RMG-138 has been updated. There are no policy changes. The updates include:
• updated threshold remuneration amount and reporting table for ‘other highly paid staff’ for the 2024–25 reporting period (changes each year)
• inclusion of a ‘senior executives’ reporting table with the relevant total remuneration bands (does not change)
• updated guidance on how to report executive remuneration in the body of the annual report and the data templates in the Digital Annual Reporting Tool
• minor formatting changes.
For more information, please contact DAR.
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 will assist officials in Commonwealth entities (non-corporate Commonwealth entities and corporate Commonwealth entities) responsible for reporting executive remuneration information in annual reports.
Key points
To provide transparency and accountability, Commonwealth entities and companies are required to disclose executive remuneration arrangements in annual reports. Commonwealth entities and companies are also required to report this information in whole of government data sets on the Transparency Portal.
This guide outlines:
- the requirements and provides guidance for reporting remuneration details for:
- key management personnel (KMP)
- senior executives
- other highly paid staff (OHPS).
- the requirements for reporting the policies and practices of the entity regarding executive remuneration
- the employment arrangements to include in the disclosure tables
- the process for a Commonwealth entity seeking an exemption from executive remuneration reporting requirements.
Resources
Related resources including examples, related guidance, links, the Public Governance, Performance and Accountability Act 2013 and Public Governance, Performance and Accountability Rule 2014 (PGPA Rule) and other 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.
Examples of remuneration disclosure tables
Provides examples of reporting remuneration information in the disclosure tables for KMP, senior executives and OHPS, in accordance with Schedule 3 of the PGPA Rule. It also provides tips on how to enter remuneration information into the template so that all executive remuneration is reported consistently in the Transparency Portal. The examples are available under Tools and templates.
For further information on using data templates, including reporting negative figures, refer to RMG-135 Annual reports for non-corporate Commonwealth entities and RMG-136 Annual reports for corporate Commonwealth entities available under Resource Management Guides in the right-hand menu.
Executive remuneration reporting by Commonwealth companies for annual reports is covered in RMG-139 Commonwealth companies executive remuneration reporting guide for annual reports available under Resource Management Guides in the right-hand menu.
Key information to assist you in meeting your executive remuneration reporting requirements
