Future Fund Management Agency Annual Report 2022-23

Non-Corporate Commonwealth Entity · Commonwealth · No report date recorded

Total expenses: $0
Ongoing staff: 261
Non-ongoing staff: 11
Consultancy contracts: $2.5 million; 4 contracts
Non-consultancy contracts: $79.6 million; 492 contracts

Official source

Transparency Portal data for this report (JSON)

transparency.gov.au

Published headline figures

Income statement extract

Total expenses: $0 (0 in $'000)
Employee benefits: $0 (0 in $'000)
Suppliers: $0 (0 in $'000)
Revenue from government: $0 (0 in $'000)
Own-source income: $0 (0 in $'000)

Income statement table on the Transparency Portal (JSON)

Staff

Ongoing staff: 261 people
Ongoing staff table on the Transparency Portal (JSON)
Non-ongoing staff: 11 people
Non-ongoing staff table on the Transparency Portal (JSON)

Staff numbers are headcounts as published in the all ongoing and all non-ongoing employee tables, not full-time equivalents.

Consultancy contracts

Expenditure: $2.5 million (2,548 in $'000)
Contracts: 4
New contracts: 2
Ongoing contracts: 2

Consultancy contracts table on the Transparency Portal (JSON)

Non-consultancy contracts

Expenditure: $79.6 million (79,554 in $'000)
Contracts: 492
New contracts: 174
Ongoing contracts: 318

Non-consultancy contracts table on the Transparency Portal (JSON)

Published disclosure tables 5

Information about remuneration for key management personnel14 rows · Unit: dollars; band averages are per person in the band

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	Total
Raphael Arndt	Chief Executive Officer Acting Chief Investment Officer	781,963	700,011	0	27,499	3,125	50,960	1,563,560
Gordon McKellar	Chief Operating Officer	580,209	347,149	0	37,095	5,089	0	969,543
Cameron Price	General Counsel and Chief Risk Officer	589,825	187,518	0	37,095	9,656	187,518	1,011,613
Wendy Norris	Deputy CIO, Change and Innovation	576,829	0	0	25,292	17,549	0	619,671
Alicia Gregory	Deputy Chief Investment Officer, Private Markets	584,052	613,661	0	27,499	12,286	42,467	1,279,967
Kimberley Reid	Chief People, Culture and Inclusion Officer	386,211	0	0	72,694	9,980	257,973	726,860
Benjamin Samild	Deputy Chief Investment Officer, Portfolio Construction	633,669	662,081	0	25,292	9,790	42,467	1,373,300
Peter Costello	Chairman	220,580	0	219	33,969	0	0	254,768
Patricia Cross	Board Member	110,300	0	0	16,986	0	0	127,286
John Fraser	Board Member	110,300	0	1,077	11,581	0	0	122,958
Carolyn Kay	Board Member	86,689	0	768	13,350	0	0	100,807
John Poynton	Board Member	110,300	0	1,185	16,986	0	0	128,471
Deborah Ralston	Board Member	110,300	0	1,450	16,986	0	0	128,736
Michael Wachtel	Board Member	110,300	0	29	16,986	0	0	127,315

Information about remuneration for senior executives1 row · Unit: dollars; band averages are per person in the band

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 - 220000	0	0	0	0	0	0	0	0	0

Information about remuneration for other highly paid staff45 rows · Unit: dollars; band averages are per person in the band

