Reserve Bank of Australia Annual Report – 1998 Financial Statements Note 11 – Cost of executives

The number of executives whose remuneration “packages”, measured in terms of costs to the Bank, fell within the following bands was:

Remuneration band	Number 1997	Number 1998
$100,000 – $109,999	1	1
$120,000 – $129,999	6	2
$130,000 – $139,999	5	7
$140,000 – $149,999	4	3
$150,000 – $159,999	2	4
$160,000 – $169,999		1
$170,000 – $179,999	1	2
$180,000 – $189,999	6	2
$190,000 – $199,999	3	4
$200,000 – $209,999	1
$220,000 – $229,999	2	2
$230,000 – $239,999	1	3
$240,000 – $249,999	1	2
$250,000 – $259,999	1
$260,000 – $269,999	1
$280,000 – $289,999		1
$290,000 – $299,999		1
$330,000 – $339,999		1
$340,000 – $349,999	2
$380,000 – $389,999	1
$400,000 – $409,999	1*
$430,000 – $439,999		1
* Less than full year at relevant salary level.

Total remuneration received or due and receivable by these executives amounted to $7.021 million ($7.435 million in 1996/97). Remuneration includes cash salary, the Bank's contribution to superannuation, housing assistance, motor vehicles and health insurance and the fringe benefits tax paid or payable on these benefits.