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4.2 Key Management Personnel Remuneration

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Commission, directly or indirectly, including any director (whether executive or otherwise) of the Commission. The Commission has determined the key management personnel to be the Chief Executive, Chief Operating Officer* and 10 Directors. Key management personnel remuneration is reported in the table below:

2020

2019

$'000

$'000

Short-term employee benefits

1,140

1,039

Post-employment benefits

107

94

Other long-term benefits

29

24

Termination benefits

-

-

Total key management remuneration expenses**

1,276

1,157

The total number of key management personnel that are included in the above table are 13 (2019: 14)1. This includes two directors that waived their right or were not eligible to receive remuneration during 2020 for all or part of the year (2019: 2).

*Two individuals are included as performing the Chief Operating Officer role during the year.

**The above key management personnel remuneration excludes the remuneration and other benefits of the Portfolio Minister. The Portfolio Minister's remuneration and other benefits are set by the Remuneration Tribunal and are not paid by the Commission.