to Report to Secretary for Education on Total Remuneration of Principal
Under section 87 (2) (ca) (iv) 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's principal (in the principal's capacity as an employee) as follows:
1. The total remuneration to be reported is:
(a) 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, recruitment or retention payments, payments on account of a personal liability or expense incurred by the principal and accommodation or housing subsidy;
(b) The amount paid in connection with the
termination of employment by resignation, retirement, redundancy or dismissal, including
any compensation or ex gratia payment in settlement of an employment relationship problem or personal grievance; and
(c) 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.
2. The amount specified in sections 1 (a), 1 (b) and 1 (c) respectively shall be separately reported in $10,000.00 bands for each section, except that if the amount is less than $10,000.00 then that amount shall be reported in $1,000.00 bands under the relevant section.
3. The total remuneration of each principal or acting principal employed during the financial year shall be reported separately.
4. The reporting requirements set out in this notice shall apply to the annual report for the 2004 financial year, and each subsequent financial year.
Dated at Wellington this 1st day of February 2005.
DAVID BENSON-POPE, Associate Minister of Education.