Qantas 2007 Annual Report Download - page 66

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64 Qantas |Annual Report 2007
Directors’ Report
for the year ended 30 June 2007
Summary of eligibility
Set out below is a summary of each of the elements of remuneration provided to Key Management Personnel:
Key Management Personnel
Elements of Remuneration
Non-Executive
Directors
Executive
Directors Executives
Fixed remuneration Fixed Annual Remuneration 
Superannuation contributions 
Travel entitlements 
Other benefits 
Short-term incentives Performance Cash Plan –
Medium-term incentives Performance Share Plan –
Long-term incentives Performance Rights Plan –
Retention Plan –
Legacy plans 2002 Executive Director Long-Term Incentive Plan/
Senior Manager Long-Term Incentive Plan
–
Qantas Long-Term Executive Incentive Plan –
Post employment End of service payments (discontinued) ––
Travel entitlements 
Other Benefits
Non-cash benefits outlined in the remuneration tables include salary
sacrifice components such as motor vehicles, memberships of appropriate
professional associations, taxation and financial advice and travel
entitlements. Industry-standard travel entitlements are in addition to FAR.
Statutory, salary sacrifice or defined benefit superannuation payments are
made on behalf of Executives.
Other long-term benefits include the accrual of statutory long service
leave for Executives.
Non-Executive Directors (NEDs)
Non-Executive Director FAR is determined within an aggregate Directors’
fee pool limit. An annual total pool of $2.5 million was approved by
shareholders at the 2004 AGM. FAR comprises Directors’ fees, Committee
fees and superannuation.
FAR and payments to NEDs reflect the demands and responsibilities which
are made of NEDs and reflect the advice of independent remuneration
consultants to ensure NED FAR and salary sacrifice payments are
appropriate. The level of NED FAR is reviewed annually.
Remuneration Report (Audited) continued
Director and Executive Remuneration Disclosures