Australia Post Annual Report 2008–09
Australia Post Annual Report 2008–09
Australia Post Annual Report 2008–09
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Notes to and forming part of the Financial <strong>Report</strong> for the year ended 30 June 2009<br />
27 Key management personnel remuneration and retirement benefits (continued)<br />
(e) Compensation of key management personnel<br />
The remuneration received or due and receivable directly or indirectly by the corporation’s directors and executives was as follows.<br />
Year ended 30 June 2009<br />
Directors<br />
David Mortimer<br />
Mark Birrell<br />
Graeme John<br />
Margaret Gibson<br />
Sandra McPhee<br />
Thomas Phillips<br />
Ian Warner<br />
Mark Darras<br />
William Mansfield<br />
Executives<br />
Alec Ceselli (5)<br />
Mark Howard<br />
James Marshall<br />
Rodney McDonald<br />
Peter Meehan<br />
Bill Mitchell<br />
Terry Sinclair<br />
96<br />
Cash salary (1)<br />
$<br />
162,475<br />
85,685<br />
1,400,821<br />
94,560<br />
60,185<br />
30,514<br />
85,685<br />
51,137<br />
51,137<br />
At-risk<br />
component (2)<br />
$<br />
–<br />
–<br />
604,151<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
<strong>Australia</strong> <strong>Post</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2008–09</strong> | Financial and statutory reports<br />
Short-term<br />
benefits<br />
Non-monetary<br />
benefits (3)<br />
$<br />
3,847<br />
4,579<br />
175,133<br />
–<br />
1,979<br />
2,004<br />
4,637<br />
–<br />
–<br />
<strong>Post</strong>employment<br />
benefits<br />
Superannuation<br />
benefits (4)<br />
$<br />
23,234<br />
12,253<br />
337,871<br />
13,522<br />
8,607<br />
4,363<br />
12,253<br />
7,313<br />
7,313<br />
Other<br />
long-term<br />
benefits<br />
Long-service<br />
leave<br />
$<br />
–<br />
–<br />
57,734<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
Termination<br />
benefits<br />
Termination<br />
$<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
Total<br />
$<br />
189,556<br />
102,517<br />
2,575,710<br />
108,082<br />
70,771<br />
36,881<br />
102,575<br />
58,450<br />
58,450<br />
2,022,199 604,151 192,179 426,729 57,734 – 3,302,992<br />
273,499<br />
458,740<br />
672,906<br />
385,537<br />
517,505<br />
511,621<br />
510,487<br />
–<br />
190,339<br />
279,802<br />
169,354<br />
221,290<br />
230,714<br />
220,896<br />
32,239<br />
3,539<br />
1,017<br />
25,471<br />
25,621<br />
102,558<br />
18,394<br />
55,070<br />
89,294<br />
131,049<br />
79,304<br />
103,694<br />
107,928<br />
98,294<br />
11,194<br />
14,226<br />
35,032<br />
14,750<br />
15,999<br />
31,358<br />
18,758<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
372,002<br />
756,138<br />
1,119,806<br />
674,416<br />
884,109<br />
984,179<br />
866,829<br />
3,330,295 1,312,395 208,839 664,633 141,317 – 5,657,479<br />
Total key management<br />
personnel 5,352,494 1,916,546 401,018 1,091,362 199,051 – 8,960,471<br />
(1) Included in cash salary are movements in the executives’ annual leave entitlement and allowances paid in cash.<br />
(2) Represents a cash incentive reward that is payable subject to the employee meeting or exceeding specific key annual business objectives linked to the annual business plan<br />
at a corporate and individual level.<br />
(3) Non-monetary benefits include spouse travel, motor vehicles and other expenses paid on behalf of the directors and executives.<br />
(4) The above amount for superannuation reflects the benefit to be received by the directors and executives (calculated at 14.3% of the directors’ and executives’ salary for<br />
superannuation purposes) and cannot decrease from previous years.<br />
(5) Compensation reflects the period of the year the executive occupied a key management position.
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