Note 5: Key management personnel compensation and related parties
Note 5A: Key management personnel compensation |
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Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the department, directly or indirectly, including any director (whether executive or otherwise) of the department. |
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The department has determined the key management personnel to be the Clerk, Deputy Clerk, Clerk Assistants and the Usher of the Black Rod. Key management personnel compensation is reported in the table below. |
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2018 |
2017 |
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$'000 |
$'000 |
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Key management personnel compensation |
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Short-term employee benefits |
1,479 |
1,420 |
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Post-employment benefits |
214 |
688 |
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Other long-term employee benefits |
138 |
88 |
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Total key management personnel compensation |
1,831 |
2,196 |
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Note 5B: Related party transactions |
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Related parties to this department are defined as key management personnel and close family members of key management personnel. A related party transaction is a transfer of resources, services or obligations between the department and a related party, regardless of whether a price is charged. |
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During 2017-18, there were no related party transactions. |
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https://www.transparency.gov.au/annual-reports/department-senate/2018/financial-statements-2017-18/note-5-key-management-personnel