Document ID: chunk:federal_register_of_legislation:C2013C00428:clause:1_148a:p1
Version: federal_register_of_legislation:C2013C00428
Segment Type: clause
Provision Reference: sch 1 cl 148A (pt 1/3)
Character Range: 27669–30297

148A  Rules to require disclosure of remuneration paid to officers

Disclosure by officers
 (1) The rules of an organisation must require the disclosure, by each officer of the organisation, to the organisation of any remuneration paid to the officer:
 (a) because the officer is a member of a Board, if:
 (i) the officer is a member of the Board only because the officer is an officer of the organisation; or
 (ii) the officer was nominated for the position of member of the Board by the organisation, a branch of the organisation or a peak council; or
 (b) by a related party of the organisation, in connection with the performance of the officer's duties as an officer.
 (2) The rules of a branch of an organisation must require the disclosure, by each officer of the branch, to the branch of any remuneration paid to the officer:
 (a) because the officer is a member of a Board, if:
 (i) the officer is a member of the Board only because the officer is an officer of the branch; or
 (ii) the officer was nominated for the position of member of the Board by the organisation, a branch of the organisation or a peak council; or
 (b) by a related party of the branch, in connection with the performance of the officer's duties as an officer.
 (3) Rules made under subsection (1) or (2) must:
 (a) require that such disclosure is made as soon as practicable after the remuneration is paid to the officer; and
 (b) provide for the manner of such disclosure.

Disclosure by organisation or branch
 (4) The rules of an organisation must require the disclosure, to the members of the organisation and its branches, of:
 (a) the identity of each officer of the organisation who, when all officers of the organisation are ranked by relevant remuneration for the disclosure period (from highest to lowest), is ranked no lower than fifth; and
 (b) for each of those officers:
 (i) the information in relation to the officer's relevant remuneration for the disclosure period that is required by rules made under subsection (6); and
 (ii) the information in relation to the officer's relevant non‑cash benefits for the disclosure period that is required by rules made under subsection (7).
 (5) The rules of a branch of an organisation must require the disclosure, to the members of the branch, of:
 (a) the identity of each officer of the branch who, when all officers of the branch are ranked by relevant remuneration for the disclosure period (from highest to lowest), is ranked no lower than second; and
 (b) for both of those officers:
 (i) the information in relation to the officer's relevant remuneration for the disclosure period