RMG-139 has been updated. There are no policy changes in this update. The updates include:
- tightening the language and flow of the guide and updating reporting examples based on feedback.
- minor formatting changes.
For more information, please contact DAR@finance.gov.au.
Finance has developed template documents for annual reports. These templates are intended to support entities and companies in meeting the minimum requirements of the PGPA framework, streamline annual report and corporate planning processes across Commonwealth entities and companies, and improve the consistency and quality of reporting. A Commonwealth company annual report template is available under Tools and templates. The use of the template is not mandatory, it is a guide only.
RMGs are guidance documents. The purpose of an RMG is to support PGPA Act entities and companies in meeting the requirements of the PGPA framework. As guides, RMGs explain the legislation and policy requirements in plain English. RMGs support accountable authorities and officials to apply the intent of the framework. It is an official’s responsibility to ensure that Finance guidance is monitored regularly for updates, including changes in policy/requirements.
Audience
This guide is for officials in Commonwealth companies who are responsible for preparing executive remuneration information for annual reports.
Key points
To provide transparency and accountability, Commonwealth companies are required to disclose executive remuneration arrangements in annual reports.
This guide outlines:
- What must be reported for key management personnel (KMP)
- How to report remuneration policies and practices
- What employment arrangements need to be included
- How to request an exemption from reporting requirements.
Resources
Related resources including examples, related guidance, links, and legislation are located in the right-hand menu.
Treatment of common remuneration items
Provides further guidance on how common remuneration items should be categorised in accordance with the 4 main categories and sub-categories identified in Schedule 3 of the PGPA Rule and is available under Tools and templates.
Example of remuneration disclosure table for KMP
Provides an example of reporting remuneration information in the KMP disclosure table, in accordance with Schedule 3 of the PGPA Rule. The example is available under Tools and templates.
Reporting requirements for Commonwealth entities are set out RMG-138 Commonwealth entities executive remuneration reporting guide for annual reports under Resource Management Guides in the right-hand menu.
Key information to assist you in meeting your executive remuneration reporting requirements
