Remuneration Overview –
CEO AND DISCLOSED EXECUTIVES’ REMUNERATION

This table shows the variable remuneration awarded to the CEO and current Disclosed Executives for the year ending 30 September 2019. Former Disclosed Executives: D Hisco was not awarded and F Ohlsson was not eligible for variable remuneration in 2019.

Target opportunity
Maximum opportunity
S Elliott1
AVR $1,500,000
48% of max + LTVR $4,200,000 performance rights face value at full vesting (subject to shareholder approval at the 2019 AGM)
$750,000
750,000
M Carnegie
VR $2,010,000
(50% of max)
$495,000
$495,000
$1,020,000
K Corbally2
VR $1,450,000
(57% of max)
$478,500
$478,500
$493,000
A George
VR $2,144,000
(53% of max)
$528,000
$528,000
$1,088,000
M Hand3
VR $804,000
(28% of max)
$198,000
$198,000
$408,000
M Jablko
VR $2,211,000
(55% of max)
$544,500
$544,500
$1,122,000
A Watson3
VR $283,759
(43% of max)
$170,255
$113,504
M Whelan
VR $3,551,000
(74% of max)
$874,500
$874,500
$1,802,000
Cash
Deferred shares or deferred share rights
Performance rights face value at threshold vesting 4

1. Variable remuneration for the CEO = AVR + LTVR

2. CRO receives deferred share rights instead of performance rights.

3. Remuneration disclosed from commencement in Disclosed Executive role. Acting Group Executive and CEO, NZ role awarded 60% of VR as cash and 40% as deferred shares.

4. The face value of performance rights is disclosed at full vesting, which differs from the disclosures in previous years. Divide by two to convert to face value at threshold vesting for performance rights.

Growing business sustainablyREMUNERATION OVERVIEW