14. RELATED PARTIES a). Cattle Disease Contingency Fund Pty Ltd The company has a 25% shareholding in Cattle Disease Contingency Fund Pty Ltd (CDCF), trustee for the Cattle Disease Contingency Fund Trust. The shareholding is in ‘B’ class shares meaning the company is not entitled to any dividends or capital returns. AHA is entitled to appoint a director and this is included in the CEO’s duties. Transactions with the CDCF as trustee were as follows: 2017 $ REVENUE Received from CDCF for administrative services 11,280 11,280 2016 $ 18,371 18,371 b). Sheep Industry Health and Welfare Pty Ltd The company has a 33.3% shareholding in Sheep Industry Health and Welfare Pty Ltd (SIHW), trustee for the Sheep Industry Health and Welfare Trust. The shareholding is in ‘B’ class shares meaning the company is not entitled to any dividends or capital returns. AHA is entitled to appoint a director and this is included in the CEO’s duties. Transactions with the SIHW as trustee were as follows: 2017 $ REVENUE Received from SIHW for administrative services 11,280 11,280 15. COMMITMENTS The company’s future minimum operating lease payments are as follows: 2017 $ REVENUE Within one year After one year but not more than five years5 After more than five years5 295,832 1,274,778 - 1,570,610 2016 $ 286,597 1,570,610 - 1,857,207 2016 $ 8,807 8,807 16. KEY MANAGEMENT PERSONNEL In addition to the Board of directors, the follow key management personnel during the year were: KEY MANAGEMENT PERSONNEL: Kathleen Plowman – Chief Executive Officer Tony Marks – Executive Manager, Corporate & Member Services & Company Secretary Peter Dagg – Executive Manager, Emergency Preparedness & Response Services Duncan Rowland – Executive Manager, Biosecurity & Product Integrity Services DIRECTORS AND KEY MANAGEMENT PERSONNEL REMUNERATION FOR YEAR WAS $928,355 (2016: $1,116,002) 5 5 Lease commitments include those for the AHA’s office premises in Turner. The lease commenced 1 July 2015 and will terminate on 30 June 2022. ANNUAL REPORT 2016-17 99
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