TOURISM VICTORIA ANNUAL REPORT

notes to the financial statements
30 june 2008 (continued)
Note 17. Remuneration of executives
The number of executive officers, other than Ministers and
the Accountable Officer, and their total remuneration during
the reporting period are shown in the first two columns in
the table below in their relevant income bands. The base
remuneration of executive officers is shown in the third and
fourth columns. Base remuneration is exclusive of bonus
payments, long service leave payments, redundancy payments
and retirement benefits.
Although the number of executives within Tourism Victoria
during the year was less than the previous reporting period,
total remuneration increased. For the majority of 2006/7 there
were only 5 executives. Two executives were appointed in late
June 2007. In 2007/8 executives were remunerated for the full
year. As a result total remuneration increased in 2007/8.
Income Band Total Renumeration Base Renumeration
2008 2007 2008 2007
No. No. No. No.
$0 – $9,999 – 1 – 1
$10,000 – $19,999 – 1 – 1
$120,000 – $129,999 – – 1 –
$150,000 – $159,999 – 1 – 2
$160,000 – $169,999 – 1 2 2
$170,000 – $179,999 3 2 2 1
$180,000 – $189,999 3 1 1 –
Total numbers 6 7 6 7
Total amount $1,069,849 $876,049 $983,098 $829,951
Note 18. Remuneration of auditors
2008 2007
$ $
Victorian Auditor General’s Office
Audit of the financial report 20,000 20,000
20,000 20,000
Note 19. Subsequent Events
There were no subsequent events as at balance date which are
required to be brought to account or disclosed.
96 FINANCIAL REPORT 2007–2008