Amounts relating to ministers are reported in the financial statements of the Department of Parliamentary Services. For information regarding related party transactions of ministers, the register of members’ interests is publicly available from:

###### www.parliament.vic.gov.au/publications/register-of-interests.

#### 9.7 Remuneration of executives

The number of executive officers, other than Ministers and accountable officers, and their total remuneration during the reporting period are shown in the table on the following page. Total annualised employee equivalents provides a measure of full time equivalent executive officers over the reporting period. Remuneration comprises employee benefits (as defined in AASB 119 Employee Benefits) in all forms of consideration paid, payable or provided by the entity, or on behalf of the entity, in exchange for services rendered. Accordingly, remuneration is determined on an accrual basis, and is disclosed in the following categories. Short-term employee benefits employee benefits include amounts such as wages, salaries, annual leave or sick leave that are usually paid or payable on a regular basis, as well as non-monetary benefits such as allowances and free or subsidised goods or services. Post-employment benefits benefits include pension and other retirement benefits paid or payable on a discrete basis when employment has ceased. Termination benefits benefits include termination of employment payments, such as severance packages. Several factors affected total remuneration payable to executives over the year. A number of employment contracts were completed and renegotiated and a number of executive officers retired, resigned or were retrenched in the past year. This has had a significant impact on remuneration figures for the termination benefits category. Other long-term benefits long-term benefits include long service leave, other long service benefits or deferred compensation. Several factors affected total remuneration payable to executives over the year. A number of employment contracts were completed and renegotiated and a number of executive officers retired, resigned or were retrenched in the past year. This has had a significant impact on remuneration figures for the termination benefits category.

###### Remuneration (ii) Remuneration (ii) of executive officers (including Key Management Personnel disclosed in Note 9.8)

($ thousand)
Total remuneration
2019
Short-term employee benefits	12,161
Post-employment benefits	1,016
Other long-term benefits	276
Termination benefits	390
Total Total remuneration	13,843

Total number of executives	140
Total Total annualised employee equivalent (AEE)	56.2
i. The total number of executive officers includes persons who meet the definition of Key Management Personnel (KMP) of the entity under AASB 124 Related Party Disclosures and are also reported within the related parties note disclosure (Note 9.8). ii. This table includes VPS employees acting in vacant executive officer positions during the reporting period. iii. Annualised employee equivalent is based on the time fraction worked over the reporting period for 2018–19 hence the number is comparatively less than the total number of executives.

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DJPR Annual Report 2018–19