2007 Annual report (PDF 8.1 Mb) - University of Melbourne

NOTES TO AND FORMING PART OF THE
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2007
NOTE 33: RESPONSIBLE PRESONS AND EXECUTIVE OFFICERS (CONTINUED)
(b) REMUNERATION of Members of
COUNCIL/ Board Members
Income paid or payable, or otherwise made available, to
Members of the University Council and to Board Members of
Subsidiaries in the consolidated entity and related parties in
connection with the management of affairs of the University and
its Subsidiaries
CONSOLIDATED
UNIVERSITY
2007 2006 2007 2006
$’000 $’000 $’000 $’000
3,324 3,864 1,420 1,105
The number of Council Members and Directors of Subsidiary
companies whose remuneration from the Group fell within the
following bands:
NUMBER
NUMBER
2007 2006 2007 2006
Nil 75 75 6 8
$1-$10,000 2 8 1 -
$10,001-$20,000 11 10 10 10
$20,001-$30,000 3 2 - -
$30,001-$40,000 1 2 - -
$40,001-$50,000 - 1 - -
$50,001-$60,000 - 1 - -
$60,001-$70,000 1 3 - -
$70,001-$80,000 1 - - -
$80,001-$90,000 1 1 1 1
$100,001-$110,000 1 3 - -
$150,001-$160,000 - 2 - -
$160,001-$170,000 1 - - -
$170,001-$180,000 1 - - -
$180,001-$190,000 1 2 1 -
$190,001-$200,000 1 - - -
$200,001-$210,000 1 2 1 1
$270,001-$280,000 - 1 - -
$290,001-$300,000 1 - - -
$330,001-$340,000 - 1 - -
$670,001-$680,000 1 1 - 1
$760,001-$770,000 1 - 1 -
104 115 21 21
As a responsibility of office, one executive included above occupies a residence owned by the University. The residence is required to be
available and used regularly for official University functions and promotional activities. The value of this benefit including associated costs is
$136,065 (2006 $135,519).
Members of the University Council are remunerated for their service. Certain members elect to donate part or all of this remuneration to
the University.