Key management personnel remuneration
Note 4.2A: Key management personnel remuneration
Key management personnel (KMP) are those persons having authority and responsibility for planning, directing and controlling the activities of the DTA, directly or indirectly, including any director (whether executive or otherwise). KMP remuneration is reported in the table below:
2020 $’000 | 2019 $’000 | |
Short-term employee benefits | 1,619 | 1,680 |
Post-employment benefits | 236 | 205 |
Other long-term employee benefits | 39 | 40 |
Termination benefits | - | - |
Total key management personnel remuneration expenses1,2,3 | 1,894 | 1,925 |
1 The DTA has determined the KMP to be the Chief Executive Officer (CEO) and three executive officers. For the period 1 July 2019 to 10 March 2020, the Chief Operating Officer was included as KMP prior to a restructure removing this role from the Executive Board. The KMP in 2018–19 included the CEO, 3 executive officers and the Chief Operating Officer.
2The total number of KMP that are included in the above table is 5 (2019: 10) representing the people who individually occupied the KMP positions during the year.
3 The above KMP remuneration excludes the remuneration and other benefits of Portfolio Ministers. The Portfolio Ministers’ remuneration and other benefits are set by the Remuneration Tribunal and are not paid by the entity.
Related party disclosures
Related party relationships
The DTA is an Australian Government controlled entity. Related parties to the DTA are Key Management Personnel, including the Portfolio Ministers and other Australian Government entities, as well as certain close family members and controlled entities of KMP.
Transactions with related parties
Given the breadth of Government activities, related parties may transact with the government sector in the same capacity as ordinary citizens. Such transactions include the payment or refund of taxes, receipt of a Medicare rebate or higher education loans. These transactions have not been separately disclosed in this note.
Significant transactions with related parties can include:
- the payments of grants or loans
- purchases of goods and services
- asset purchases, sales transfers or leases
- debts forgiven
- guarantees.
Giving consideration to relationships with related entities, and transactions entered into during the reporting period by the DTA, it has been determined that there are no related party transactions to be separately disclosed.
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https://www.transparency.gov.au/annual-reports/digital-transformation-agency/reporting-year/2019-20-37