People and relationships
This section describes a range of employment and post employment benefits provided to our people and our relationships with other key people.
6.1 Employee provisions
|
2019 |
2018 |
|
|---|---|---|
|
$’000 |
$’000 |
|
|
6.1A: Employee provisions |
||
|
Leave |
21,818 |
20,684 |
|
Separations and redundancies |
- |
1,643 |
|
Total employee provisions |
21,818 |
22,327 |
|
Accounting policy Liabilities for short-term employee benefits and termination benefits expected within twelve months of the end of reporting period are measured at their nominal amounts. Other long-term employee benefits are measured as net total of the present value of the defined benefit obligation at the end of the reporting period minus the fair value at the end of the reporting period of plan assets (if any) out of which the obligations are to be settled directly. Leave The liability for employee benefits includes provision for annual leave and long service leave. The leave liabilities are calculated on the basis of employees’ remuneration at the estimated salary rates that will be applied at the time the leave is taken, including the entity’s employer superannuation contribution rates to the extent that the leave is likely to be taken during service rather than paid out on termination. The liability for long service leave has been determined by reference to the work of an actuary as at 30 June 2019. The estimate of the present value of the liability takes into account attrition rates and pay increases through promotion and inflation. Separation and redundancy Provision is made for separation and redundancy benefit payments. The AAT recognises a provision for termination when it has developed a detailed formal plan for the terminations and has informed those employees affected that it will carry out the terminations. Superannuation The AAT's staff are members of the Commonwealth Superannuation Scheme (CSS), the Public Sector Superannuation Scheme (PSS), or the PSS accumulation plan (PSSap), or other superannuation funds held outside the Australian Government. The CSS and PSS are defined benefit schemes for the Australian Government. The PSSap is a defined contribution scheme. The liability for defined benefits is recognised in the financial statements of the Australian Government and is settled by the Australian Government in due course. This liability is reported in the Department of Finance’s administered schedules and notes. The AAT makes employer contributions to the employees' defined benefit superannuation scheme at rates determined by an actuary to be sufficient to meet the current cost to the Government. The AAT accounts for the contributions as if they were contributions to defined contribution plans. The liability for superannuation recognised as at 30 June represents outstanding contributions. Accounting judgements and estimates The employee benefits provisions have been estimated in accordance with AASB 119 Employee Benefits and reflect the expected value of those benefits. |
||
6.2 Key management personnel remuneration
Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the AAT. The AAT has assessed and determined its key management personnel to be the Portfolio Minister, AAT President and Registrar.
Key management personnel remuneration is reported in the table below:
|
2019 |
2018 |
|
|---|---|---|
|
$’000 |
$’000 |
|
|
Short-term employee benefits |
339 |
322 |
|
Post-employment benefits |
55 |
54 |
|
Other long-term employee benefits |
37 |
36 |
|
Total key management personnel remuneration expenses1 |
431 |
412 |
|
The total number of key management personnel that are included in the above table is 1 (2018: 1). |
||
|
1. The above key management personnel remuneration excludes the remuneration and other benefits of the Portfolio Minister and the AAT President, which are set by the Remuneration Tribunal. The Portfolio Minister's remuneration and other benefits are not paid by the AAT. The AAT President's remuneration and other benefits are reimbursed to the Federal Court of Australia by the AAT, which in accordance with PGPA (Financial Reporting) Rule 2015, paragraph 27(2), is not required to be included in the above. |
||
6.3 Related party disclosures
Related party relationships:
The AAT is an Australian Government controlled entity. Related parties to the AAT are key management personnel including the Commonwealth Cabinet, and other Australian Government entities.
Transactions with related parties:
Given the breadth of Government activities, related parties may transact with the government sector in the same capacity as ordinary citizens. Such transactions include the payment or refund of taxes, receipt of a Medicare rebate or higher education loans. These transactions have not been separately disclosed in this note.
Significant transactions with related parties can include:
- purchases of goods and services;
- asset purchases, sales transfers or leases; and
- debts forgiven.
Giving consideration to relationships with related entities, and transactions entered into during the reporting period by the AAT, it has been determined that there are no material related party transactions to be separately disclosed (2018: no material related party transactions to be separately disclosed).
Visit
https://www.transparency.gov.au/annual-reports/administrative-appeals-tribunal/reporting-year/2018-2019-42