Document ID: chunk:federal_register_of_legislation:F2023L01348:reg:6
Version: federal_register_of_legislation:F2023L01348
Segment Type: reg
Provision Reference: reg 6
Character Range: 46146–48124

6  Total severance payments

Deferred and adjusted variable remuneration
72.         An APRA-regulated entity must disclose deferred and adjusted variable remuneration in Table 4. Disclosures for the purposes of Table 4 must include:
(a)          for column A: total deferred variable remuneration net of downward-adjustments as at the end of the financial year. This must reflect current financial year awards and prior financial years' awards that have not yet satisfied all conditions; and
(b)          for column B: total paid and vested variable remuneration outcomes (i.e. not deferred) net of downward adjustments during the financial year. This must reflect current financial year payments and awards that are no longer subject to conditions (this includes payments and awards for the current financial year made following the end of the financial year); and prior financial years' awards that satisfied all conditions during the financial year. This excludes deferred amounts; and
(c)          for column C: total downward adjustments applied to variable remuneration that have been included under columns A and B during the financial year.
73.         For each of the cohort of specified roles in Table 4, an APRA-regulated entity must provide a description of the main triggers leading to downward-adjustments to variable remuneration as a result of consequence management.

Table 4 Deferred and adjusted variable remuneration
                                                                          A                                                                             B                                                                    C
                                  A$m                                      Total amount of outstanding deferred variable remuneration post adjustments  Total amount of variable remuneration not deferred post adjustments  Total amount of downward adjustments to variable remuneration reported in columns A and B
CEO