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Information about remuneration for key management personnel

Short‑term benefits

Post‑employment benefits

Other long‑term benefits

Termination benefits

Total remuneration

Name

Position title

Base salary

Bonuses

Other benefits and allowances

Superannuation contributions

Long service leave

Other long‑term benefits

Christine Holgate1

Group Chief Executive Officer and Managing Director

1,441,247

831,375

20,531

47,573

224,500

2,565,226

Robert Black

Group Chief Operating Officer

999,041

531,956

20,531

21,398

128,909

1,701,835

Ingo Bohlken2

EGM Product & Innovation

702,457

418,950

41,885

20,531

19,662

69,825

1,273,310

Rodney Boys3

73,178

6,455

1,523

81,156

Annette Carey4

EGM International

746,303

390,938

20,531

20,938

65,156

1,243,866

Susan Davies5

EGM People & Culture

703,826

413,438

20,531

57,759

68,906

1,264,460

Nicole Sheffield6

EGM Community & Consumer

686,308

400,313

20,531

12,012

66,719

1,185,883

Gary Starr7

EGM Business & Government

684,717

413,438

9,019

20,531

30,923

85,712

1,244,340

Chris Blake8

EGM Corporate Services

566,043

20,531

-139,497

476,528

923,605

Christine Corbett9

EGM Community & Consumer

29,362

3,069

32,431

Janelle Hopkins10

Group Chief Financial Officer

847,326

20,531

-87,878

779,979

Andrew Walduck11

EGM Product & Innovation

20,272

7,784

2,305

30,361

Andrew Parker12

EGM International Services (Seconded)

30,940

30,940

7,531,020

3,400,408

58,688

196,608

-15,587

709,727

476,528

12,357,392

1 Christine Holgate was appointed Group Chief Executive Officer & Managing Director on 30 October 2017.

2 Ingo Bohlken was appointed Executive General Manager, Product & Innovation with effect from 30 July 2018.

3 Rodney Boys was appointed Group Chief Financial Officer with effect from 27 May 2019.

4 Annette Carey was appointed Executive General Manager, International Services with effect from 1 July 2018.

5 Susan Davies was appointed Executive General Manager, People & Culture with effect from 1 July 2018.

6 Nicole Sheffield was appointed Executive General Manager, Community & Consumer with effect from 6 August 2018

7 Gary Starr was appointed Executive General Manager, Business & Government with effect from 1 March 2018.

8 Chris Blake retired from Australia Post with effect from 31 December 2018. An ex-gratia payment, disclosed under “other termination & retirement benefits”, was made in accordance with the Deed of Separation.

9 Christine Corbett was appointed Acting Group Chief Executive Officer & Managing Director between 29 July 2017 to 29 October 2017 and ceased employment with Australia Post with effect from 13 July 2018.

10 Janelle Hopkins ceased employment with Australia Post with effect from 3 May 2019.

11 Andrew Walduck ceased employment with Australia Post with effect from 13 July 2018.

12 Andrew Parker was seconded from PricewaterhouseCoopers (PwC) on a consulting basis, which concluded on 13 July 2018, following appointment of permanent incumbent, Annette Carey. Andrew Parker is remunerated separately by PwC, with base salary comprising of consulting fees paid to PwC for this secondment.

13 Base salary comprises cash salary, net of annual leave accrued and taken during the year.

14 Bonuses comprise accrued short-term incentives payable within 12 months of the end of the period.

15 Other benefits and allowances comprise of the Reportable Fringe Benefits Amount included on the recipient’s payment summary. Amounts for Christine Holgate’s 2018 year benefits comprise of short-term accommodation paid by the Corporation for the first six months of her tenure in accordance with the determination set by the Remuneration Tribunal.

16 For employees who are members of the Australia Post Superannuation Scheme (APSS) defined benefit scheme, the superannuation benefit represents the contributions made by Australia Post into the APSS, which is determined using the employer contribution rate. If the employee is member of a defined contribution plan, the benefit is calculated at 9.5 per cent in accordance with the applicable legislation.

17 Long Service Leave (LSL) comprises the amount of leave accrued for the period. Where the LSL vesting requirements have not been met on separation, the reversal of the cumulative LSL accrual is reported as a non-cash adjustment to remuneration.

18 Other long-term benefits represents the accrued portion of short term incentives that are not payable within 12 months of the end of the period they relate to. This amount represents 50 per cent of the deferred component of the incentive awarded for the relevant year. The total deferred amount will be payable subject to certain performance conditions being met.

19 Termination benefits are payments made in relation to the termination of the senior executive role.