Under section 87 (2) (c) of the Education Act 1989, I require each board of trustees to include in the annual report to the Secretary for Education a report on the total remuneration paid to the school principal employed by the board as follows:
1. The amount paid in salary, wages and other
payments, whether in the form of bonuses or otherwise, in return for services. This includes
any allowances, extra pays or gratuities, payments made on account of a personal liability or expense incurred by the principal, accommodation or housing subsidy, redundancy compensation and payments made in connection with the resignation, retirement or termination of employment (other than damages for breach of an employment agreement).
2. The value of any benefits and other emoluments (whether in money or not) in return for services.
This includes private use of a motor vehicle provided by the board, subsidised transport, loans, employer contributions to a personal superannuation plan and payments of premiums to income replacement, life or health insurance plans.
3. The total remuneration under sections 1 and 2 above should be reported in $10,000.00 pay bands.
4. Report separately on the total remuneration for each principal or acting principal employed during the financial year.
5. The reporting requirements set out in this notice apply to the annual report for the 2004 financial year, and each subsequent financial year.
Dated at Wellington this 19th day of November 2004.
TREVOR MALLARD, Minister of Education.