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Schedule 1—Australian Broadcasting Corporation

Schedule 1 Australian Broadcasting Corporation

Part 1 Amendments

Australian Broadcasting Corporation Act 1983

1  Subsection 3(1)

Insert:

indexation factor , for a reporting period,has the meaning given by section 80B.

index number , in relation to a quarter, means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician in respect of that quarter.

reporting period means the Corporation’s reporting period (within the meaning of the Public Governance, Performance and Accountability Act 2013 ).

2  Section 80 (heading)

Repeal the heading, substitute:

80   Matters to be included in annual report—general

3  After section 80

Insert:

80A   Matters to be included in annual report—salaries of senior employees etc.

             (1)  The Directors must include in each annual report on the Corporation given to the Minister under section 46 of the Public Governance, Performance and Accountability Act 2013 for a period:

                     (a)  if the total amount of salary and allowances paid by the Corporation during the period to an employee of the Corporation was more than the applicable reporting threshold for the period—the following information:

                              (i)  the name of the employee;

                             (ii)  that total amount;

                            (iii)  the position or positions held by the employee during the period; and

                     (b)  if:

                              (i)  an individual is or was a party to one or more on-air talent contracts; and

                             (ii)  the total amount paid by the Corporation during the period to the individual under those contracts was more than the applicable reporting threshold for the period;

                            the following information:

                            (iii)  the name of the individual;

                            (iv)  that total amount;

                             (v)  for each contract—the nature of the services performed for the Corporation by the individual during the period under the contract.

             (2)  For the purposes of paragraph (1)(a), if the employment of an employee is terminated, disregard any lump sum amounts paid in respect of the employee’s unused leave entitlements.

On-air talent contract

             (3)  For the purposes of paragraph (1)(b), an on-air talent contract is a contract (other than a contract of employment) entered into between the Corporation and an individual under which the individual performs services for the Corporation, where those services consist of, or include:

                     (a)  appearing on a television program; or

                     (b)  speaking or performing on a radio program.

Translation of amounts into Australian currency

             (4)  For the purposes of paragraphs (1)(a) and (b), an amount in a foreign currency is to be translated into Australian currency.

             (5)  The amount of foreign currency is to be translated to Australian currency at the exchange rate applicable at the time of payment.

Applicable reporting threshold

             (6)  For the purposes of paragraphs (1)(a) and (b):

                     (a)  the applicable reporting threshold for the first reporting period beginning after the commencement of this subsection is $200,000; and

                     (b)  the applicable reporting threshold for a later reporting period is the amount calculated using the formula in subsection (7).

             (7)  The formula mentioned in paragraph (6)(b) is:

where:

indexation factor means the indexation factor for the reporting period.

previous applicable reporting threshold means the applicable reporting threshold for the previous reporting period.

80B   Indexation factor

             (1)  For the purposes of this Act, the indexation factor for a reporting period is the number calculated, to 3 decimal places (rounding up if the fourth decimal place is 5 or more), using the formula:

where:

base March quarter means the last March quarter before the reference March quarter.

reference March quarter means the last March quarter before the reporting period.

             (2)  Subject to subsection (3), if (whether before or after the commencement of this section) the Australian Statistician has published or publishes an index number in respect of a quarter in substitution for an index number previously published in respect of that quarter, the publication of the later index number must be disregarded for the purposes of this section.

             (3)  If (whether before or after the commencement of this section) the Australian Statistician has changed or changes the index reference period for the Consumer Price Index, then, for the purposes of the application of this section after the change took place or takes place, regard must only be had to the index number published in terms of the new index reference period.

Part 2 Application provisions

4  Application of amendments—annual report

Section 80A of the Australian Broadcasting Corporation Act 1983 (as amended by this Schedule) applies in relation to an annual report for a period beginning after the commencement of this item.