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5.6 Executive remuneration

5.6.1 Key management personnel

During the year ended 30 June 2020, in addition to the Board, the Agency had 13 senior executive or equivalent officials who met the definition of key management personnel (KMP). The name and the length of term for each KMP are summarised below.

Table 5.6.1A: Key management personnel

Name

Position

Term as KMP

Dr Helen Nugent AO

Board Chairman

Full year

Ms Sandra Birkensleigh

Board Member

Full year

Professor Jane Burns

Board Member

Part year—appointed 1 January 2020

Mr Glenn Keys AO

Board Member

Full year

Ms Robyn Kruk AO

Board Member

Full year

Mr John Langoulant AO

Board Member

Full year

Dr Martin Laverty

Board Member

Full year

Mr James Minto

Board Member

Full year

Mr Paul O’Sullivan

Board Member

Full year

Ms Estelle Pearson

Board Member

Full year

Ms Andrea Staines OAM

Board Member

Part year—term ended 31 December 2019

Mr John Walsh AM

Board Member

Full year

Mr Martin Hoffman

Chief Executive Officer

Part year—appointed 4 November 2019

Ms Vicki Rundle PSM

Acting Chief Executive Officer

Part year—to 3 November 2019

DCEO Participants and Planning Experience

Part year—from 14 November 2019
to 20 December 2019

DCEO Government, Communications and Stakeholder Engagement

Part year—from 4 November to
13 November 2019 and from
21 December 2019 to 1 March 2020

DCEO Markets, Government and Engagement

Part year—from 2 March to 12 June 2020

Mr Hamish Aikman

Chief People Officer

Full year

Mr Oliver Bladek

DCEO Strategy Development and Chief Risk Officer

Part year—from 29 September 2019
to 1 March 2020

DCEO Design, Digital and Strategy

Part year—from 2 March 2020

Mr Jeremy Dean

DCEO Participants and Planning Experience

Part year—from 9 December 2019
to 1 March 2020

DCEO Participant Experience Delivery

Part year—from 2 March 2020

Mr Michael Francis

DCEO Participants and Planning Experience

Part year—to 6 September 2019

Mr Ian Frew

Chief Information Officer

Full year

Ms Sarah Johnson

Scheme Actuary

Full year

Mr Scott McNaughton

Acting DCEO Government, Communications and Stakeholder Engagement

Part year—to 5 January 2020

Ms Tracey Muddle

Head of Participant Focus

Part year—to 1 March 2020

Ms Liz Neville

Acting Head of Markets, Provider and Sector Development

Part year—from 4 July 2019 to
1 March 2020

Mr Victor Walter

DCEO Strategy Development and Chief Risk Officer

Part year—to 19 September 2019

DCEO Participants and Planning Experience

Part year—from 20 September
to 8 December 2019

DCEO Corporate Services and Chief Financial Officer

Part year—from 9 December 2019

Ms Melissa Woodburn

Acting DCEO Corporate Services and CFO

Part year—from 4 July to 8 December 2019

Chief Risk Officer

Part year—from 2 March 2020

5.6.2 Information about the remuneration of key management personnel

The remuneration received or due to be received for each of the Agency’s KMP for 2019–20 is summarised in the table below.

Table 5.6.2A: Key management personnel remuneration

Key management personnel remuneration

Short-term benefits

Post-employment benefits

Other long-term benefits

Termination benefits

Total remuneration

Name

Position title

Base salary

Bonuses

Other
benefits
and allowances

Superannuation contributions

Long service leave

Other long-term benefits

Dr Helen Nugent AO

Board Chairman

141,433

0

0

21,781

0

0

0

163,214

Ms Sandra Birkensleigh

Board Member

87,107

0

0

13,451

0

0

0

100,558

Professor Jane Burns

Board Member

35,092

0

0

5,404

0

0

0

40,496

Mr Glenn Keys AO

Board Member

70,716

0

0

10,716

0

0

0

81,432

Ms Robyn Kruk AO

Board Member

70,716

0

0

10,890

0

0

0

81,606

Mr John Langoulant AO

Board Member

85,048

0

0

13,097

0

0

0

98,145

Dr Martin Laverty

Board Member

78,912

0

0

12,012

0

0

0

90,924

Mr James Minto

Board Member

76,853

0

0

11,835

0

0

0

88,688

Mr Paul O’Sullivan

Board Member

70,716

0

0

10,904

0

0

0

81,620

Ms Estelle Pearson

Board Member

91,175

0

0

14,041

0

0

0

105,216

Ms Andrea Staines OAM

Board Member

35,624

0

0

5,486

0

0

0

41,110

Mr John Walsh AM

Board Member

102,622

0

0

13,846

0

0

0

116,468

Mr Martin Hoffman

Chief Executive Officer

437,348

0

36,367

15,910

11,786

0

0

501,411

Ms Vicki Rundle PSM

Acting Chief Executive Officer, DCEO Participants and Planning Experience, DCEO Government, Communications and Stakeholder Engagement and DCEO Markets, Government and Engagement

374,660

0

48,735

52,674

10,178

0

0

486,247

Mr Hamish Aikman

Chief People Officer

379,432

0

57,616

50,515

9,751

0

0

497,314

Mr Oliver Bladek

DCEO Strategy Development and Chief Risk Officer and DCEO Design, Digital and Strategy

