REMUNERATION OVERVIEW

2019 ACTUAL REMUNERATION RECEIVED

This table shows the remuneration the CEO and Disclosed Executives actually received in relation to the 2019 performance year as cash, or in the case of prior equity awards, the value which vested in 2019.

	Fixed remuneration	Cash variable remuneration	Total cash	Deferred variable remuneration which vested during the year ¹	Other deferred remuneration which vested during the year ¹	Actual remuneration received	Deferred variable remuneration which lapsed/ forfeited during the year ¹
	$	$	$	$	$	$	$
CEO AND CURRENT DISCLOSED EXECUTIVES
S Elliott	2,100,000	750,000	2,850,000	1,243,464	-	4,093,464	(3,038,880)
M Carnegie ²	1,000,000	495,000	1,495,000	153,490	-	1,648,490	-
K Corbally ³	950,000	478,500	1,428,500	430,229	573,129	2,431,858	(184,676)-
A George ⁴	1,000,000	528,000	1,528,000	301,609	-	1,829,609	(101,328)
M Hand ⁴	726,000	198,000	924,000	-	-	924,000	-
M Jablko ⁴	1,000,000	544,500	1,544,500	192,589	318,564	2,055,653	-
A Watson ⁵	219,440	170,255	389,695	-	-	389,695	-
M Whelan	1,200,000	874,500	2,074,500	704,915	-	2,779,415	(1,059,695)
Former Disclosed Executives
D Hisco ^2,5,6	843,521	-	843,521	654,067	-	1,497,588	(7,385,293)
F Ohlsson	240,000	n/a	240,000	433,146	-	673,146	(191,526)

^1. The point in time value of previously deferred remuneration granted as shares/share rights and/or performance rights is based on the one day Volume Weighted Average Price (VWAP) of the Company’s shares traded on the ASX on the date of vesting or lapsing/ forfeiture multiplied by the number of shares/share rights and/or performance rights.

^2. The lapsed/forfeited values relate to the performance rights we awarded in November 2015 which lapsed due to the performance hurdles not being met, and for D Hisco forfeiture on cessation of unvested deferred remuneration.

^3. Other deferred remuneration for K Corbally relates to a previously disclosed equity retention award relating to his role prior to appointment to the Group Executive Committee.

^4. Other deferred remuneration for M Jablko relates to previously disclosed compensation for deferred remuneration forfeited as a result of joining ANZ.

^5. Paid in NZD and converted to AUD.

^6. The vested values for D Hisco relate to deferred shares, deferred share rights and performance rights awarded in prior years that vested prior to cessation.