Reserve Bank of Australia Annual Report – 1996 Financial Statements Remuneration of Executives

Note 12 Remuneration of Executives

The number of executives whose remuneration “packages” fell within the following bands was:

Remuneration band	Number
	1994/95	1995/96
$100,000–$109,999	3	2
$110,000–$119,999	2	4
$120,000–$129,999	1	5
$130,000–$139,999	2	1
$140,000–$149,999	1
$150,000–$159,999	6	4
$160,000–$169,999	2	4
$170,000–$179,999	1	2
$180,000–$189,999	1
$190,000–$199,999	5	3
$200,000–$209,999	2	2
$210,000–$219,999		1
$230,000–$239,999		1
$280,000–$289,999	2	2
$430,000–$439,999	1
$440,000–$449,999		1

Total remuneration received or due and receivable by these executives amounted to $5.521 million ($5.112 million in 1994/95). Remuneration is measured on the basis of a clarification issued by the Australian Securities Commission and includes cash salary, the Bank's contribution to superannuation, housing assistance, motor vehicles, health insurance and other benefits subject to fringe benefits tax.