Note 25. Key Management Personnel Disclosures
Key management personnel
Hearing Australia has determined that Key Management Personnel ('KMP') is comprised of all members of the Board and all members of the Senior Management Team as they have the responsibility for planning, directing and controlling the activities of Hearing Australia.
Compensation
The aggregate remuneration made to directors and other members of KMP is set out below.
|
2019 |
2018 |
|
|---|---|---|
|
Short-term employee benefits* |
1,856,011 |
1,752,830 |
|
Post-employment benefits |
207,123 |
188,212 |
|
Other long-term benefits |
45,720 |
39,997 |
|
Total aggregate compensation of KMP |
2,108,854 |
1,981,039 |
* Short term employee benefits include estimated bonuses of $214,391 that are not yet finalised at the time of preparing this report (2018: $149,779).
There were no material related party transactions with KMP.
The total number of KMP that are included in the above table are 11 (2018: 16). The variance of 5 from last year is a result of KMP positions that were occupied by more than one person due to positions becoming vacant during last year and then filled with a different person in that year.
The above KMP remuneration excludes the remuneration and other benefits of the Portfolio Minister. The Portfolio Minister's remuneration and other benefits are set out by the Remuneration Tribunal and are not paid by Hearing Australia.
Visit
https://www.transparency.gov.au/annual-reports/hearing-australia/reporting-year/2018-2019-74