People and relationships (continued)
3.2 Key Management Personnel Remuneration
Key management personnel are those persons having authority and responsibility for planning, directing and controlling
the activities of the Commission. The Commission has determined the key management personnel to be the President,
Commissioners and Chief Executive.
Short-term employee benefits
Post-employment benefits
Other long-term employee benefits
Total key management personnel remuneration expenses
1
2024
$’000
2023
$’000
2,654
3,228
237
252
64
91
2,955
3,571
The total number of key management personnel that are included in the above table are 13 (2023: 9). Nine key management
personnel were in their position for part of the financial year only. The reduction in remuneration expenses in 2023-24 reflects
significant periods of vacant Commissioner roles. Other long-term employee benefits results from the movement in accrued
long service leave balances for the period.
1. The above key management personnel remuneration excludes the remuneration and other benefits of the Portfolio
Minister. The Portfolio Minister’s remuneration and other benefits are set by the Remuneration Tribunal and are not paid
by the Commission.
3.3 Related Party Disclosures
Related party relationships:
The Commission is an Australian Government controlled entity. Related parties to the Commission are Key Management
Personnel and other Australian Government entities.
Transactions with related parties:
Given the breadth of Government activities, related parties may transact with the government sector in the same capacity as
ordinary citizens. Such transactions include the payment or refund of taxes, receipt of a Medicare rebate or higher education
loans. These transactions have not been separately disclosed in this note.
Significant transactions with related parties can include:
• the payments of grants or loans;
• purchases of goods and services;
• asset purchases, sales transfers or leases;
• debts forgiven; and
• guarantees.
Giving consideration to relationships with related entities, and transactions entered into during the reporting period by the
Commission, it has been determined that there are no related party transactions to be separately disclosed.
Annual Report 2023–2024 • 77