Notes to and forming part of the Financial Statements

For the year ended 30 June 2003

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Note 8: Remuneration and Allowances of Members

The Members during the year, and up to the date of this report were:

• Patrick Musgrave Chair
• John Drinan
• Jim Forsyth
• Merrilyn McPherson
• Terry O’Callaghan

The number of Members of the Authority whose remuneration falls within the following bands is:

Member’s remuneration and allowances Bands	2003 NUMBER	2002 NUMBER
10,000-19,999	1	-
20,000-29,999	-	1
30,000-39,999	1	2
40,000-49,999	2	-
50,000-59,999	-	1
160,000-169,999	1	1
Aggregate amount of remuneration received or due and receivable by Members of the Authority	$298,129	$314,871

Members met formally 32 times during the year to 30 June 2003. In addition to formal Members’ meetings, there were workshops and meetings involving executive management and Members during the course of the year. The above remuneration includes remuneration paid in accordance with Remuneration Tribunal determinations. The above remuneration also includes a management charge from the department in relation to the government Member.

Incorporated into the above remuneration figures is a payment of $16,167 paid to a member of the Dairy Adjustment Authority’s Board in accordance with Schedule 2, Clause 79 (e)(i)(ii) of the Dairy Produce Act 1986 for the year ended 30 June 2003.

Members' Interests

Other than the provision of services as Members for which the remuneration disclosed above was received, there were no transactions with Members or Member-related entities during the year.

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