REMUNERATION TRIBUNAL
Determination 2007/04:
Principal Executive Office (PEO) Classification Structure and Terms and Conditions

(i)
Pursuant to subsections 5(2A), 7(3D) and 7(4) of the Remuneration Tribunal Act 1973, the Remuneration Tribunal has inquired into the classification structure for Principal Executive Offices.

(ii)
This Determination takes effect on and from 1 July 2007.

 
PRINCIPAL EXECUTIVE OFFICE CLASSIFICATION STRUCTURE

1
2
In this Determination, Determination 2005/19 (as amended) is referred to as the Principal Determination.
The Principal Determination is amended by omitting Table A1 titled “Principal Executive Office Classification Structure and Remuneration Ranges with effect from 1 July 2005” and replacing it with the following table and related footnotes:


Table A1 – Principal Executive Office Classification Structure and Remuneration   Ranges with effect from 1 July 2007
PRINCIPAL EXECUTIVE OFFICE CLASSIFICATION STRUCTURE

 
Superannuation Salary
Band Range[7]
Total Remuneration
Band  Range[8]

PEO BAND A
 up to $138,140
 
 
up to $189,230

Reference salary A[9]
$121,930
 

PEO BAND B
$102,200  -  $187,460
 
$140,000 - $256,790

Reference salary B
$144,140
 

PEO BAND C
$138,700  -  $266,170
 
$190,000 - $364,610

Reference salary C

$195,840
 

PEO BAND D
 
$200,750 - $345,040
 
$275,000 - $472,650

Reference salary D
$278,020
 

PEO BAND E
from $288,350
from $395,000


 
 
 
 
 
 
 
                                                                                                                                                                                                                             

[7] The Superannuation Salary for a PEO is determined by the Employing Body in accordance with clause 2.7.
[8] The Total Remuneration range for each Band is normally adjusted from 1 July each year.
 
[9] This salary is identified as the reference salary for the purposes of clause 1(4)(b) of Schedule 3 to the Remuneration and Allowances Act 1990.