Introduction

The categories of officials covered by the disclosures include:

- Key management personnel

- Senior executives remuneration

- Other highly paid staff

Remuneration policies and practices

The Secretary to the Treasury’s remuneration is set by a Remuneration Tribunal Determination.

SES remuneration and employment conditions are determined under section 24(1) of the Public Service Act 1999. These are supported by a remuneration model that determines pay levels within each SES level based on performance. SES are subject to annual performance appraisals.

Remuneration and employment conditions for the Treasury’s non-SES officers are determined under the Treasury Enterprise Agreement 2018–2021. The enterprise agreement operates in conjunction with applicable Commonwealth legislation and the Treasury’s policies and guidelines to define the terms and conditions of employment for staff. The department occasionally uses individual flexibility arrangements to secure specific expertise or specialist skills critical to business needs, which are governed by the Treasury Enterprise Agreement 2018–2021.

In determining the appropriate conditions and rates for overseas posts, the Treasury may be guided by the conditions of service extended to the Department of Foreign Affairs and Trade.

Key management personnel

During the reporting period ended 30 June 2020, Treasury had 12 executives who met the definition of key management personnel (KMP). Their names and length of term as KMP are summarised below:

In the notes to the financial statements for the period ending 30 June 2020, Treasury disclosed the following KMP expenses:

In accordance with the PGPA Rule, this information needs to be disaggregated in the annual report as follows:

Notes

1. Includes two (2) employees who have acted in a KMP position in excess of three (3) months during the period.

2. Includes the movement in annual leave entitlements during the period and may include higher duties.

3. Excludes bond rate impact on long service leave.

Senior executive remuneration

During the reporting period ended 30 June 2020, Treasury had 123 senior executives. The following table provides the average remuneration by band for senior executives during the reporting period.

Notes

1. Includes the movement in annual leave entitlements during the period.

2. Includes, but is not limited to, allowances and benefits received whilst on overseas post.

3. Due to a change made to RMG 138: Commonwealth entities executive remuneration reporting guide for annual reports, Fringe Benefits Tax on benefits that do not result in reportable fringe benefit amounts for employees, including housing benefits provided to staff on overseas posts, is no longer included in the executive remuneration calculation.

4. Excludes bond rate impact on long service leave.

5. The table includes the part year impact of senior executives who either commenced or separated during the year.

Other highly paid staff

The following table provides the average remuneration by band for other highly paid staff during the reporting period.

Notes

1. Includes the movement in annual leave entitlements during the period.

2. Includes, but is not limited to, allowances and benefits received whilst on overseas post.

3. Due to a change made to RMG 138: Commonwealth entities executive remuneration reporting guide for annual reports, Fringe Benefits Tax on benefits that do not result in reportable fringe benefit amounts for employees, including housing benefits provided to staff on overseas posts, is no longer included in the executive remuneration calculation.

4. Excludes bond rate impact on long service leave.