Remuneration Overview

The following provides a summary of the remuneration for the Chief Executive Officer (CEO) and disclosed executives – key management personnel[1]. A more detailed remuneration report is contained in the Annual Report page 13. The report can be accessed via the ANZ website as well as in hard copy.

Non-statutory Remuneration Table

CEO And Current Disclosed Executives
		Fixed		STI					LTI	Total Remuneration
Name & Position	FY	Rem.[2] ($ ’000)	Non-monetary benefits ($)	Cash ($ ’000)	Deferred[3] ($ ’000)	Total ($ ’000)	% target	% max. opportunity	Total[4] ($ ’000)	Received ($)	Deferred[3] ($)	Total
M Smith[5]	2012	3,150	121,900	1,900	1,800	3,700	117	47	3,150	5,171,900	4,950,000	10,121,900
—Chief Executive Officer	2011	3,150	105,515	1,750	1,550	3,300	105	42	3,150	5,005,515	4,700,000	9,705,515
P Chronican[6]	2012	1,300	7,590	850	750	1,600	103	41	650	2,157,590	1,400,000	3,557,590
—Chief Executive Officer, Australia	2011	1,300	5,744	900	700	1,600	103	41	650	2,205,744	1,350,000	3,555,744
S Elliott[7]	2012	1,187	40,853	1,100	1,000	2,100	140	56	1,200	2,327,853	2,200,000	4,527,853
—Chief Financial Officer	2011	1,050	10,191	604	404	1,008	80	32	650	1,664,191	1,054,000	2,718,191
D Hisco[8]	2012	1,000	309,757	900	800	1,700	142	57	500	2,209,757	1,300,000	3,509,757
—Chief Executive Officer, New Zealand	2011	960	357,283	902	710.4	1,612.8	140	56	480	2,219,683	1,190,400	3,410,083
G Hodges[9]	2012	1,000	13,789	650	550	1,200	100	40	500	1,663,789	1,050,000	2,713,789
—Deputy Chief Executive Officer	2011	1,000	24,350	700	500	1,200	100	40	500	1,724,350	1,000,000	2,724,350
J Phillips[10]	2012	580	5,500	377	319	696	100	40	290	962,500	609,000	1,571,500
—CEO Global Wealth & Private Banking
A Thursby[11]	2012	1,187	7,590	1,100	1,000	2,100	140	56	1,200	2,294,590	2,200,000	4,494,590
—CEO, International & Institutional Banking	2011	1,050	7,375	900	700	1,600	127	51	700	1,957,375	1,400,000	3,357,375
N Williams[12]	2012	790	32.675	533.25	454.25	987.5	104	42	474	1,355,925	928,250	2,284,175
—Chief Risk Officer

The term Key Management Personnel is defined under the Corporations Act. ↩ ↩
Fixed remuneration was unchanged for Disclosed Executives, other than those promoted during the year whose remuneration was increased to reflect expanded responsibilities. ↩
as equity ↩ ↩
deferred as equity ↩
M Smith—The 2012 LTI relates to the LTI grant that is proposed for 2012, subject to approval by shareholders at the 2012 Annual General Meeting. The 2011 LTI relates to the LTI grant approved by shareholders at the 2011 Annual General Meeting. Non monetary benefits include car parking, life insurance and taxation services. In 2012 equity to the value of $1,936,189 vested in respect of previously disclosed deferred STI granted in 2009 and 2010. Also, equity to the value of $5,370,176 vested in respect of previously disclosed deferred LTI granted in 2007, as approved by shareholders. In addition, equity to the value of $4,732,490 vested in respect of previously disclosed Special Options granted in 2008, as approved by shareholders. ↩
P Chronican—Non monetary benefits include car parking expenses. In 2012 equity to the value of $262,017 vested in respect of previously disclosed deferred STI granted in 2010. ↩
S Elliott—Fixed remuneration represents what was paid during the year (an increase to $1,250,000 occurred at date of promotion, 1 March 2012—this figure has been referenced to calculate STI as a % of target and maximum opportunity). Non monetary benefits include car parking and taxation services/expenses. In 2012 equity to the value of $273,800 vested in respect of previously disclosed deferred STI granted in 2009 and 2010. ↩
D Hisco—Commenced in role on 13 October 2010 so 2011 remuneration reflects amounts received for the partial service for the 2011 year. Non monetary benefits include relocation expenses such as housing assistance, and car parking and taxation services expenses. In 2012 equity to the value of $297,076 vested in respect of deferred STI granted in 2009 and 2010. In addition, equity to the value of $508,199 vested in respect of deferred LTI granted in 2008. ↩
G Hodges—Non monetary benefits include car parking and taxation services. In 2012 equity to the value of $355,078 vested in respect of previously disclosed deferred STI granted in 2009 and 2010. In addition, equity to the value of $1,092,491 vested in respect of previously disclosed deferred LTI granted in 2008. ↩
J Phillips—Commenced in role 1 March 2012 so remuneration (fixed, STI and LTI) reflects amounts received for the partial service for the 2012 year. Non monetary benefits include taxation services. ↩
A Thursby—Fixed remuneration represents what was paid during the year (an increase to $1,250,000 occurred at date of promotion, 1 March 2012—this figure has been referenced to calculate STI as a % of target and maximum opportunity). Non monetary benefits include car parking expenses. In 2012 equity to the value of $1,047,116 vested in respect of previously disclosed deferred STI granted in 2009 and 2010 and equity to the value of $1,201,741 vested in respect of previously disclosed deferred LTI granted in 2008. In addition, equity to the value of $1,081,040 vested in respect of previously disclosed equity granted in 2009 in connection with his commencement with ANZ. ↩
N Williams—Commenced in role 17 December 2011 so remuneration (fixed, STI and LTI) reflects amounts received for the partial service for the 2012 year. Non monetary benefits include relocation, car parking and taxation services expenses. ↩

Remuneration Overview

Non-statutory Remuneration Table

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