Key management personnel (KMP) are those persons having authority and responsibility for planning, directing and controlling the activities of Finance. Finance has determined the KMP to be the Finance Minister, the Assistant Minister for Finance and the members of the Finance Executive Board which includes the Secretary, Deputy Secretaries and two SES on a rotational basis. KMP remuneration is reported in the table below.
| Departmental | ||
| 30 June 2018 | 30 June 2017 | |
| $’000 | $’000 | |
| Short-term employee benefits | ||
| Salary | 2,200,814 | 2,392,122 |
| Executive vehicle scheme | 163,016 | 197,523 |
| Other benefits | 7,193 | 7,520 |
| Total short-term employee benefits | 2,371,023 | 2,597,165 |
| Post-employment benefits | ||
| Superannuation | 424,803 | 427,551 |
| Total post-employment benefits | 424,803 | 427,551 |
| Other long-term benefits | ||
| Annual leave | 299,350 | 266,823 |
| Long service leave | 104,303 | 225,281 |
| Total other long-term benefits | 403,653 | 492,104 |
| Total termination benefits | - | - |
| Total key management personnel remuneration1 | 3,199,479 | 3,516,820 |
| Number of key management personnel included in the table above2 | 10 | 10 |
1 The above KMP remuneration excludes the remuneration and other benefits of the Finance Minister and the Assistant Minister for Finance whose remuneration and other benefits are set by the Remuneration Tribunal and are not paid by Finance.
2 Represents the total number of persons who held a KMP position during the year, or part thereof.
