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## Remuneration repor t (cont ’d) 

## 7. Remuneration tables 

The following table sets out the remuneration received by the Managing Director and other KMP for the financial year ended 30 June 2012 and the comparative year. 

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No termination benefits or other long term benefits were paid or payable in the current or comparative period. 

(1) The bonus reflects amounts provided under the short-term incentive program in relation to the financial year. One third of the bonus awarded to Mr Kelaher has been deferred into shares which will vest in July 2013, this component of the STI is included as a share-based payment. The expected payment value of the bonuses is the amount shown and includes any amounts that may be sacrificed into superannuation. 

(2) Non-monetary benefits include fringe benefits tax paid and the value of other non-monetary benefits. 

(3) Share-based payments includes accruals in relation to the Executive Performance Share Plan and accruals in relation to other grants of performance rights and options over shares in the Company. The value of the number of shares and options expected to vest has been apportioned over the term from grant date to vesting date. 

(4) Cash remuneration includes all remuneration paid during the financial year including superannuation and STIs which were awarded for performance in previous financial years. In addition, any shares received by the KMP during the period are included at the value the shares could have been converted to cash on the date they were received. This value has been determined as the closing share price on the date the shares were allocated to the KMP less any consideration paid or payable. 

(5) Mr Stephen was appointed in October 2011. 

