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Appendix B - Executive remuneration

Executive remuneration disclosure

Introduction

The categories of officials covered by the disclosure are:

  • Key management personnel
  • Senior executives
  • Other highly paid staff, whose total remuneration exceeds the threshold remuneration amount for the reporting period.

Remuneration policy and practices

The Secretary's remuneration is set by the Remuneration Tribunal under section 13 of the Remuneration Tribunal Act 1973.

Remuneration for the Department’s senior executive employees is established through individual determinations made under section 24(1) of the Public Service Act 1999.

  • Salary levels for SES employees are generally set at rates within a salary band applicable to each SES classification.

The Finance Enterprise Agreement 2019 (Finance Agreement), provides remuneration and conditions for all non-SES employees.

  • The Finance Agreement also allows individual flexibility arrangements (IFAs) for remuneration arrangements, superannuation, working hours, leave, allowance, overtime rates and penalty rates.

Remuneration governance arrangements

The Leadership and Remuneration Subcommittee is a subcommittee of the Executive Board.

  • The Subcommittee is responsible for overseeing the Department’s remuneration (all staff), staff development and SES recruitment.

The Subcommittee comprises members from across the Department as follows:

  • Chair (Secretary)
  • Deputy Chair (Deputy Secretary)—nominated by the Chair when needed
  • The Deputy Secretaries (position-based members)
  • Assistant Secretary, HR Branch (ex-officio member, position-based).

Key management personnel

The key management personnel (KMP) for Finance include the Finance Minister, the Assistant Minister for Finance, Charities and Electoral Matters and the members of the Finance Executive Board. Finance’s Executive Board consists of seven positions at any one time, the Secretary and the four Deputy Secretaries. In addition, membership of the Board is offered for a period of nine months on a rotating basis to a First Assistant Secretary and Assistant Secretary. The rotations occurred in March 2019 for the First Assistant Secretaries and June 2019 for the Assistant Secretaries. Remuneration paid to members of the Finance Executive Board is disclosed in the information about remuneration for key management personnel table below.

Information about remuneration for senior executives

Short‑term benefits

Post‑employment benefits

Other long‑term benefits

Termination benefits

Total remuneration

Total remuneration bands

Number of senior executives

Average base salary

Average other benefits and allowances

Average superannuation contributions

Average long service leave

Average termination benefits

Average total remuneration

$0 - $220,000

18

70,237

10,137

14,279

(1,691)

14,522

107,485

$220,001 - $245,000

17

171,511

24,324

30,556

8,549

-

234,940

$245,001 - $270,000

20

182,076

24,285

32,908

8,026

8,656

255,950

$270,001 - $295,000

4

206,379

24,920

38,044

11,661

-

281,004

$295,001 - $320,000

4

227,927

27,906

36,555

16,176

-

308,564

$320,001 - $345,000

4

241,009

26,399

46,055

15,135

-

328,598

$345,001 - $370,000

2

255,465

27,910

46,647

15,504

-

345,526

$370,001 - $395,000

1

273,367

27,910

46,333

32,702

-

380,312

$420,001 - $445,000

1

147,247

17,329

26,554

(6,952)

248,353

432,530

The table includes all substantive senior executives who received remuneration during the reporting period, including those who have been promoted, transferred or ceased during the reporting period. Therefore more than one individual may have filled a single position over the course of the year.

Long service leave on separation may create a negative leave expense for amounts accrued but not yet vested.

Information about remuneration for other highly paid staff

Short‑term benefits

Post‑employment benefits

Other long‑term benefits

Termination benefits

Total remuneration

Total remuneration bands

Number of other highly paid staff

Average base salary

Average other benefits and allowances

Average superannuation contributions

Average long service leave

Average termination benefits

Average total remuneration

$220,001 - $245,000

6

132,963

7,848

24,597

4,649

58,511

228,567

$270,001 - $295,000

3

116,710

-

23,261

2,436

139,460

281,867

$295,001 - $320,000

1

134,705

-

25,461

(3,475)

143,542

300,233

The table includes other highly paid staff who received remuneration during the reporting period, including those who have been promoted, transferred or ceased during the reporting period. Three individuals included were acting as SES for a portion of the year. Seven others received a voluntary redundancy payment. Long service leave on separation may create a negative leave expense for amounts accrued but not yet vested.

Information about remuneration for key management personnel

Short-term benefits

Post-employment benefits

Other long-term benefits

Termination benefits

Total remuneratione

Name

Position title

Term as KMP

Base salarya

Other benefits and allowancesb

Superannuation contributionsc

Long service leaved

Rosemary Huxtable

Secretary

1 July 2018–30 June 2019

686,563

2,797

106,002

26,076

821,438

David Fredericks

Deputy Secretary

1 July 2018–30 June 2019

371,878

27,987

65,680

16,103

481,648

Stein Helgeby

Deputy Secretary

1 July 2018–30 June 2019

324,210

28,059

65,649

7,180

425,098

Andrew Jaggers

Deputy Secretary

1 July 2018–30 June 2019

311,742

27,987

56,509

13,487

409,726

Katherine Jones

Deputy Secretary

1 July 2018–30 June 2019

393,498

27,987

67,829

15,371

504,685

Nicholas Hunt

First Assistant Secretary

1 July 2018–1 March 2019

169,696

19,629

31,756

10,418

231,499

Tracey Carroll

First Assistant Secretary

13 March 2019–30 June 2019

80,904

8,434

12,417

1,946

103,701

Dana Sutton

Assistant Secretary

1 July 2018–12 June 2019

168,729

23,756

28,991

7,170

228,646

Scott Austin

Assistant Secretary

12 June 2019–30 June 2019

13,721

1,301

1,646

303

16,971

Total

2,520,941

167,937

436,479

98,054

3,223,412

(a) Base salary includes salary paid and accrued, salary paid while on annual leave, salary paid while on personal leave, annual leave accrued and higher duties allowances.

(b) Other benefits and allowances include monetary benefits such as car allowances and non-monetary benefits such as provision of a carpark.

(c) For individuals in a defined contribution scheme (for example PSSap and super choice), superannuation includes superannuation contribution amounts. For individuals in a defined benefit scheme (for example CSS and PSS), superannuation includes the relevant Notional Employer Contribution Rate and Employer Productivity Superannuation Contribution.

(d) Long service leave comprises the amount of leave accrued and taken for the period.

(e) Total remuneration is calculated on an accrual basis in accordance with AASB 119 Employee Benefits with the exception of the impact of any promotion on leave balances that existed prior to the promotion. This means there is a difference between the remuneration determined by the Remuneration Tribunal and the remuneration disclosed in this table and note E2 Key Management Personnel presented in the Financial Statements.