Note 12A: Senior Executive Remuneration Expenses for the Reporting Period |
---|
|
2014 |
2013 |
|
$ |
$ |
Short-term employee benefits |
|
|
Salary |
952,675 |
659,369 |
Annual leave accrued |
60,442 |
50,626 |
Motor vehicle and other allowances |
34,445 |
- |
Total short-term employee benefits |
1,047,562 |
709,995 |
|
|
|
Post-employment benefits |
|
|
Superannuation |
165,247 |
104,964 |
Total post-employment benefits |
165,247 |
104,964 |
|
|
|
Other long-term employee benefits |
|
|
Long-service leave |
25,409 |
16,687 |
Total other long-term employee benefits |
25,409 |
16,687 |
|
|
|
Total senior executive remuneration expenses |
1,238,218 |
831,646 |
1. Note 12A is prepared on an accrual basis.
2. Note 12A excludes acting arrangements and part-year service where total remuneration expensed as a senior executive was less than $195,000.
3. During the 2012-13 year, three members of the Senior Executive Group were appointed but were not employed by the Commission for the full financial reporting period and did not have remuneration above the threshold for reporting purposes.
Note 12B: Average Annual Reportable Remuneration Paid to Substantive Senior Executives during the Reporting Period |
---|
|
Average annual reportable remuneration paid to substantive senior executives in 2014 |
Average annual reportable remuneration1 |
Substantive senior executives |
Reportable salary2 |
Contributed superannuation3 |
Reportable allowances4 |
Bonus paid5 |
Total reportable remuneration |
|
No. |
$ |
$ |
$ |
$ |
$ |
Total reportable remuneration (including part-time arrangements): |
|
|
|
|
|
|
Less than $195,000 |
1 |
144,308 |
21,560 |
- |
- |
165,868 |
$195,000 to $224,999 |
3 |
185,054 |
29,139 |
- |
- |
214,193 |
$315,000 to $344,999 |
1 |
340,008 |
42,129 |
- |
- |
382,138 |
Total number of substantive senior executives |
5 |
|
|
|
|
|
|
Average annual reportable remuneration paid to substantive senior executives in 2013 |
Average annual reportable remuneration1 |
Substantive senior executives |
Reportable salary2 |
Contributed superannuation3 |
Reportable allowances4 |
Bonus paid5 |
Total reportable remuneration |
|
No. |
$ |
$ |
$ |
$ |
$ |
Total reportable remuneration (including part-time arrangements): |
|
|
|
|
|
|
Less than $195,000 |
4 |
104,184 |
18,232 |
- |
- |
122,416 |
$195,000 to $224,999 |
1 |
203,628 |
32,604 |
- |
- |
236,232 |
$315,000 to $344,999 |
1 |
321,531 |
40,455 |
- |
- |
361,986 |
Total number of substantive senior executives |
6 |
|
|
|
|
|
1. This table reports substantive senior executives who received remuneration during the reporting period. Each row is an averaged figure based on headcount for individuals in the band.
2. 'Reportable salary' includes the following:
a. gross payments (less any bonuses paid, which are separated out and disclosed in the 'bonus paid' column);
b. reportable fringe benefits (at the net amount prior to 'grossing up' for tax purposes);
c. reportable employer superannuation contributions;
d. exempt foreign employment income.
3. The 'contributed superannuation' amount is the average cost to the entity for the provision of superannuation benefits to substantive senior executives in that reportable remuneration band during the reporting period. 4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries. 5. 'Bonus paid' represents average actual bonuses paid during the reporting period in that reportable remuneration band. The 'bonus paid' within a particular band may vary between financial years due to various factors such as individuals commencing with or leaving Fair Work Commission during the financial year.
