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Annual Reports
- Annual Report 2021 - 2022
- Annual Report 2020 - 2021
- Annual Report 2019 - 2020
- Annual Report 2018 - 2019
- Annual Report 2017 - 2018
- Annual Report 2016 - 2017
- Annual Report 2015 - 2016
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Annual Report 2013 - 2014
- Letter of Transmittal
- Section 1: Strategic Overview
- Section 2: Programme Reporting and Performance Summaries
- Section 3: Report of Operations
- Section 4: Corporate Governance and Accountability
- Section 5: Financial Statements
- Section 6: Appendices
- Section 7: Compliances Indexes
- Section 8: Glossary and Indexes
- Index
- Annual Report 2014 - 2015
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Annual Report 2012 - 2013
- Letter of Transmittal
- Section 1: Strategic Overview
- Section 2: Program Reporting and Performance Summaries
- Section 3: Report of Operations
- Section 4: Corporate governance and accountability
- Section 5: Financial Statements
- Section 6: Appendices
- Section 7: Compliance Indexes
- Section 8: Glossary and Indexes
- Index
- Annual Report 2011 - 2012
- Annual Report 2010 - 2011
- Accountability and Reporting
- TSRA News & Media
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Annual Reports
TORRES STRAIT REGIONAL AUTHORITY
Notes to and forming part of the financial statements for the period ended 30 June 2014
Note 14: Senior Executive Remuneration
Note 14A: Senior Executive Remuneration Expenses for the Reporting Period | ||
2014 $ | 2013 $ | |
Short-term employee benefits | ||
Salary | 816,906 | 954,775 |
Remote area and other allowances | 140,200 | 156,682 |
Total short-term employee benefits | 957,106 | 1,111,457 |
Post-employment benefits | ||
Superannuation | 143,215 | 165,052 |
Total post-employment benefits | 143,215 | 165,052 |
Other long-term employee benefits | ||
Annual Leave Accrued | 129,884 | 110,153 |
Long-service leave | 18,637 | 38,484 |
Total other long-term employee benefits | 148,521 | 148,637 |
Total senior executive remuneration expenses | 1,248,842 | 1,425,146 |
Notes
1. Note 14A was prepared on an accrual basis (therefore the performance bonus expenses disclosed above differ from the cash 'Bonus paid' in Note 14B).
2. Note 14A excludes acting arrangements and part-year service where remuneration expensed was less than $195,000
TORRES STRAIT REGIONAL AUTHORITY
Notes to and forming part of the financial statements for the period ended 30 June 2014
Note 14B: Average Annual Reportable Remuneration Paid to Substantive Senior Executives during the Reporting Period
Average annual reportable remuneration paid to substantive senior executives in 2014
Average annual reportable remuneration1 | Substantive senior executives No. | Reportable salary2 $ | Contributed superannuation3 $ | Reportable allowances4 $ | Bonus paid5 $ | Total reportable remuneration $ |
Total reportable remuneration (including part-time arrangements) | ||||||
less than $195,000 | 4 | 128,260 | 17,002 | - | - | 145,262 |
$195,000 to $224,999 | 2 | 177,175 | 24,968 | - | - | 202,143 |
$225,000 to $254,999 | 1 | 211,366 | 27,690 | - | - | 239,056 |
Total number of substantive senior executives | 7 |
Average annual reportable remuneration paid to substantive senior executives in 2013
Average annual reportable remuneration1 | Substantive senior executives No. | Reportable salary2 $ | Contributed superannuation3 $ | Reportable allowances4 $ | Bonus paid5 $ | Total reportable remuneration $ |
Total reportable remuneration (including part-time arrangements) | ||||||
less than $195,000 | 6 | 123,115 | 19,753 | - | - | 142,869 |
$195,000 to $224,999 | 1 | 188,137 | 22,588 | - | - | 210,726 |
$225,000 to $254,999 | 1 | 208,744 | 32,484 | - | - | 241,228 |
Total number of substantive senior executives | 8 |
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' to account for tax benefits);
c) exempt foreign employment income; and
d) salary sacrificed benefits.
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. 'Reportable allowances' are the average actual allowances paid as per the 'total allowances' line on individuals' payment summaries.
5. 'Bonus paid' represents average actual bonuses paid during the reporting period in that reportable remuneration band. The 'bonus paid' within a particular band may vary between financial years due to various factors such as individuals commencing with or leaving the entity during the financial year.
6. Various salary sacrifice arrangements were available to senior executives including superannuation, motor vehicle and expense payment fringe benefits. Salary sacrifice benefits are reported in the 'reportable salary' column, excluding salary sacrificed superannuation, which is reported in the 'contributed superannuation' column.
Note 14C: Average Annual Reportable Remuneration Paid to Other Highly Paid Staff during the Reporting Period
There were no other employees where total remuneration exceeded $195,000.