During the year ended 30 June 2019, NHFIC had one senior executive and seven Board members who met the definition of key management personnel. Their names and the length of term as key management personnel are summarised below:

Table 7: Key management personnel

All Board members of NHFIC are appointed by the Australian Government (through the responsible Minister) on a part-time basis. The CEO is appointed by the Board on a full-time basis.

Remuneration of the CEO and fees for Board members are set through the determinations of the Australian Government Remuneration Tribunal (the Tribunal), an independent statutory body overseeing the remuneration of key Commonwealth offices. NHFIC is regulated to comply with the Tribunal’s determinations and plays no role in the consideration or determination of the CEO’s remuneration or Board member fees.

The Tribunal sets annual CEO remuneration and Chair and Board fees (exclusive of statutory superannuation contributions). The Chair fee includes all activities undertaken by the Chair on behalf of NHFIC (inclusive of committee participation), however additional fees are payable to Board members based on their appointment to Board sub-committees. Fee packaging may be made available to Board members within the fees specified. Statutory superannuation is paid in addition to the fees set by the Tribunal and the CEO also accrues long service leave.

The following table sets out the CEO remuneration and Board member fees (excluding superannuation) as directed by the Tribunal for 2018–19.

Table 8: Key remuneration and Board member fees