City of Melbourne Annual Report 2015-16


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 Council at any time during the financial year are:

Councillors

Lord Mayor Robert Doyle

Deputy Lord Mayor Susan Riley

Cathy Oke

Kevin Louey

Ken Ong

Jackie Watt



Richard Foster

Rohan Leppert

Stephen Mayne

Arron Wood

Beverley Pinder-Mortimer

Chief Executive Officer


Ben Rimmer

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:



Amount

2016

2015

$40,000 - $49,999

9

9

$90,000 - $99,999

0

1

$100,000 - $109,999

1

0

$150,000 - $159,999

0

1

$190,000 - $199,999


0

1

$200,000 - $209,999

1

0

$460,000 - $469,999

1

1

Total

12

13

Total remuneration for the financial year for Responsible Persons included above

1,191,000

1,333,000

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 that 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 that 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

Nature of transactions
(on normal commercial terms)

Transaction Amount ($'000)

Lord Mayor

Robert Doyle



President

The Lord Mayor’s Charitable Foundation

Funding support by Council

67

Lord Mayor

Robert Doyle



Trustee

The Shrine of Remembrance

Funding support by Council

333

Lord Mayor

Robert Doyle



Ex-Officio member

Cancer Council of Australia

Transactions with Council

0

Lord Mayor

Robert Doyle



Chairman

Melbourne Health

Products/services

1

Lord Mayor

Robert Doyle



Partner – employee

Australian Centre for the Moving Image

Funding support by Council

23


Deputy Lord Mayor Susan Riley

Director

Melbourne Media Pty Ltd

Transactions with Council

0

Deputy Lord Mayor Susan Riley

Director

Procurement Australia

Products/services

64

Deputy Lord Mayor Susan Riley

Director

Mag Media Pty Ltd

Transactions with Council

0

Deputy Lord Mayor Susan Riley

Director

Tee up for Kids

Transactions with Council

0

Deputy Lord Mayor Susan Riley

Son – Owner of company

The Delivery Boy

Transactions with Council

0

Councillor Ken Ong

Spouse - Committee Member

Australian Chinese Events Committee

Products/services

5

Councillor Beverley Pinder-Mortimer

Husband - CEO

QA Software


Products/services

31

Councillor Arron Wood

Board member

Melbourne Sustainable Society Institute

Transactions with Council

0

Councillor Arron Wood

Board member

Sustainability Victoria

Products/services

5

Councillor Arron Wood

Wife – Employee

Oohmedia

Products/services

33

  1. Senior Officers' Remuneration

A Senior Officer is

  • For Council, an officer who has management responsibilities and reports directly to the Chief Executive; or whose total annual remuneration exceeds $139,000 (2015: $136,000); or

  • For subsidiaries, the Managing Director, Chief Executive Officers and executives, or whose total annual remuneration exceeds $139,000 (2015: $136,000).

The number of Senior Officers are shown below in their relevant income bands:

Income Range

Consolidated

2016


Consolidated

2015


Council

2016


Council

2015


$139,000 - $139,999

5

5

5

5

$140,000 - $149,999

91

80

91

78

$150,000 - $159,999

18

10

17

8

$160,000 - $169,999

8

8

6

6

$170,000 - $179,999

7

12

6

11

$180,000 - $189,999

5

5

4

4


$190,000 - $199,999

14

9

14

9

$200,000 - $209,999

5

8

5

7

$210,000 - $219,999

4

2

3

2

$220,000 - $229,999

5

4

4

4

$240,000 - $249,999

2

3

2

3

$250,000 - $259,999

3

2

3

2

$260,000 - $269,999

4

2

2

2

$270,000 - $279,999


1

-

-

-

$290,000 - $299,999

3

2

1

-

$300,000 - $309,999

1

-

 

-

$320,000 - $329,999

-

2

-

1

$330,000 - $339,999

1

-

 

-

$340,000 - $349,999

1

1

1

1

$350,000 - $359,999

3

3

2

1

$360,000 - $369,999


1

1

1

1

$380,000 - $389,999

1

1

1

1

$460,000 - $469,999

1

1

1

1

$480,000 - $489,999

1

-

-

-

$900,000 - $909,999 refer note

-

1

-

-

Total

185

162

169

147

Total remuneration for the financial year for Senior Officers included above

32,265,000


29,266,000

28,329,000

25,265,000

The remuneration threshold for Senior Officers' is reviewed each year by the Minister for Local Government. The threshold amount in 2015-16 was $139,000 (2015: $136,000). The number of senior officers and the total remuneration increased in 2015 is mainly due to salary incremental movement and enterprise bargaining agreement increase.

Note: 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

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 $432,000 (2015: $426,000).

Expenditure to Citywide is $53,135,603 (2015: $54,902,000).

Income Tax and Payroll Tax Equivalent, and Dividend are $7,274,000 (2015: $6,355,000).

Debtor account balance to Citywide is $107,000 (2015: $78,000).

Creditor account balance to Citywide is $14,611,000 (2015: $14,325,000).


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 $5,251,000 (2015: $4,725,000).

Income Tax Equivalent and Dividend are $-6,000 (2015: $374,000).

Debtor account balance to QVM is $541,000 (2015: $436,000).

Creditor account balance to QVM is $29,000 (2015: $612,000).

Transactions with Sustainable Melbourne Fund Trust

Revenue received from Sustainable Melbourne Fund is $34,000 (2015: $37,000).

Expenditure to Sustainable Melbourne Fund for services provided is $7,000 (2015: $13,000).

Transactions with Enterprise Melbourne Pty Ltd

Funding to Enterprise Melbourne is $598,000 (2015: $369,000).


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