Executive remuneration
Key management personnel (KMP) include those who have authority and responsibility for planning, directing and controlling the activities of the entity, directly or indirectly, including any director (whether executive or otherwise) of that entity. IP Australia has determined KMP to be the Director General (SES Band 3) and the Deputy Director Generals (SES Band 2). For 2020–21, remuneration for KMP in IP Australia was determined by the Secretary of the Department of Industry, Science, Energy and Resources or his delegate in accordance with the conditions set out in their common law contract.
During the reporting period ended 30 June 2021, IP Australia had 4 executives who met the definition of KMP, as shown in Table 83.
Table 8: Key management personnel, 2020–21
Name | Position | Term |
|---|---|---|
Michael Schwager | Director General | Full year |
Margaret Tregurtha | Deputy Director General | Full year |
Frances Roden | Deputy Director General | 1 July 2020 – 23 April 2021 |
Paula Adamson | Deputy Director General | 24 April 2021 to present |
Table 84 details the total remuneration paid to KMP, as shown in the notes to the financial statements for 2020–21. Further detail on executive remuneration and other highly paid staff is in Appendix C4.
Table 9: Total remuneration of key management personnel, 2020–21
Note 4.1: Key management personnel remuneration | 2020–21 |
|---|---|
Short-term benefits: Base salary Bonus | $864,892 $0 |
Other benefits and allowances | $9,454 |
Total short-term benefits | $874,346 |
Superannuation | $169,012 |
Total post-employment benefits | $169,012 |
Other long-term benefits Long service leave | $22,340 |
Total other long-term benefits | $22,340 |
Total key management personnel remuneration | $1,065,698 |
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https://www.transparency.gov.au/annual-reports/ip-australia/reporting-year/2020-21-30