Reserve Bank of Australia Annual Report – 2000 Financial Statements Note 12 – Remuneration of Executives

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

Remuneration band	Number 2000	Number 1999
$110,000 – $119,999	1	2
$120,000 – $129,999		2
$130,000 – $139,999	1	6
$140,000 – $149,999	1	4
$150,000 – $159,999	8	5
$160,000 – $169,999	4
$170,000 – $179,999	4
$180,000 – $189,999		1
$190,000 – $199,999		2
$200,000 – $209,999		5
$210,000 – $219,999	8
$230,000 – $239,999	1	1
$240,000 – $249,999		3
$250,000 – $259,999		1
$260,000 – $269,999	5
$300,000 – $309,999		1
$310,000 – $319,999	1
$450,000 – $459,999		1
$470,000 – $479,999	1

Total remuneration received or due and receivable by these 35 executives amounted to $7.073 million (34 executives totalling $6.316 million in 1998/99). Remuneration includes cash salary, the RBA's contribution to superannuation, housing assistance, motor vehicles, car parking and health insurance and the fringe benefits tax paid or payable on these benefits. Remuneration excludes amounts paid to executives posted outside Australia for the whole or part of the financial year. Remuneration includes amounts paid to executives who are also members of the Bank Board (refer Note 14).

Termination payments of $0.048 million were made to executives who resigned or retired during 1999/2000 ($0.941 million in 1998/99); these payments are not reflected in the above table.