❓ A Western Australian Parliamentary Question on Notice addresses termination payments made by GESB (Government Employees Superannuation Board) to several executives, including details on calculation methods, budget allocations, and remuneration policies. It also covers CEO appointments and remuneration.
AnsweredQoN 5382Legislative Council
QuestionView source ↗
(a) Termination payments do not include any relevant payment for accrued leave entitlements. (b) Previous Legislative Assembly Question on Notice 6657 indicated Ms Collene Hansen's voluntary redundancy payment was $108 236. The difference of $8 375.32 relates to an amount for pro rata Long Service Leave for Ms Hansen. This figure was omitted from the first Parliamentary Question by GESB as they understood at the time that payments of this nature were not included in the severance amount. In addition to the above an amount of $218 275.20 was paid to Mr Damien Stewartwho was acting as an Executive Officer in the role of Acting General Manager, Government Relations and Compliance. (6a-c) Not Applicable (7) The termination payments made to Ms Ahearn and Ms Hansen were charged to the Government Reform Budget. The termination payments made to Ms Hicks and Mr Ross were charged to GESB's administration budget. (8)Information that discloses or has the potential to disclose an individual's benefit with GESB will not be provided. It should be noted that one individual's entitlement in any of GESB's schemes will not have a material impact on State liability. (9)(a) 158. (9)(b) The Board take internal, independent external advice and consult with the Public Sector Commission (PSC). (9)(c) Remuneration for the CEO is now set by the Salaries and Allowances Tribunal. Consultation occurs on all other remuneration arrangements between GESB and the PSC in accordance with the amended requirements of Section 11 of the State Superannuation Act 2000. (9)(d) See part (9)(c). Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on http://www.rtlib.com
AnswerView source ↗
Answered
22 May 2012
Responded by
Minister for Finance representing the Treasurer
Response time
55 days
(1) Ms Dolin received a termination payment of $519 385.11 which represents 12 months salary. In addition to this Ms Dolin was paid out statutory entitlements such as unpaid annual and long service leave.
(2) The payment was calculated in accordance with the contract of employment and the requirements of section 101 of the
Public Sector Management Act 1994
.
(3) GESB has had two acting CEOs since Ms Dolin's departure.
Mr Fabian Rossacted from 11 June 2011 until 9 September 2011 and Mr Larry Rudmanacted from 10 September 2011 until 31 January 2012. Both received remuneration of $341 869.78 per annum while acting as CEO.
(4) The substantive appointment of a CEO was made on 30 January 2012. Remuneration applicable to the role is $365 313.50 per annum and is determined by the Salaries and Allowances Tribunal.
(5a-c)
Name
Title
Termination Payment
(a)
Ms Michelle Ahearn
General Manager, Risk & Governance
$220 713.48
Ms Collene Hansen
General Manager, Strategy & Corporate Affairs
$116 611.32
(b)
Ms Sharon Hicks
Chief Investment Officer
$168 374.33
Mr Fabian Ross
General Manager, Wealth Management
$139 895.29
Mr Lance Brockway
General Manager, Services and Technology
Nil
Note:
(a) Termination payments do not include any relevant payment for accrued leave entitlements.
(b) Previous Legislative Assembly Question on Notice 6657 indicated Ms Collene Hansen's voluntary redundancy payment was $108 236. The difference of $8 375.32 relates to an amount for pro rata Long Service Leave for Ms Hansen. This figure was omitted from the first Parliamentary Question by GESB as they understood at the time that payments of this nature were not included in the severance amount.
In addition to the above an amount of $218 275.20 was paid to Mr Damien Stewartwho was acting as an Executive Officer in the role of Acting General Manager, Government Relations and Compliance.
(6a-c) Not Applicable
(7) The termination payments made to Ms Ahearn and Ms Hansen were charged to the Government Reform Budget. The termination payments made to Ms Hicks and Mr Ross were charged to GESB's administration budget.
(8)Information that discloses or has the potential to disclose an individual's benefit with GESB will not be provided.
It should be noted that one individual's entitlement in any of GESB's schemes will not have a material impact on State liability.
(9)(a) 158.
(9)(b) The Board take internal, independent external advice and consult with the Public Sector Commission (PSC).
(9)(c) Remuneration for the CEO is now set by the Salaries and Allowances Tribunal. Consultation occurs on all other remuneration arrangements between GESB and the PSC in accordance with the amended requirements of Section 11 of the
State Superannuation Act 2000.
(9)(d) See part (9)(c).
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
(2) The payment was calculated in accordance with the contract of employment and the requirements of section 101 of the
Public Sector Management Act 1994
.
(3) GESB has had two acting CEOs since Ms Dolin's departure.
Mr Fabian Rossacted from 11 June 2011 until 9 September 2011 and Mr Larry Rudmanacted from 10 September 2011 until 31 January 2012. Both received remuneration of $341 869.78 per annum while acting as CEO.
(4) The substantive appointment of a CEO was made on 30 January 2012. Remuneration applicable to the role is $365 313.50 per annum and is determined by the Salaries and Allowances Tribunal.
(5a-c)
Name
Title
Termination Payment
(a)
Ms Michelle Ahearn
General Manager, Risk & Governance
$220 713.48
Ms Collene Hansen
General Manager, Strategy & Corporate Affairs
$116 611.32
(b)
Ms Sharon Hicks
Chief Investment Officer
$168 374.33
Mr Fabian Ross
General Manager, Wealth Management
$139 895.29
Mr Lance Brockway
General Manager, Services and Technology
Nil
Note:
(a) Termination payments do not include any relevant payment for accrued leave entitlements.
(b) Previous Legislative Assembly Question on Notice 6657 indicated Ms Collene Hansen's voluntary redundancy payment was $108 236. The difference of $8 375.32 relates to an amount for pro rata Long Service Leave for Ms Hansen. This figure was omitted from the first Parliamentary Question by GESB as they understood at the time that payments of this nature were not included in the severance amount.
In addition to the above an amount of $218 275.20 was paid to Mr Damien Stewartwho was acting as an Executive Officer in the role of Acting General Manager, Government Relations and Compliance.
(6a-c) Not Applicable
(7) The termination payments made to Ms Ahearn and Ms Hansen were charged to the Government Reform Budget. The termination payments made to Ms Hicks and Mr Ross were charged to GESB's administration budget.
(8)Information that discloses or has the potential to disclose an individual's benefit with GESB will not be provided.
It should be noted that one individual's entitlement in any of GESB's schemes will not have a material impact on State liability.
(9)(a) 158.
(9)(b) The Board take internal, independent external advice and consult with the Public Sector Commission (PSC).
(9)(c) Remuneration for the CEO is now set by the Salaries and Allowances Tribunal. Consultation occurs on all other remuneration arrangements between GESB and the PSC in accordance with the amended requirements of Section 11 of the
State Superannuation Act 2000.
(9)(d) See part (9)(c).
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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