Reserve Bank of Australia Annual Report – 1997 Financial Statements Note 12

Note 12 Cost of executives

The number of executives whose remuneration “packages”, measured in terms of costs to the Bank, fell within the following bands was:

Remuneration band	Number 1996	Number 1997
$100,000–$109,999		1
$110,000–$119,999	2
$120,000–$129,999	4	6
$130,000–$139,999	3	5
$140,000–$149,999	8	4
$150,000–$159,999	1	2
$160,000–$169,999	2
$170,000–$179,999	5	1
$180,000–$189,999	1	6
$190,000–$199,999	2	3
$200,000–$209,999	1	1
$210,000–$219,999	2
$220,000–$229,999	3	2
$230,000–$239,999		1
$240,000–$249,999		1
$250,000–$259,999		1
$260,000–$269,999		1
$300,000–$309,999	1
$310,000–$319,999	2
$340,000–$349,999		2
$380,000–$389,999		1
$400,000–$409,999		1
$460,000–$469,999	1

Total remuneration received or due and receivable by these executives amounted to $7,435 million ($6,948 million in 1995/96). Remuneration includes cash salary, the Bank's contribution to superannuation, housing assistance, motor vehicles and health insurance and the fringe benefits tax paid or payable on these benefits. The corresponding table in previous Annual Reports was prepared on a basis which did not include fringe benefits tax paid or payable.