Source table on the Transparency Portal: Information about remuneration for other highly paid staff · 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 superannuation	Average long service leave	Average other long term	Average termination	Average total
$240,000 - $245,000	3	180,759	17,415	23,091	4,504	16,737	0	242,508
$245,001 - $270,000	14	184,770	42,028	21,158	6,592	1,880	0	256,429
$270,001 - $295,000	14	213,214	35,812	23,872	6,904	2,017	0	281,821
$295,001 - $320,000	10	198,009	54,239	23,309	6,035	0	27,051	308,644
$320,001 - $345,000	11	236,820	29,550	28,612	8,159	27,229	0	330,373
$345,001 - $370,000	5	256,189	51,674	26,547	5,915	11,741	0	352,069
$370,001 - $395,000	7	252,844	96,442	27,442	5,916	0	0	382,646
$395,001 - $420,000	1	294,898	65,311	27,499	6,988	21,770	0	416,468
$420,001 - $445,000	7	304,265	80,928	26,598	8,008	8,683	0	428,484
$445,001 - $470,000	2	370,580	55,841	26,396	7,890	0	0	460,707
$470,001 - $495,000	2	325,213	86,022	62,215	10,794	0	0	484,245
$495,001 - $520,000	5	319,570	149,669	26,802	9,096	7,540	0	512,679
$520,001 - $545,000	2	303,820	98,167	27,499	7,107	96,232	0	532,827
$545,001 - $570,000	5	343,721	108,931	30,896	6,919	70,398	0	560,867
$570,001 - $595,000	7	400,378	154,463	27,031	3,106	0	0	584,979
$595,001 - $620,000	4	265,556	111,854	23,482	-6,116	53,412	158,976	607,166
$620,001 - $645,000	1	222,233	0	13,749	20,287	0	369,925	626,196
$645,001 - $670,000	1	364,610	169,696	37,095	9,740	69,696	0	650,839
$670,001 - $695,000	1	370,053	280,472	27,499	9,442	0	0	687,468
$695,001 - $720,000	3	380,165	281,671	40,680	7,295	0	0	709,813
$720,001 - $745,000	0	0	0	0	0	0	0	0
$745,001 - $770,000	0	0	0	0	0	0	0	0
$770,001 - $795,000	0	0	0	0	0	0	0	0
$795,001 - $820,000	0	0	0	0	0	0	0	0
$820,001 - $845,000	0	0	0	0	0	0	0	0
$845,001 - $870,000	0	0	0	0	0	0	0	0
$870,001 - $895,000	2	443,525	401,716	27,499	9,823	0	0	882,566
$895,001 - $920,000	0	0	0	0	0	0	0	0
$920,001 - $945,000	1	464,508	359,075	25,292	37,395	33,974	0	920,245
$945,001 - $970,000	1	456,060	449,368	27,499	-6,894	33,974	0	960,007
$970,001 - $995,000	0	0	0	0	0	0	0	0
$995,001 - $1,020,000	0	0	0	0	0	0	0	0
$1,020,001 - $1,045,000	0	0	0	0	0	0	0	0
$1,045,001 - $1,070,000	0	0	0	0	0	0	0	0
$1,070,001 - $1,095,000	1	512,515	484,300	25,292	15,390	33,974	0	1,071,471
$1,095,001 - $1,120,000	0	0	0	0	0	0	0	0
$1,120,001 - $1,145,000	0	0	0	0	0	0	0	0
$1,145,001 - $1,170,000	0	0	0	0	0	0	0	0
$1,170,001 - $1,195,000	1	564,414	546,777	37,095	12,135	33,974	0	1,194,396
$1,195,001 - $1,220,000	0	0	0	0	0	0	0	0
$1,220,001 - $1,245,000	0	0	0	0	0	0	0	0
$1,245,001 - $1,270,000	1	585,212	347,783	37,095	12,116	265,829	0	1,248,036
$1,270,001 - $1,295,000	0	0	0	0	0	0	0	0
$1,295,001 - $1,320,000	0	0	0	0	0	0	0	0
$1,320,001 - $1,345,000	0	0	0	0	0	0	0	0

Organisations Receiving a Share of Reportable Consultancy Contract Expenditure Current Report Period (2022-23)4 rows · Unit: $'000 GST inclusive

Source table on the Transparency Portal: Organisations Receiving a Share of Reportable Consultancy Contract Expenditure Current Report Period (2022-23) · Licence CC BY 4.0

Organisation	Expenditure$'000 GST inclusive
Accenture Australia Pty LtdABN 49096776895	913
Deloitte Touche TohmatsuABN 74490121060	654
Challis & Company LtdABN 48161244613	577
Nous GroupABN 66086210344	404

Organisations Receiving a Share of Reportable Non-Consultancy Contract Expenditure Current Report Period (2022-23)5 rows · Unit: $'000 GST inclusive

Source table on the Transparency Portal: Organisations Receiving a Share of Reportable Non-Consultancy Contract Expenditure Current Report Period (2022-23) · Licence CC BY 4.0

Organisation	Expenditure$'000 GST inclusive
Leaders IT Services Pty LtdABN 92162113546	13,146
ASG Group LtdABN 57070045117	5,664
NTT Australia Pty LtdABN 65003371239	4,828
Data#3 LimitedABN 31010545267	4,733
CBUS Property 447 Collins Street Pty LtdABN 58166821530	3,261