Executive Remuneration Reporting

The following tables disclose the remuneration of Finance’s executives and other highly paid staff for the relevant reporting period. The disclosures are at an aggregate level, within dollar ranges (or bands) and indicate the number of employees within each band.

Table A: Remuneration paid to executives during the reporting period

1 July 2016 - 30 June 2017

Total remuneration


Executives
No.
Average
reportable
salary
$
Average
contributed
superannuation
$
Average
total
remuneration
$
$200,000 and less 34 113,419 18,400 131,819
$200,001 to $225,000 15 184,438 29,670 214,108
$225,001 to $250,000 19 204,992 32,999 237,991
$250,001 to $275,000 9 219,330 36,496 255,826
$275,001 to $300,000 5 247,644 39,911 287,555
$300,001 to $325,000 6 265,180 45,801 310,981
$350,001 to $375,000 1 319,658 54,385 374,043
$400,001 to $425,000 1 357,525 64,715 422,240
$425,001 to $450,000 1 381,575 63,260 444,835
$650,001 to $675,000 1 592,843 71,912 664,755
$775,001 to $800,000 1 767,348 27,385 794,733
Total number of executives 93      

Table A includes executives who have ceased during the period or are inoperative. The table does not include secondees who are represented in their home agency’s reporting table.

31 July 2017

Table A: Key Requirements/definitions

The 'Average reportable salary' column is prepared on a cash basis using reportable salary as defined as the sum of:

  1. gross payments (excluding bonuses);
  2. reportable fringe benefits (net amount);
  3. reportable employer superannuation contributions, and
  4. exempt foreign employment income

as reported in an individual's payment summary.

The 'Average contributed superannuation' column is prepared on a cash basis using contributed superannuation as defined as follows:

  • For individuals that are in a defined contribution scheme (e.g. PSSap), 'contributed superannuation' should include the defined contribution amounts. The amount is typically located on the individual's payslips; or
  • For individuals that are in a defined benefit scheme (e.g. PSS and CSS), 'contributed superannuation' should include the Notional Employer Contribution Rate (NECR) amount, Employer Productivity Superannuation Contribution (also known as the Productivity Component) and any Additional Lump Sum Contribution paid during the financial reporting period

Table B: Remuneration paid to highly paid staff during the reporting period

1 July 2016 - 30 June 2017

Total remuneration

Highly
paid staff
No.
Average
reportable
salary
$
Average
contributed
superannuation
$
Average
total
remuneration
$
$200,001 to $225,000 3 175,723 26,847 202,570
$225,001 to $250,000 1 199,200 29,399 228,599
Total number of highly paid staff 4      

Table B: Key Requirements/definitions

The 'Average reportable salary' column is prepared on a cash basis using reportable salary as defined as the sum of:

  1. gross payments (excluding bonuses);
  2. reportable fringe benefits (net amount);
  3. reportable employer superannuation contributions, and
  4. exempt foreign employment income

as reported in an individual's payment summary.

The 'Average contributed superannuation' column is prepared on a cash basis using contributed superannuation as defined as follows:

  • For individuals that are in a defined contribution scheme (e.g. PSSap), 'contributed superannuation' should include the defined contribution amounts. The amount is typically located on the individual's payslips; or
  • For individuals that are in a defined benefit scheme (e.g. PSS and CSS), 'contributed superannuation' should include the Notional Employer Contribution Rate (NECR) amount, Employer Productivity Superannuation Contribution (also known as the Productivity Component) and any Additional Lump Sum Contribution paid during the financial reporting period.

Last updated: 03 August 2017