40 Annual Report
19 Related party transactions and key personnel
remuneration
Related party transactions
The Law Commission is an independent crown entity. The government
significantly influences the role of the Law Commission in addition to
being its major source of revenue.
Any transactions that the Law Commission enters into with government
departments, state-owned enterprises and other crown entities occur
within a normal supplier or client relationship on terms and conditions
no more or less favourable than those which it is reasonable to expect
the Law Commission would have adopted if dealing with that entity at
arms length. Therefore they are not considered related party
transactions.
There have been during the course of this financial year, three close
family members of key personnel employed by the Law Commission on
a casual basis. The terms and conditions of those arrangements were no
more favourable than the Law Commission would have adopted if there
were no relationship to key personnel.
k ey management personnel compensation
2008
2007
a ctual
a ctual
$
$
Salaries and other short-term employee benefits
1,539,352
1,123,559
Post employment benefits
0
0
Other long term benefits
0
0
Termination benefits
0
0
Total key management personnel compensation
1,539,352
1,123,559