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## Note 29. Related Party Transactions (continued) 

## (d) Superannuation Contributions 

During the financial year, the Group contributed to accumulation type benefit funds administered by external fund managers or an employee’s self-managed superannuation fund. The funds cover all Australian domiciled employees and Directors of the Company. The current contribution rate is 9.0% p.a. (2010: 9.0% p.a.) of employee cash remuneration. Contributions to superannuation funds, on behalf of Directors and employees, during the financial year by the Group amounted to $306,565 (2010: $284,771). 

## (e) Other Related Party Transactions Within the Group 

During the financial year, Mr Stephen Power, a Director, had an interest in Napier Legal Pty Ltd which provided legal services to the Group. The value of transactions during the financial year in the Group was $593,034 (2010: $376,960). 

During the financial year and the previous financial year, Mr Mark Smith, a Director, had an interest in IERS (Australia) Pty Ltd, which has an ongoing agreement with the Group to provide geophysical fault seal analysis software. This contract had been negotiated at commercial terms and does not include monetary compensation. Instead, the Group provides testing and ongoing development of the geophysical fault seal analysis software in return for its use. 

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