REMUNERATION TRIBUNAL
Explanatory Statement: Determination 2005/03Specified Statutory Officers – Remuneration and Allowances | |
1. | The Remuneration Tribunal has inquired into and determined the remuneration and significantly related matters for certain holders of public office, as it is empowered to do by the Remuneration Tribunal Act 1973. In making this determination the Tribunal has informed itself through consultation in accordance with established practice. |
| PART 1 – GENERAL |
2. | Part 1 specifies the authority for and the date of effect of the determination and revokes and supersedes the previous principal Determination (2004/09) applying to the Offices covered by this Determination. The Part also contains definitions of certain words used in the Determination. |
| PART 2 – REMUNERATION AND RELATED MATTERS |
3. | Table 1 of Clause 2.1 provides increased Base Salary and Total Remuneration (TR) effective on and from 2 May 2005 for the Specified Statutory Offices listed in the Table. The TR rates in the superseded Determination (2004/09) have been increased by 4.1 per cent following the annual review of remuneration. Base Salary (superannuable salary) is calculated at 73 per cent of TR (rounded). In the superseded Determination Base Salary was calculated at 70 per cent of TR. TR has not been adjusted to reflect the increase in superannuable salary. |
4. | The TR for Specified Statutory Officers is presently determined on the basis of an employer superannuation contribution rate of 13% of Base Salary. Table 2 of clause 2.1 increases TR, from 1 July 2005, to reflect an increase in employer superannuation contributions, deducted from TR, to 15.4%. This rate is consistent with the proposed employer contribution rate to the Public Sector Superannuation Scheme accumulation plan to be introduced on that date. This change will not entail any real increase in remuneration of office holders who are members of the current Commonwealth defined benefit superannuation schemes. |
5. | Clause 2.4 defines the amount of Superannuation Support to be deducted from the TR rates, to represent the employer superannuation liability. |
6. | Clauses 2.5 and 2.6 have been updated by increasing the amount for business related vehicle usage from $3,050 to $3,100 per annum. The rates are based on the kilometre allowance for business use of a motor vehicle. |
7. | Other provisions in Part 2 remain unchanged from those contained in Determination 2003/06 (other than minor wording changes).
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| PART 3 – OFFICIAL TRAVEL |
8. | Part 3 sets out the official travel provisions. Clause 3.1 specifies that the provisions in Determination 2004/03 apply. Clause 3.2 specifies that Specified Statutory Officers have Tier 1 travel provisions. |
| PART 4 – COMPENSATION FOR EARLY LOSS OF OFFICE |
9. | Part 4 sets out the entitlement for compensation for early loss of office. Clause 4.1 specifies that the provisions in Determination 1992/11 apply. |
| PART 5 – RECREATION LEAVE |
10. | Part 5 sets out the entitlement for recreation leave. Clause 5.1 specifies that the provisions in Determination 2002/20 apply, where the Remuneration Tribunal has the power to determine recreation leave. |
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| Authority: Sub-sections 7(3) and 7(4) |