Department of Corporate and Information Services annual report 2016-17
Annual report 2016-17
Northern Territory. Department of Corporate and Information Services
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Made available by the Library & Archives NT via the Publications (Legal Deposit) Act 2004 (NT).
Northern Territory. Department of Corporate and Information Services -- Periodical
Northern Territory Government
Department of Corporate and Information Services annual report; Annual report
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Northern Territory Government
Annual Report 2016-17 | Department of Corporate and Information Services 181 NT FLEET FINANCIAL REPORT 19. Related Parties i) Related Parties NT Fleet is a government administrative entity and is wholly owned and controlled by the Territory Government. Related parties of the department include: the Portfolio Minister and key management personnel (KMP) because they have authority and responsibility for planning, directing and controlling the activities of the department directly; spouses, children and dependents who are close family members of the Portfolio Minister or KMP; all public sector entities that are controlled and consolidated into the whole of government financial statements; any entities controlled or jointly controlled by KMPs or the Portfolio Minister or controlled or jointly controlled by their close family members. ii) Key Management Personnel (KMP) Key Management Personnel of NT Fleet are those persons having authority and responsibility for planning, directing and controlling the activities of NT Fleet. These include the Minister for Corporate and Information Services, the Chief Executive Officer of DCIS and the two members of the executive team of NT Fleet. iii) Remuneration of Key Management Personnel The details below exclude the salaries and other benefits of Minister as the Minister's remunerations and allowances are payable by the Department of the Legislative Assembly and consequently disclosed within the Treasurers Annual Financial Statements. The aggregate compensation of key management personnel of NT Fleet is set out below: 2016-17 $000 Short-term benefits 211 Post-employment benefits 34 Long-term benefits Termination benefits Total 245 DCIS provides management services to NT Fleet and the amount relating to KMP has been included in the figures above. iv) Related party transactions Transactions with Northern Territory Government controlled entities NT Fleets primary ongoing source of funding is received from Northern Territory Government controlled entities. The following table provides quantitative information about related party transactions entered into during the year with all other Northern Territory Government controlled entities. 2017 Related Party Transactions Related Party Revenue from related parties Payments to related parties Amounts owed by related parties Amounts owed to related parties $000 $000 $000 $000 All NT Government agencies 38 093 7 652 717 7 234 Associates - - - Subsidiaries - - - Other related party transactions Given the breath and depth of Northern Territory Government activities, related parties will transact with the Northern Territory Public Sector in a manner consistent with other members of the public including paying stamp duty and other government fees and charges and therefore these transactions have not been disclosed. There were no other party transactions to be reported.