15 Related Party Information
In this section...
- Annual Report 2007/08 homepage
- Chief Executive's overview
- Strategic direction 2007/2008
- LINZ's performance 2007/2008
- LINZ information
Identity of related parties
The Department is a wholly owned entity of the Crown. The Government significantly influences the role of the Department as well as being our major source of revenue.
The Department enters into numerous transactions with other government departments, Crown agencies and State-owned enterprises on an arm’s length basis. These transactions are not considered to be related party transactions.
Apart from these transactions described above, the Department has not entered into any related party transactions.
In addition to their salaries, the Department also provides non-cash benefits to LINZ staff, and contributes to postemployment defined contribution plans on their behalf.
Key management personnel are those members of the Executive Committee.
Remuneration
Total remuneration of key management personnel (which is included in personnel expenses in note 4) is:
| 2007 Actual $000 |
2008 Actual $000 |
|
|---|---|---|
| 1,164 | Executive Committee | 1,227 |
