Annual Report 2014–15


Note 38: Related party transactions



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Note 38: Related party transactions

  1. Responsible Persons

Names of persons holding the position of a Responsible Person at the Council at any time during the financial year are:

Councillors

Chief Executive Officer


    • Dr Kathy Alexander (from 1 July 2014 to 3 December 2014)

    • Acting CEO Martin Cutter (from 4 December 2014 to 8 February 2015)

    • Ben Rimmer (from 9 February 2015).

Remuneration of responsible persons


The numbers of Responsible Persons whose total remuneration from Council and any related entities, excluding retirement benefits, fall within the following bands:

Remuneration band

2015

2014

$40,000 - $49,999

9

9


$90,000 - $99,999

1

1

$150,000 - 159,999

1

0

$190,000 - $199,999

1

1

$460,000 - $469,999

1

1

Total

13

12

Total remuneration for the financial year for Responsible Persons included above

1,333,000

1,154,000

Reflects remuneration packages for the period that the responsible person was a Councillor. Councillors are also provided with a car park, office and executive support.

Responsible persons retirement benefits


There are no retirement benefits have been made to responsible persons. There were no matters to report in the previous financial year.

Loans to responsible persons


There are no loans have been made to responsible persons. There were no matters to report in the previous financial year.

Transactions with responsible persons

During the period Council entered into the following transactions with responsible persons or related parties of responsible persons.


Responsible Officer

Position held (including related parties of responsible officer)

Supplier

Natural of transactions
(on normal commercial terms)


Transaction Amount ($'000)

Lord Mayor Robert Doyle

President

The Load Mayor's Charitable Foundation

Funding support by Council

65

Lord Mayor Robert Doyle

President

The Load Mayor's Charitable Foundation

Products/services

3

Lord Mayor Robert Doyle

Trustee

The Shrine of Remembrance

Funding support by Council

325

Lord Mayor Robert Doyle

Ex-Officio member

Cancer Council of Australia

Funding support by Council

6

Lord Mayor Robert Doyle


Ex-Officio member

Cancer Council of Australia

Products/services

5

Lord Mayor Robert Doyle

Partner - employee

Australian Centre for the Moving Image

Funding support by Council

29

Deputy Lord Mayor Susan Riley

Director

Melbourne Media Pty Ltd

Products/services

2

Deputy Lord Mayor Susan Riley

Director

Procurement Australia

Products/services

124

Deputy Lord Mayor Susan Riley

Son - Owner of company

The Delivery Boy

Products/services

17

Councillor Rohan Leppert

Board member

Melbourne Symphony Orchestra

Funding support by Council

330

Councillor Rohan Leppert

Board member

Melbourne Symphony Orchestra

Products/services

21


Councillor Cathy Oke

President/Chair/Executive Committee member

International Council for local Environmental Initiatives

Office space provided by Council for ICLEI Oceania

0

Councillor Cathy Oke

President/Chair/Executive
Committee member

International Council for local Environmental Initiatives

Products/services

2

Councillor Stephen Mayne

Partner - board member for part of the period and ongoing committee roles

RACV

Products/services

2

Total

N/A

N/A

N/A

931
  1. Senior Officers' Remuneration


A Senior Officer other than a Responsible Person, is

    1. For Council, an officer who has management responsibilities and reports directly to the Chief Executive; or whose total annual remuneration exceeds $136,000; or

    2. For subsidiaries, the Managing Director, Chief Executive Officers and executives, or whose total annual remuneration exceeds $136,000.

The number of Senior Officers other than the Responsible Persons, are shown below in their relevant income bands:


