GMHBA AnnuAL RepoRt 2010 - GMHBA Health Insurance

GMHBA Limited ABN 98 004 417 092
GMHBA Limited ABN 98 004 417 092
Notes to the Financial Statements for the year ended 30 June 2010 (continued)
13. Contingent liabilities
There are no contingent liabilities.
14. Related parties
Key Management Personnel
Under AASB 124 “Related Party Disclosures” financial disclosures will be required for the Key
Management Personnel. Under the standard Key Management Personnel (KMP) are defined
as:
“Those people having authority and responsibility for planning, directing and controlling the
activities of the entity, directly or indirectly, including any director whether (executive or
otherwise) of that entity.”
Under AASB 124, non-disclosing entities must provide a breakdown of their total remuneration of
their KMP in aggregate for the comparative period.
Compensation of Key Management Personnel - Directors
45
2010
$
2009
$
Short term benefits 332,455 312,650
No long term benefits or termination benefits were paid to Directors at balance date.
Compensation of Key Management Personnel - Management
Short term benefits 1,478,520 1,361,856
No long term benefits or other termination benefits were paid to key management personnel during
the 2009-10 financial year.
Directors
The names of persons who were Directors of the Company at any time during the financial year
are as follows:
Michael Joseph Dowling
John Charles Catford
Russell Henry Elliott
Kenneth Edward Jarvis
Gerald Miller
Sue Renkin
45
Mark William Sibree
James Edmund Walsh
Heather Louise Wellington