16. Related Party Information
In this section...
- Annual Report 2008/09 homepage
- Chief Executive's overview
- Strategic context 2008/2009
- LINZ's performance 2008/2009
- Financial statements
- LINZ information
- Appendix
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 the 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 post-employment defined contribution plan on their behalf.
Key management personnel are those members of the Executive Committee.
Remuneration
Key management personnel compensation (includes Chief Executive and direct reports) is:
| 2008 Actual $000 |
2009 Actual $000 |
|
|---|---|---|
| 1,516 | Salaries and other short-term employee benefits | 1,706 |
| 36 | Post-employment benefits | 40 |
| – | Contractual entitlements | 10 |
