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Short–Term

Post Employment

Long-Term

Share- based Payment

Total

Salary / Fees

Cash Bonus

Other (3)

Superannuation (4) $

Long Service Leave

Shares $

$

$

$

$

$

391,150 50,000 60,000 45,872 187,151

24,039 886,681

50,000 54,442 4,128 106,296

62,791

21,370

50,000 553,792 50,000 60,000 50,000 1,180,128

734,173

910,720

214,866

62,791

21,370

1,943,920

Directors’ Report

For the year ended 30 June 2009

REMUNERATION REPORT (Audited) (continued)

Directors

30 June 2009 S Cheong RJ Rowley PK Summers E Sam HR Hochstadt B Chin BG Hayman LF Milkovits (1) (1) (2)(5)

Performance Related

%

50,000

50,000

295,325

17,789

48,667

9,236

371,017

50,000

50,000

60,000

60,000

45,872

4,128

50,000

523,199

100,000

30,057

653,256

974,396

17,789

202,795

39,293

1,234,273

30 June 2008 S Cheong RJ Rowley PK Summers E Sam HR Hochstadt B Chin BG Hayman LF Milkovits (1) (1) (2)

  • (1)

    These Directors were not paid Directors’ fees. Consulting fees of $50,000 per month were paid to the Parent Entity SC Global Developments Limited for services which included the services of these Directors. International airfares to attend meetings are paid for by a related entity.

  • (2)

    Resigned 1 December 2008.

  • (3)

    Includes the value of motor vehicle benefits.

  • (4)

    Payments to Defined Contribution Plans. Consists of Superannuation Guarantee Contribution payments as well as employee voluntary contributions. The Consolidated Entity does not contribute to any Defined Benefit Plans.

  • (5)

    “Other” includes a payment of $386,681 for accrued annual and long service leave and a $500,000 payment on cessation of employment.

  • (a)

    Directors are also reimbursed for airfares (other than the international airfares for those Directors referred to in (1) above), and other expenses relating to the provision of their services.

  • (b)

    With the exception of the share-based compensation for the Chief Executive referred to in 2.5(iii), there are no other share- based payments made to Directors in the year under review.

22 AVJennings Limited ABN 44 004 327 771

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