Australian Financial Security Authority Annual Report 2024-25
- Total expenses
- $124.4 million
- Ongoing staff
- 475
- Non-ongoing staff
- 22
- Consultancy contracts
- $6.1 million
- 36 contracts
- Non-consultancy contracts
- $59 million
- 308 contracts
Official source
Published headline figures
Income statement extract
- Total expenses
- $124.4 million (124,387 in $'000)
- Employee benefits
- $64.4 million (64,444 in $'000)
- Suppliers
- $48.8 million (48,847 in $'000)
- Revenue from government
- $47.3 million (47,332 in $'000)
- Own-source income
- $58.5 million (58,476 in $'000)
Unit: Portal template for this table type; the table item itself does not state a unit.
Staff
- Ongoing staff
- 475 people
- Non-ongoing staff
- 22 people
Staff numbers are headcounts as published in the all ongoing and all non-ongoing employee tables, not full-time equivalents.
Consultancy contracts
- Expenditure
- $6.1 million (6,141 in $'000)
- Contracts
- 36
- New contracts
- 10
- Ongoing contracts
- 26
Consultancy contracts table on the Transparency Portal (JSON)
Non-consultancy contracts
- Expenditure
- $59 million (58,979 in $'000)
- Contracts
- 308
- New contracts
- 144
- Ongoing contracts
- 164
Non-consultancy contracts table on the Transparency Portal (JSON)
Published disclosure tables 4
Information about remuneration for key management personnel
Source table on the Transparency Portal: Information about remuneration for key management personnel · Licence CC BY 4.0
Key management personnel remuneration is reported on an accrual basis for the period each person held the role, so part-year amounts are not annual salaries.
| Name | Position | Base salary | Bonuses | Other benefits | Superannuation | Long service leave | Other long term | Termination | Total |
|---|---|---|---|---|---|---|---|---|---|
| Tim Beresford | Chief Executive | 551,027 | 0 | 4,392 | 30,050 | 15,833 | 0 | 0 | 601,302 |
| Jennifer Dobell | General Manager | 318,577 | 0 | 3,266 | 58,950 | 9,187 | 0 | 0 | 389,980 |
| Emma Greenwood | General Manager | 306,763 | 0 | 3,214 | 55,685 | 15,783 | 0 | 0 | 381,445 |
| David Reed | General Counsel | 25,575 | 0 | 0 | 4,943 | 630 | 0 | 0 | 31,148 |
| Fiona Dempsey | Acting General Counsel | 227,671 | 0 | 2,799 | 34,463 | 855 | 0 | 0 | 265,788 |
| Jane Lye | Acting General Counsel | 81,013 | 0 | 0 | 15,051 | 1,495 | 0 | 0 | 97,559 |
Information about remuneration for senior executives
Source table on the Transparency Portal: Information about remuneration for senior executives · Licence CC BY 4.0
Senior executive and other highly paid staff rows are bands with a count and averages, not individuals. Never multiply or add averages across bands, bodies or years.
| Pay band | People | Average base salary | Average bonuses | Average other benefits | Average superannuation | Average long service leave | Average other long term | Average termination | Average total |
|---|---|---|---|---|---|---|---|---|---|
| $0 - $260,000 | 6 | 90,492 | 0 | 613 | 17,336 | 5,654 | 0 | 0 | 114,095 |
| $260,001 - $270,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| $270,001 - $295,000 | 2 | 229,561 | 0 | 1,787 | 32,571 | 13,663 | 0 | 0 | 277,581 |
| $295,001 - $320,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| $320,001 - $345,000 | 1 | 278,891 | 0 | 0 | 48,439 | 11,958 | 0 | 0 | 339,288 |
| $345,001 - $370,000 | 1 | 298,464 | 0 | 2,995 | 51,963 | 11,230 | 0 | 0 | 364,652 |
Organisations Receiving a Share of Reportable Consultancy Contract Expenditure Current Report Period (2024-25)
Source table on the Transparency Portal: Organisations Receiving a Share of Reportable Consultancy Contract Expenditure Current Report Period (2024-25) · Licence CC BY 4.0
| Organisation | Expenditure$'000 GST inclusive |
|---|---|
| Boston Consulting GroupABN 70007347131 | 1,425 |
| KPMGABN 24392710462 | 815 |
| Synergy Group Australia Pty LtdABN 65119369827 | 658 |
| Callida Pty LtdABN 40154007664 | 626 |
| Ernst & YoungABN 75288172749 | 413 |
Organisations Receiving a Share of Reportable Non-Consultancy Contract Expenditure Current Report Period (2024-25)
Source table on the Transparency Portal: Organisations Receiving a Share of Reportable Non-Consultancy Contract Expenditure Current Report Period (2024-25) · Licence CC BY 4.0
| Organisation | Expenditure$'000 GST inclusive |
|---|---|
| Evolve FM Pty LtdABN 52605472580 | 6,442 |
| Ventia Property Pty LtdABN 16618028676 | 5,725 |
| Data#3 LimitedABN 31010545267 | 4,538 |
| Fujitsu Australia LimitedABN 19001011427 | 4,261 |
| Austroads LtdABN 16245787323 | 3,099 |