The fixed remuneration component comprises base salary and employer superannuation contributions, but excludes long
service leave accruals. The executives may take part of their base salary as other benefits, such as motor vehicles, including
any associated fringe benefits tax. Fixed remuneration is reviewed annually, taking into account the executives’ performance,
Company performance and comparative market data. The 2014 detailed review set the fixed remuneration from 1 January
2014. The Board then approved a 3% (broadly in line with inflation) increase in fixed remuneration with effect from 1 July 2015.