Qantas 2008 Annual Report Download - page 69

67 Qantas Annual Report 2008
Directors’ Report
for the year ended 30 June 2008
Remuneration Report (Audited) continued
Post-Employment and Other Long-term Benefits continued
End of Service Payments
The approach adopted since 2006 has been to have ongoing contracts of employment for all Executives with no end of contract payments.
For Executives appointed to senior roles, fi xed-term contracts of up to fi ve years were, until 2004, agreed on appointment. In some cases,
the contracts of these Executives provided for a service payment, after completion of the fi xed-term contract.
Where the service period has been completed and a new ongoing contract signed, the Executive may request settlement of the service payment.
Termination Payments
Qantas will honour the contractual and statutory entitlements of its Executives on termination. Additional payments to terminating Executives may
be made to a reasonable level where legal or other considerations make it appropriate to do so. In all cases, an appropriate release agreement must
be signed.
Other Long-term Benefits
Other long-term benefi ts include the accrual of long service leave for Executives.
Post-Employment and Other Long-term Benefits of Key Management Personnel and Highest Remunerated Executives
for the Year Ended 30 June 2008
Set out in the following tables are the Post-Employment and Other Long-term Benefi ts provided as remuneration for the KMP and
Highest Remunerated Executives during the year:
Post-Employment Benefi ts Other Long-term Benefi ts
Directors Year
Super-
annuation
$
Travel
$
Total
$
End of
Service
$
Other
$
Total
$
Leigh Clifford, 2008 100,000 17,500 117,500 – – –
Chairman (Non-Executive Director from 9 Aug 07 – 30 Jun 08) 2007 n/a n/a n/a n/a n/a n/a
Mike Codd, 2008 54,400 8,245 62,645 – – –
Non-Executive Director 2007 105,113 7,350 112,463 – – –
Peter Cosgrove, 2008 13,129 8,245 21,374 – – –
Non-Executive Director 2007 96,643 7,350 103,993 – – –
Patricia Cross, 2008 13,129 8,245 21,374 – – –
Non-Executive Director 2007 42,385 7,350 49,735 – – –
Richard Goodmanson 2008 –8,2458,245 – – –
Non-Executive Director (from 19 Jun 08 – 30 Jun 08) 2007 n/a n/a n/a n/a n/a n/a
Garry Hounsell, 2008 13,129 8,245 21,374 – – –
Non-Executive Director 2007 12,686 7,350 20,036 – – –
John Schubert, 2008 13,129 8,245 21,374 – – –
Non-Executive Director 2007 12,686 7,350 20,036 – – –
James Strong, 2008 13,129 8,245 21,374 – – –
Non-Executive Director 2007 12,686 7,350 20,036 – – –
Barbara Ward, 2008 881 8,245 9,126 – – –
Non-Executive Director (from 19 Jun 08 – 30 Jun 08) 2007 n/a n/a n/a n/a n/a n/a
Geoff Dixon, 2008 77,775 36,000 113,775 – 132,915 132,915
Chief Executive Offi cer 2007 67,058 32,400 99,458 – 98,065 98,065
Peter Gregg, 2008 36,000 36,000 72,000 – 71,188 71,188
Chief Financial Offi cer and EGM Strategy 2007 36,000 32,400 68,400 – 99,039 99,039
Total – current Directors at 30 June 2008 334,701 155,460 490,161 – 204,103 204,103
2007 385,257 108,900 494,157 – 197,104 197,104
Margaret Jackson, 2008 6,565 17,500 24,065 – – –
Chairman (1 Jul 07 – 14 Nov 07) 2007 12,686 15,700 28,386 – – –
Paul Anderson, 2008 – 8,245 8,245 – – –
Non-Executive Director (1 Jul 07 – 16 Apr 08) 2007 – 7,350 7,350 – – –
James Packer, 2008 1,872 8,245 10,117 – – –
Non-Executive Director (1 Jul 07 – 31 Aug 07) 2007 10,651 7,350 18,001 – – –
Total – Directors during
the year ended 30 June
2008 343,138 189,450 532,588 – 204,103 204,103
2007 408,594 139,300 547,894 – 197,104 197,104
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