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Remuneration

Under the ARENA Act and the Remuneration Tribunal Act 1973, remuneration and travel allowances for Board members are determined independently by the Australian Government Remuneration Tribunal.

Table 15 identifies the Remuneration Tribunal Determinations that were applicable during 2018-19, and Table 16 provides the remuneration rates for the reporting period.

TABLE 15: REMUNERATION TRIBUNAL DETERMINATIONS APPLICABLE IN 2018-19

DETERMINATIONS: REMUNERATION AND ALLOWANCES

DATE OF EFFECT

Administration expenses

1 July 2018

DETERMINATIONS: OFFICIAL TRAVEL BY OFFICE HOLDERS

DATE OF EFFECT

Remuneration tribunal (official travel) determination 2018

26 August 2018

TABLE 16: RATES OF BOARD MEMBERS REMUNERATION APPLICABLE IN 2018-19

OFFICE

DAILY RATE

Chair

$1306

Board member

$1045

In addition, superannuation is payable on these amounts at the rate of 9.5 per cent in accordance with the Superannuation Guarantee Charge Act 1992. Actual amounts paid to Board members during the reporting period are disclosed in Note 1.1A of the FINANCIAL STATEMENTS.