Executive remuneration
Remuneration for key management personnel ($) shows remuneration information for key management personnel in respect of the year to 30 June 2020. Key management personnel comprise Board members and senior executives. Senior executives (SES) receive company superannuation contributions of 9.5 per cent of base salary. Usually, senior executives who demonstrate outstanding performance or contribution are eligible to receive a performance bonus of up to 10 per cent of fixed remuneration. ARPC has implemented wage restraint measures as a result of the COVID-19 pandemic. SES staff will receive no wage increases and bonuses will not be paid for 2019-20. Employment terms and conditions for senior executives are set out in individual contracts.
Name | Position | Short Term Benefits | Long Term Benefits | Total Remuneration | |||
|---|---|---|---|---|---|---|---|
Base | Bonuses | Other Allowances | Superannuation Contributions | LSL | |||
Ian Carson | Chair | 27,954 | – | 4,664 | 3,098 | – | 35,716 |
Janet Torney | Member | 13,977 | – | 2,100 | 1,527 | – | 17,604 |
Mike Callaghan* | Member | 3,734 | – | 2,100 | 898 | – | 6,732 |
John Peberdy | Member | 13,977 | – | 4,199 | 1,727 | – | 19,903 |
Elaine Collins | Member | 13,977 | – | 3,150 | 1,627 | – | 18,754 |
Robin Low** | Member | 6,348 | – | 1,050 | 703 | – | 8,101 |
Karen Payne*** | Member | – | – | -– | – | – | – |
Maria Fernandez**** | Member | 2,614 | – | – | 248 | – | 2,862 |
Christopher Wallace | CEO | 398,676 | – | – | 41,376 | 10,984 | 451,036 |
Michael Pennell | CUO | 294,192 | – | – | 27,999 | 9,008 | 331,199 |
John Park | CFO | 285,280 | – | – | 26,181 | 7,240 | 318,701 |
Helen Williams***** | COO | 210,061 | – | – | 18,719 | 4,566 | 233,346 |
Janice Nand | GC | 239,555 | – | – | 22,712 | 6,410 | 268,677 |
1,510,345 | – | 17,263 | 146,815 | 38,208 | 1,712,631 | ||
* Mr Callaghan’s term ended on 4 October 2019.
** Ms Low’s term ended on 4 October 2019 and she was re-appointed on 23 April 2020.
*** Effective 6 May 2019 Ms Payne was appointed to the full-time office of Inspector General of Taxation and her remuneration for the part-time office of ARPC Member ceased.
**** Ms Fernandez was appointed on 23 April 2020.
***** Helen Williams commenced employment on 20 October 2019.
Visit
https://www.transparency.gov.au/annual-reports/australian-reinsurance-pool-corporation/reporting-year/2019-20-39