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Actual or Nominal remuneration?

April 26, 2017actual nominal remuneration

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Actual or Nominal remuneration?

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The Senate Order on Appointments requires reporting of the “remuneration for the position”. In most cases this will be the nominal remuneration for the position as set by the Remuneration Tribunal or relevant authority. In some cases, the actual amount paid may be less than the nominal amount due to, for example, guidelines on the remuneration of former members of state parliaments appointed to significant Commonwealth offices.