Defence Materiel Organisation
Notes to and forming part of the Financial Statements
for the period ended 30 June 2008

Note 12: Executive Remuneration

The Executive Remuneration Note includes remuneration details for DMO Australian Public Service (APS) Senior Executives. Executives who act in substantive SES positions are included in the Note if their remuneration received while acting in that position exceeds $130,000 during the financial year.

Remuneration includes calculations based on salary and allowances, performance pays, accrued superannuation, redundancy payments, accrued leave, car parking and motor vehicle costs and fringe benefits tax.

Executives who are employed overseas for a period exceeding six months or who are on secondment to another Department or Agency are not included in the Note. In addition reimbursement of out-of-pocket expenses incurred by executives is not included.

During the financial year 26 (2006-07: 31) Military Star Ranked Officers have been posted to DMO, for which DMO paid $4,432,077 (2006-07: $3,667,690) in accordance with the Military Workforce Agreement between DMO and Defence. These Officers will be included in the Defence Executive Remuneration Note if they satisfy the reporting requirements.

The number of senior executives who received or were due to receive total remuneration of $130,000 or more:

  2008 2007
$130,000 to $144,999 1 1
$145,000 to $159,999 1 1
$160,000 to $174,999 2 4
$175,000 to $189,999 8 6
$190,000 to $204,999 4 4
$205,000 to $219,999 2 3
$220,000 to $234,999 1 2
$235,000 to $249,999 3 -
$250,000 to $264,999 2 1
$280,000 to $294,999 - 1
$295,000 to $309,999 - 1
$340,000 to $354,999 1 -
$385,000 to $399,999 1 -
$660,000 to $674,999 - 1
$715,000 to $729,999 1 -
Total 27 25
 
The aggregate amount of total remuneration of executives shown above. $6,219,591 $5,504,514
 
The aggregate amount of separation and redundancy/termination benefit payments during the year to executives shown above. Nil Nil