Final Annual Report - Health Workforce Australia

Note 13: Senior Executive Remuneration

Notes to and forming part of the financial statements for the period 1 July 2014 to 7 October 2014.

Page last updated: 18 May 2015

For the purposes of this note, HWA has defined senior executives as the Chief Executice Officer and those senior employees who report directly to the Chief Executive Officer. These employees are the only employees considered to have the capacity and responsibility for decision making that can have a significant and direct impact on the strategic direction and financial performance of HWA.

Note 13A: Senior Executive Remuneration Expenses for the Reporting Period
2015
2014
$
$
Short-term employee benefits:
Salary
-
1,424,330
Allowances
-
-
Total short-term employee benefits
-
1,424,330
Post-employment benefits:
Superannuation
-
191,145
Total post-employment benefits
-
191,145
Other long-term benefits:
Long-service leave
-
56,685
Annual leave accrued
-
46,650
Total other long-term benefits
-
103,335
Termination benefits
-
626,528
Total employment benefits
-
2,345,338
Notes:
1. Note 13A is prepared on an accrual basis.
2. Note 13A excludes acting arrangements and part-year service where total remuneration expensed for a senior executive was less than $195,000.


Note 13B: Average Annual Reportable Remuneration Paid to Substantive Senior Executives During the Reporting Period
HWA had no substantive senior executives during the period of 1 July 2014 to 7 October 2014. 
Average annual reportable remunerationı
Substantive senior executives
Reportable salary²
Contributed superannuation³
Total reportable remuneration
 
No.
$
$
$
Total remuneration (including part-time arrangements):
$225,000 to $254,999
1
227,764
21,068
248,832
$285,000 to $314,999
2
267,199
36,409
303,608
$345,000 to $374,999
1
322,917
29,870
352,787
$405,000 to $434,999
1
344,985
67,390
412,375
Total
5
Notes:
1. This table reports substantive senior executives who received remuneration during the reporting period. Each row is an averaged figure based on headcount for individuals in the band.
2. 'Reportable salary' includes the following:

    a) gross payments (less any bonuses paid, which are separated out and disclosed in the 'bonus paid' column);
    b) reportable fringe benefits (at the net amount prior to 'grossing up' for tax purposes);
    c) reportable employer superannuation contributions; and
    d) exempt foreign employment income."
3. The 'contributed superannuation' amount is the average cost to the entity for the provision of superannuation benefits to substantive senior executives in that reportable remuneration band during the reporting period.
4.There were no reportable allowances or bonuses paid during the financial year.



Note 13C: Other Highly Paid Staff
There were no highly paid staff during the period of 1 July 2014 and 7 October 2014.
Average annual reportable remunerationı
Other highly paid staff
Reportable salary²
Contributed superannuation³
Total reportable remuneration
No.
$
$
$
Total remuneration (including part-time arrangements):
$195,000 to $224,999
1
187,850
17,376
205,226
$225,000 to $254,999
1
224,595
20,775
245,370
Total
2
Notes:
1. This table reports staff:

a) who were employed by the entity during the reporting period;
b) whose reportable remuneration was $195,000 or more for the financial period; and
c) were not required to be disclosed in Tables A, B or director disclosures
Each row is an averaged figure based on headcount for individuals in the band."

2. 'Reportable salary' includes the following:

a) gross payments (less any bonuses paid, which are separated out and disclosed in the 'bonus paid' column);
b) reportable fringe benefits (at the net amount prior to 'grossing up' for tax purposes);
c) reportable employer superannuation contributions; and
d) exempt foreign employment income."

3. The 'contributed superannuation' amount is the average cost to the entity for the provision of superannuation benefits to other highly paid staff in that reportable remuneration band during the reporting period.

4.There were no 'reportable allowances' or bonuses paid during the financial year.