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Key management personnel renumeration

E2: Key management personnel renumeration

Key management personnel (KMP) are those persons having authority and responsibility for planning, directing and controlling the activities of Finance. Finance has determined the KMP to be the Finance Minister, the Assistant Minister for Finance and the members of the Finance Executive Board which includes the Secretary, Deputy Secretaries and two SES on a rotational basis. KMP remuneration is reported in the table below.

Departmental

30 June

30 June

2018

2017

$

$

Short-term employee benefits

Salary

2,200,814

2,392,122

Executive vehicle scheme

163,016

197,523

Other benefits

7,193

7,520

Total short-term employee benefits

2,371,023

2,597,165

Post-employment benefits

Superannuation

424,803

427,551

Total post-employment benefits

424,803

427,551

Other long-term benefits

Annual leave

299,350

266,823

Long service leave

104,303

225,281

Total other long-term benefits

403,653

492,104

Total termination benefits

-

-

Total key management personnel remuneration1

3,199,479

3,516,820

Number of key management personnel included in the table above2

10

10

1 The above KMP remuneration excludes the remuneration and other benefits of the Finance Minister and the Assistant Minister for Finance whose remuneration and other benefits are set by the Remuneration Tribunal and are not paid by Finance.

2 Represents the total number of persons who held a KMP position during the year, or part thereof.