Non-executive employees
The ARPC Enterprise Agreement 2019-22 (the agreement) which sets out the employment terms and conditions for non-executive employees, came into effect on 3 May 2019. In addition to base salary, non-executive employees receive company superannuation contributions at 15.4 per cent of base salary. The base salary classification framework for non-executive employees can be found on the website at www.arpc.gov.au/resources-2/ips/arpc-pay-and-grading-structure-2019-2022/.
Non-executive employees 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. This means there will be no bonuses paid for 2019-20.
Remuneration Band | No. of Senior Executives | Short Term Benefits | Long Term Benefits | Total Remuneration | |||
---|---|---|---|---|---|---|---|
Average Base Salary | Average Bonuses | Average Other Allowances | Average Superannuation Contributions | Average LSL | Average Total Remuneration | ||
225,001-250,000 | 1 | 186,580 | – | 600 | 34,173 | 4,987 | 226,340 |
Visit
https://www.transparency.gov.au/annual-reports/australian-reinsurance-pool-corporation/reporting-year/2019-20-40