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* Retest of conditions performed in the fourth year in respect of LTI allocations prior to 2013, if performance hurdle is not met in the initial performance testing window. Performance is re-tested over the 4 year period. 

** Shares have been forfeited. 

## 6.3 ReMuneRATion oF key MAnAGeMenT PeRSonnel 

This table sets out details of remuneration during the financial year. 

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1) D Housego commenced with the Company in the role of Chief Financial Officer (CFO) on the 3 December 2012 (with an annual fixed remuneration of $825,000). As part of his recruitment arrangements Mr Housego was entitled to a one off payment of $100,000 at the end of FY13 subject to achievement of performance goals. 

2) A Williams met the definition of a KMP on his appointment as Managing Director Australian Publishing Media on 4 April 2013 (with an annual fixed remuneration of $775,000). Prior to this Mr Williams was the CEO of Fairfax New Zealand. 

3) B Cassell retired from the position of CFO on 3 December and was no longer deemed to be KMP. 

4) Following the structural changes within the group this person no longer met the definition of a KMP since 25 June 2012. 

5) C Maher resigned on 12 October 2012. 

6) Amount includes the amortised cost of the fair value of rights to shares issued but not yet vested. Credits relate to the reversal of the prior years amortised cost following forfeiture due to departure. No Deferred Component of the annual bonus was paid. 

