CQUniversity Annual Report - Central Queensland University

44Central Queensland Universityand Controlled EntitiesNotes to the Financial Statementsfor the year ended 31 December 2012Note 32. Key Management personnel and remuneration (continued)(c) Remuneration of Council and Board MembersCentral Queensland University Council members do not receive any remuneration for attendance at Council meetings oractivities. The University does accept financial responsibility for travel costs related to University meetings and activities.Board members of Australian International Campuses Pty Ltd, CQU Travel Centre Pty Ltd, Health Train Education ServicesPty Ltd and CQU Institute of Higher Learning Pte Ltd receive no remuneration from the company or the Group in return fortheir efforts in the discharge of their responsibilities in those positions.C Management Services Pty Ltd's Shareholder determines the aggregate amount of Directors Fees or remuneration.Directors Fees are allocated among the Non-Executive Directors as the Board determines and do not, in any financial year,exceed in aggregate the amount last determined by the Company's Shareholder. Remuneration of Directors was lastreviewed by the Board on 28 November 2012.Remuneration packages for Board personnel comprise the following components:-C Management Services Pty LtdShort-term employee benefitsPost-employment benefitsOther long-term benefitsTermination benefits2012 2011$ $208,607 213,58617,865 19,222- -- -226,472 232,8082012 C Management Services Pty LtdPositionChairman of the Board *Board Member (1)Board Member (2)Board Member (3)Board Member (4)Short term EmployeeBenefitsBase$'000Non-MonetaryBenefits$'000Long TermEmployeeBenefitsPostEmploymentBenefitsTerminationBenefitsTotalRemuneration$'000 $'000 $'000 $'000- - - - - -53 - - 4 - 5752 - - 5 - 5752 - - 5 - 5752 - - 5 - 57209 - - 18 - 227* The Chairman of the Board is an employee of Central Queensland University (the Company's ultimate shareholder) and isnot paid Director's fees.