Note 12C: Average Annual Reportable Remuneration Paid to Other Highly Paid Staff and Members during the Reporting Period |
---|
Average annual reportable remuneration paid to Members in 2014 |
Average annual reportable remuneration1 |
Highly paid members |
Reportable salary2 |
Contributed superannuation3 |
Reportable allowances4 |
Bonus paid5 |
Total reportable remuneration |
|
No. |
$ |
$ |
$ |
$ |
$ |
Total reportable remuneration (including part-time arrangements): |
|
|
|
|
|
|
$255,000 to $284,999 |
1 |
235,571 |
25,000 |
- |
- |
260,571 |
$315,000 to $344,999 |
6 |
278,751 |
47,785 |
- |
- |
326,536 |
$345,000 to $374,999 |
16 |
312,587 |
38,339 |
558 |
- |
351,484 |
$375,000 to $404,999 |
2 |
328,507 |
58,659 |
425 |
- |
387,591 |
$405,000 to $434,999 |
17 |
406,056 |
8,529 |
70 |
- |
414,655 |
$435,000 to $464,999 |
1 |
381,141 |
62,945 |
632 |
- |
444,718 |
$465,000 to $494,999 |
1 |
453,960 |
- |
- |
- |
453,960 |
$495,000 to $524,999 |
1 |
488,482 |
25,000 |
735 |
- |
514,217 |
$525,000 to $554,999 |
1 |
517,257 |
17,775 |
- |
- |
535,032 |
Total number of highly paid members |
46 |
|
|
|
|
|
|
|
Average annual reportable remuneration paid to Members in 2013 |
Average annual reportable remuneration1 |
Highly paid members |
Reportable salary2 |
Contributed superannuation3 |
Reportable allowances4 |
Bonus paid5 |
Total reportable remuneration |
|
No. |
$ |
$ |
$ |
$ |
$ |
Total reportable remuneration (including part-time arrangements): |
|
|
|
|
|
|
$210,000 to $239,999 |
1 |
200,018 |
32,483 |
- |
- |
232,501 |
$300,000 to $329,999 |
7 |
288,188 |
34,066 |
216 |
- |
322,470 |
$330,000 to $359,999 |
17 |
304,241 |
35,083 |
217 |
- |
339,541 |
$360,000 to $389,999 |
1 |
294,920 |
66,448 |
- |
- |
361,368 |
$390,000 to $419,999 |
5 |
392,706 |
10,008 |
- |
- |
402,714 |
$420,000 to $449,999 |
11 |
420,948 |
7,753 |
17 |
- |
428,718 |
$450,000 to $479,999 |
1 |
461,545 |
- |
- |
- |
461,545 |
$570,000 to $599,999 |
1 |
595,984 |
- |
- |
- |
595,984 |
Total number of highly paid members |
44 |
|
|
|
|
|
1. This table reports staff and members:
a) who were employed by or statutorily appointed to Fair Work Commission during the reporting period;
b) whose reportable remuneration was $195,000 or more for the reporting period; and
c) were not required to be disclosed in Table B or director disclosures.
Each row is an averaged figure based on headcount for individuals in the band.
2. 'Reportable salary' includes the following:
a) gross payments (less any bonuses paid, which are separated out and disclosed in the 'bonus paid' column);
b) reportable fringe benefits (at the net amount prior to 'grossing up' for tax purposes);
c) exempt foreign employment income; and
d) salary sacrificed benefits.
3. The 'contributed superannuation' amount is the average cost to Fair Work Commission for the provision of superannuation benefits to other highly paid staff and members in that reportable remuneration band during the reporting period.
4. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
5. 'Bonus paid' represents average actual bonuses paid during the reporting period in that reportable remuneration band. The 'bonus paid' within a particular band may vary between financial years due to various factors such as individuals commencing with or leaving Fair Work Commission during the financial year.
6. Various salary sacrifice arrangements were available to other highly paid staff and members including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
7. Upon resignation / retirement from office, presidential members covered by the Fair Work (Transitional Provisions and Consequential Amendments) Act 2009 may be paid up to one year remuneration in accordance with provisions contained within the JUDGES (LONG LEAVE PAYMENTS) ACT 1979. The application of these payments in some cases has resulted in higher reportable remuneration than that prescribed by the applicable Remuneration Tribunal determination.