358,298

0

22,429

26,594

0

0

0

407,321

Mr Jeremy Dean

DCEO Participants and Planning Experience and DCEO Participant Experience Delivery

284,779

0

40,267

14,090

7,843

0

0

346,979

Mr Michael Francis

DCEO Participants and Planning Experience

58,126

0

12,493

9,978

1,729

0

0

82,326

Mr Ian Frew

Chief Information Officer

374,457

0

22,823

40,464

0

0

0

437,744

Ms Sarah Johnson

Scheme Actuary

462,714

0

0

0

0

0

0

462,714

Mr Scott McNaughton

Acting DCEO Government, Communications and Stakeholder Engagement

126,188

0

26,803

23,870

3,514

0

0

180,375

Ms Tracey Muddle

Head of Participant Focus

182,015

0

34,756

35,778

4,976

0

0

257,525

Ms Liz Neville

Acting Head of Markets, Provider and Sector Development

130,219

0

56,941

25,679

3,643

0

0

216,482

Mr Victor Walter

DCEO Strategy Development and Chief Risk Officer, DCEO Participants and Planning Experience and DCEO Corporate Services and Chief Financial Officer

402,117

0

61,889

21,175

10,536

0

0

495,717

Ms Melissa Woodburn

Acting DCEO Corporate Services and CFO and Chief Risk Officer

195,451

0

37,248

28,751

5,032

0

0

266,482

Total

4,711,818

0

458,367

488,941

68,988

0

0

5,728,114

Notes

1. All data is calculated on an accrual basis.

2. Where senior executives have acted in key management personnel positions their remuneration for the remainder of the year has been included in the senior executive remuneration.

3. The Agency engages some senior executives through contract arrangements that may include superannuation and long service leave entitlements. All other contract-engaged senior executives’ total contract costs are included as short-term employee benefits.

5.6.3 Senior executives

The Agency’s senior executives comprise:

  • any official classified as either a Senior Executive Band 1, Band 2 or Band 3 under the Public Service Classification Rules 2000
  • any official with a position equivalent to a Senior Executive Band 1, Band 2 or Band 3, including contractors and consultants prescribed as officials.

The average remuneration received or due to be received for each of the Agency’s senior executives who are not KMP for the year ended 30 June 2020 is summarised in the table below.

Table 5.6.3A: Average remuneration for senior executives who are not key management personnel

Senior executive remuneration

Short-term benefits

Post-
employment benefits

Other long-term benefits

Termination benefits

Total remuneration

Total remuneration bands

Number of senior executives

Average base
salary

Average bonuses

Average other benefits and allowances

Average superannuation contributions

Average long service leave

Average other long-term benefits

Average termination benefits

Average total remuneration

$0–$220,000

36

101,254

0

20,391

15,399

2,66

0

0

139,210

$220,001–$245,000

6

168,020

0

34,012

25,104

2,906

0

0

230,042

$245,001–$270,000

13

190,713

0

36,474

30,085

3,874

0

0

261,146

$270,001–$295,000

14

196,579

0

50,973

31,656

4,026

0

8,402

291,636

$295,001–$320,000

13

217,118

0

40,670

30,299

3,377

0

13,789

305,253

$320,001–$345,000

6

234,217

0

33,401

31,167

2,660

0

28,600

330,045

$345,001–$370,000

4

311,161

0

21,555

25,476

-

0

0

358,192

$370,001–$395,000

2

210,991

0

27,270

34,829

1,598

0

108,196

382,884

$395,001–$420,000

2

276,496

0

14,026

15,311

1,807

0

105,236

412,876

$420,001–$445,000

0

0

0

0

0

0

0

0

0

$445,001–$470,000

0

0

0

0

0

0

0

0

0

$470,001–$495,000

1

391,983

0

30,239

60,365

0

0

0

482,587

Notes:

1. The Agency engages some senior executives through third party contract arrangements that include superannuation entitlements. All direct contract-engaged senior executives’ total contract costs are included as short-term employee benefits.

2. The ‘Termination benefits’ column includes, but is not limited to, termination amounts (if any) pursuant to section 29 of the Public Service Act 1999 (Cth) and amounts for acceptance of an Incentive to Retire (if any) under section 37 of that Act.

5.6.4 Other highly paid staff

Other highly paid staff are officials, including contractors and consultants prescribed as officials:

  • who are neither KMP nor senior executives
  • whose total remuneration exceeds $225,000.

The average remuneration received or due to be received for each of the Agency’s other highly paid staff for the year ended 30 June 2020 is summarised in the table below.

Table 5.6.4A: Average remuneration for other highly paid staff

Short-term benefits

Post-
employment benefits

Other long-term benefits

Termination benefits

Total remuneration

Average base
salary

Average bonuses

Average other benefits and allowances

Average superannuation contributions

Average long service leave

Average other long-term benefits

Average termination benefits

Average total remuneration

102,379

0

57,514

23,164

2,826

0

46,231

232,114

124,761

0

104,305

29,873

3,175

0

0

262,114

117,454

0

55,346

33,585

3,288

0

70,230

279,903