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*  The percentage of total remuneration consisting of options, based on the value of options expensed in the consolidated statement of comprehensive income during the previous financial year. 

^,# Denotes one of the five highest paid executives of the Group (^) and/or Company (#), as required to be disclosed under the Corporations Act 2001. 

The amounts disclosed for the remuneration of Directors and other key management personnel include the assessed fair values of options granted during the financial year, at the date they were granted. The value attributable to options is allocated to particular financial periods in accordance with AASB 2 ‘Share-based Payment’ , which requires the value of an option at grant date to be allocated equally over the period from grant date to vesting date, adjusted for not meeting the vesting condition. For options that vest immediately, the value is disclosed as remuneration immediately, in accordance with the accounting policy described in Note 1(p) of the financial statements. 

Fair values of options are assessed under the Black-Scholes option pricing model. The Black-Scholes option pricing model takes into account the exercise price, the term of the option, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield and the risk-free interest rate for the term of the option. 

