Reserve Bank of Australia Annual Report – 1995 Financial Statements Remuneration of Executives

Note 12 Remuneration of Executives

The number of executives whose remuneration “packages” fell within the following bands was:

Remuneration band	Number
	1993/94	1994/95
$100,000–$109,999	3	3
$110,000–$119,999	2	2
$120,000–$129,999	1	1
$130,000–$139,999	3*	2
$140,000–$149,999	–	1
$150,000–$159,999	3	6
$160,000–$169,999	5	2
$170,000–$179,999	4	1
$180,000–$189,999		1
$190,000–$199,999	3*	5
$200,000–$209,999	2	2
$280,000–$289,999	1	2
$290,000–$299,999	1
$420,000–$429,999	1
$430,000–$439,999		1
* Includes accumulated entitlements previously provided for and paid to executives leaving the Bank's service.

Total remuneration received or due and receivable by these executives amounted to $5.112 million ($5.051 million in 1993/94). Remuneration is measured on the basis of the clarification issued on 22 June 1994 by the Australian Securities Commission and includes cash salary, the Bank's contribution to superannuation, housing assistance, motor vehicles, health insurance and other benefits subject to fringe benefits tax. Data for 1993/94 have been revised to take account of the payment of a back-dated salary increase.