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Related Party Transactions

4. RELATED PARTY RELATIONSHIPS

The entity is an Australian Government controlled entity. Related parties to this entity are Directors, Key Management Personnel including the Minister for Defence Personnel and Chief of Air Force, the RAAF Central Welfare Trust Fund and other Australian Government entities.

DIRECTORS

The names of each person holding the position of Director of the Company during the financial year are:

AIR COMMODORE

Phillip Theodoor Tammen, AM

GROUP CAPTAIN

Debbie Richardson

WING COMMANDER

Bruce Francis Perry

WING COMMANDER

Owen Alexander Gardner

SQUADRON LEADER

Sally Maynard

FLIGHT LIEUTENANT

Jennifer Jones

WARRANT OFFICER

Ann Larsen

TRANSACTIONS WITH RELATED PARTIES

Directors who utilised holiday accommodation declared such use and paid the rates applicable to all other eligible users. During the year, the Chief of Air Force has authorised the appointment of new Directors and terminated the appointments of outgoing Directors. The Minister for Defence Personnel approved the tabling of the 17/18 Annual Report. Two directors conducted a site inspection of Ambassador Apartments (Gold Coast). No accommodation fees were incurred and no allowances or expenses were claimed or paid by the Trust to Directors for the inspection visit.

The Company acts solely as trustee for the RAAF Central Welfare Trust Fund. Also refer to Overview a., b. and