Indemnity insurance The Commission effected Directors’ and Officers’ Liability and Professional Indemnity insurance cover during the financial year in respect of the liability or costs of Board members and employees. 16 Employee remuneration The Commission, as a Crown entity, is required to disclose certain remuneration information in its annual report. In essence, the information to be reported is the number of employees receiving total remuneration of $100,000 or more per annum. Total remuneration includes end of contract payments such as notice pay and accrued leave entitlements but excludes cessation payments. In compliance, the table below has been produced, which is in $10,000 bands to preserve the privacy of individuals. Because Commissioners are not employees of the Commission they have been excluded from the table. Remuneration of employees over $100,000 per annum Total remuneration p.a. Number of employees 2016 2015 $100,000 - $110,000 3 8 $110,001 - $120,000 4 3 $120,001 - $130,000 - - $130,001 - $140,000 1 3 $140,001 - $150,000 - - $150,001 - $160,000 6 1 $160,001 - $170,000 1 2 $170,001 - $180,000 - - $180,001 - $190,000 - - $190,001 - $200,000 - - $200,001 - $210,000 - - $210,001 - $220,000 - - $220,001 - $230,000 1 1 $230,001 - $240,000 1 - $240,001 - $250,000 - - $250,001 - $260,000 - - $260,001 - $270,000 - - $270,001 - $280,000 - 1 Cessation payments During the year ended 30 June 2016 payments totaling $245,000 were made to 6 employees in relation to their cessation of employment (2015: 7 employees, total $234,410). Annual Report 2016 63