Australia Post Annual Report 2008–09
Australia Post Annual Report 2008–09
Australia Post Annual Report 2008–09
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27 Key Management personnel remuneration and retirement benefits (continued)<br />
(e) Compensation of key management personnel (continued)<br />
Year ended 30 June 2008 (6)<br />
Directors<br />
David Mortimer<br />
Mark Birrell<br />
Graeme John<br />
Margaret Gibson<br />
Peter McLaughlin<br />
Sandra McPhee<br />
Thomas Phillips<br />
Ian Warner<br />
Executives<br />
Alec Ceselli<br />
Mark Howard<br />
James Marshall<br />
Rodney McDonald<br />
Peter Meehan<br />
Bill Mitchell<br />
Terry Sinclair (5)<br />
Cash salary (1)<br />
$<br />
155,765<br />
82,145<br />
1,333,322<br />
90,650<br />
67,604<br />
82,145<br />
73,640<br />
82,145<br />
At-risk<br />
component (2)<br />
$<br />
–<br />
–<br />
1,064,560<br />
–<br />
–<br />
–<br />
–<br />
–<br />
Short-term<br />
benefits<br />
Non-monetary<br />
benefits (3)<br />
$<br />
1,856<br />
–<br />
71,571<br />
–<br />
–<br />
–<br />
1,883<br />
–<br />
<strong>Post</strong>employment<br />
benefits<br />
Superannuation<br />
benefits (4)<br />
$<br />
22,274<br />
11,747<br />
337,871<br />
12,963<br />
9,667<br />
11,747<br />
10,531<br />
11,747<br />
Other<br />
long-term<br />
benefits<br />
Long-service<br />
leave<br />
$<br />
–<br />
–<br />
83,479<br />
–<br />
–<br />
–<br />
–<br />
–<br />
Termination<br />
benefits<br />
Termination<br />
$<br />
Total<br />
$<br />
<strong>Australia</strong> <strong>Post</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2008–09</strong> | Financial and statutory reports 97<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
179,895<br />
93,892<br />
2,890,803<br />
103,613<br />
77,271<br />
93,892<br />
86,054<br />
93,892<br />
1,967,416 1,064,560 75,310 428,547 83,479 – 3,619,312<br />
377,277<br />
428,522<br />
655,176<br />
390,119<br />
484,607<br />
504,735<br />
243,164<br />
44,328<br />
238,544<br />
350,664<br />
212,244<br />
277,334<br />
289,144<br />
149,763<br />
48,358<br />
3,648<br />
1,175<br />
4,847<br />
4,323<br />
88,760<br />
32,359<br />
55,070<br />
89,294<br />
131,049<br />
79,304<br />
103,694<br />
107,928<br />
53,415<br />
15,281<br />
15,673<br />
57,367<br />
21,029<br />
29,277<br />
63,413<br />
5,327<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
–<br />
540,314<br />
775,681<br />
1,195,431<br />
707,543<br />
899,235<br />
1,053,980<br />
484,028<br />
3,083,600 1,562,021 183,470 619,754 207,367 – 5,656,212<br />
Total key management<br />
personnel 5,051,016 2,626,581 258,780 1,048,301 290,846 – 9,275,524<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.<br />
(6) Where necessary, comparatives have been restated for consistency with current-year disclosures or to reflect the availability of more accurate information.
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