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Note 10: Key Management Personnel Remuneration

Key management personnel are those persons having 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. The entity has determined the key management personnel to be the Administrator and CEO. Key management personnel remuneration is reported in the table below:

2021 $

2020 $

Total expenses recognised in relation to Key Management Personnel

Short-term employee benefits

443,257

459,182

Post-employment benefits

55,545

55,238

Other long-term employee benefits

15,052

14,482

TOTAL KEY MANAGEMENT PERSONNEL REMUNERATION EXPENSES

513,854

528,902

Notes:

The total number of key management personnel that are included in the above table is 2 (2019-20: 2).

The above key management personnel remuneration excludes the remuneration and other benefits of the Responsible Minister. The Responsible Minister's remuneration and other benefits are set by the Remuneration Tribunal and are not paid by the NHFB.