The Finance Minister has the power to exempt a Commonwealth entity from one or more of the executive remuneration reporting requirements.
The Finance Minister may require the executive remuneration exemption information to be provided to a person or body specified in the exemption. For example, the Finance Minister may require the information to be provided to another Minister or a Parliamentary committee.
The exemption is established by a disallowable legislative instrument. The exemption, and any requirement to give the information to a person or body, must be noted in the Commonwealth entity’s annual report.
The diagram below outlines the process to be followed in the event an entity wishes to seek an exemption from one or more executive remuneration reporting requirement.