Income Range

Consolidated

2015


Consolidated

2014


Council

2015


Council

2014


$136,000 - $139,999

17

73

15

71

$140,000 - $149,999

80

10

78

10

$150,000 - $159,999

10

8

8

8

$160,000 - $169,999

8

6

6

5

$170,000 - $179,999

12


9

11

9

$180,000 - $189,999

5

5

4

5

$190,000 - $199,999

9

11

9

9

$200,000 - $209,999

8

4

7

4

$210,000 - $219,999

2

3

2

3

$220,000 - $229,999

4

3

4

3

$230,000 - $239,999

0

1

0

1

$240,000 - $249,999

3

2


3

2

$250,000 - $259,999

2

2

2

2

$260,000 - $269,999

2

1

2

1

$270,000 - $279,999

0

2

0

0

$290,000 - $299,999

2

0

0

0

$310,000 - $319,999

0

1

0

1

$320,000 - $329,999

2

0

1

0

$340,000 - $349,999

1

3

1


2

$350,000 - $359,999

3

1

1

0

$360,000 - $369,999

1

2

1

1

$370,000 - $379,999

0

1

0

0

$380,000 - $389,999

1

1

1

1

$460,000 - $469,999

1

1

1

1

$590,000 - $599,999

0

1

0

0

$900,000 - $909,999 *(see note)

1

0

0


0

Total

174

151

157

139

Total remuneration for the financial year for Senior Officers included above

30,925,000

26,691,000

26,649,000

23,292,000

The remuneration threshold for Senior Officers' is reviewed each year by the Minister for Local Government. The threshold amount in 2014-15 was $136,000 ($133,000 in 2013-14). The number of senior officers and the total remuneration increased in 2015 is mainly due to salary incremental movement and enterprise bargaining agreement increase.

* As a result of retirement on 20 March 2015 a contractual payment of $346,586 was made in addition to entitlements due to senior officer’s 14 years of service.

Total employment package for senior officers includes:


    • Under an executive contract, taxable salary, superannuation and motor vehicle component

    • For award staff, salary, superannuation, leave loading and overtime

    • Includes staff with termination/retirement payments.

  1. Wholly-Owned Group

The Council is the ultimate parent entity in the wholly-owned group. Transactions with the controlled entities, Citywide Service Solutions Pty Ltd and its subsidiaries, Queen Victoria Market Pty Ltd, Sustainable Melbourne Fund Trust and Enterprise Melbourne Pty Ltd during the financial year are included below.

All subsidiaries are established and are resident in Australia.


Transactions with Citywide Service Solutions Pty Ltd


Transactions with the Citywide Service Solutions Pty Ltd during the financial year were based on a contract for the provision of services comprising property rental, contract sales and the payment of charges (tax equivalents) which includes income tax and payroll tax.

    • Revenue received from Citywide is $426,000 (2013-14 $414,000).

    • Expenditure to Citywide is $54,902,000 (2013-14 $56,713,000).

    • Income Tax and Payroll Tax Equivalent, and Dividend are $6,355,000 (2013-14 $7,170,000).

    • Debtor account balance to Citywide is $78,000 (2013-14 $38,000).

    • Creditor account balance to Citywide is $14,325,000 (2013-14 $11,263,000).

Transactions with Queen Victoria Market Pty Ltd


Transactions with the Queen Victoria Market Pty Ltd during the financial year were based on a contract for the provision of services comprising a Licence fee, IT charges and in accordance with the Tax Equivalent Policy, the payment of charges (tax equivalents) which includes income tax.
    • Revenue received from Queen Victoria Market is $4,725,000 (2013-14 $4,740,000).


    • Income Tax Equivalent and Dividend are $374,000 (2013-14 $680,000).

    • Debtor account balance to QVM is $436,000 (2013-14 $960,000).

    • Creditor account balance to QVM is $612,000 (2013-14 $219,000).

QVM spent $2,661,000 on the market renewal program in the financial year. This sum was reimbursed by the Council. $2,056,000 was set up as a QVM renewal capital project and $605,000 was expensed.

Transactions with Sustainable Melbourne Fund Trust


    • Revenue received from Sustainable Melbourne Fund is $39,150 (2013-14 $34,000).

    • Expenditure to Sustainable Melbourne Fund for services provided is $12,904 (2013-14 $10,000).

    • Debtor account balance to SMF is $528 (2013-14 $1,056).

    • Creditor account balance to SMF is $0 (2013-14 $0).

Transactions with Enterprise Melbourne Pty Ltd


Funding to Enterprise Melbourne is $369,000 (2013-14 $278,000).


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SiteCollectionDocuments -> We are pleased to present to you the City of Melbourne’s annual report for 2012–13
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