2022-11-14 GC Agenda - Item 5 - Attachment 1 - Annual Report 2021-22

Noosa Council
Notes to the Financial Statements
for the year ended 30 June 2022

Note 33. Transactions with Related Parties (continued)
$ '000                                                                                                2022                 2021

Short-term Employee Benefits                                                                         1,895                 1,803
Post-employment Benefits                                                                               206                   195
Long-term Benefits                                                                                      27                    29
Termination Benefits                                                                                   303                    82
Total Compensation Paid to Key Management Personnel                                                  2,431                 2,109

(e) Other Related Parties
§Subnote§




Transactions with Other Related Parties

Employee expenses with close family members of key management personnel                                132                    89
Total                                                                                                 132                     89

All close family members of key management personnel were employed through an arm's length process. They are paid in
accordance with the Award for the job they perform.



(f) Outstanding Balances
§Subnote§




Council has no outstanding balances at the end of the reporting period in relation to transactions with related parties.
§Subnote§




(g) Loans and guarantees to/from related parties
Council does not make loans to or receive loans from related parties. No guarantees have been provided.
§Subnote§




(h) Commitments to/from other related parties
Council has no outstanding commitments to/from other related parties.
§Subnote§




(i) Transactions with related parties that have not been disclosed
On a regular basis ordinary ratepayer transactions occur between Council and its related parties. Examples include rates
and animal registrations. Council has not included these types of transactions in its disclosure where they are made on the
same terms and conditions available to the general public.




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