annual report 2012 ANZ right place right time

RIGHT PLACE RIGHT TIME 2012 ANNUAL REPORT [...].. .ANZ ANNUAL REPORT 2012 Events Since the End of the Financial Year There were no significant events from 30 September 2012 to the date of this report Future Developments Details of likely developments in the operations of the Group and its prospects in future financial years are contained in this Annual Report under the Chairman’s Report and Chief Executive Officer’s Report In the opinion... (deferred shares and deferred share rights) and LTI (performance rights and deferred share rights) are granted are approved by the Board in accordance with the rules of the ANZ Employee Share Acquisition Plan and/or the ANZ Share Option Plan 7 Linking Remuneration to Balanced Scorecard Performance 7.1 ANZ PERFORMANCE TABLE 2: ANZ S FINANCIAL PERFORMANCE 2008 – 2012 2012 2010 2009 2008 5,661 6,011 15.6%... I Macfarlane D Meiklejohn5 A Watkins Total of all Non-Executive Directors Fees1 $ Post-Employment Non monetary benefits $ Super contributions $ Total remuneration2,3 $ 2012 2011 2012 2011 2012 2012 2011 2012 2011 2012 2011 2012 2011 2012 2011 775,000 775,000 300,000 300,000 136,250 302,500 302,500 280,000 280,000 314,500 314,500 320,000 320,000 312,500 312,500 – – – – – – – – – – – 1,322 186 – – 15,949... detailed in note 45 of the 2012 financial statements Details of shares issued as a result of the exercise during the 2012 financial year of options/rights granted to employees are detailed in note 45 of the 2012 financial statements Other details about the share options/rights issued, including any rights to participate in any share issues of the Company, are set out in note 45 of the 2012 financial statements... relation to the audit KPMG Andrew Yates Partner Melbourne 5 November 2012 12 ANZ ANNUAL REPORT 2012 REMUNERATION REPORT Contents 1 Basis of Preparation 14 2 Key Management Personnel 14 3 Role of the Board in Remuneration 15 4 HR Committee Activities 15 5 Remuneration Strategy and Objectives 16 6 The Composition of Remuneration at ANZ 6.1 Fixed Remuneration 6.2 Variable Remuneration 6.2.1 Short Term... $100,000 paid in cash; 25% of STI above $100,000 deferred in ANZ equity for one year; and 25% of STI above $100,000 deferred in ANZ equity for two years The deferred component of bonuses paid in relation to the 2012 year is delivered as ANZ deferred shares or deferred share rights Where deferred share rights are granted, for grants made after 1 November 2012 at the Board’s discretion, any portion of the award... number of performance rights allocated ($500,000/$9.03) $9.03 55,370 LTI ARRANGEMENTS FOR THE CRO Deferred share rights The CRO is the only Disclosed Executive to receive LTI deferred share rights Deferred share rights are subject to a time- based vesting hurdle of three years, during which time they are held in trust The value used to determine the number of LTI deferred share rights to be allocated... external auditor during the year ended 30 September 2012 is compatible with the general standard of independence for external auditors imposed by the Corporations Act 2001 ANZ ANNUAL REPORT 2012 Directors and Officers who were previously Partners of the Auditor Mr Marriott, the Company’s Chief Financial Officer up to 31 May 2012, was a Partner of KPMG at a time when KPMG was the auditor of the Company In... date of this report are detailed in note 46 of the financial statements Details of options/rights issued over shares granted to the Chief Executive Officer and Disclosed Executives during the 2012 financial year and as at the date of this report are detailed in the Remuneration Report Details of options/rights issued over shares granted to employees and on issue as at the date of this report are detailed... options will vest 26 ANZ ANNUAL REPORT 2012 Change of control In the event of takeover, scheme of arrangement or other change of control event occurring, the performance condition applying to the performance rights will be tested and the performance rights will vest based on the extent the performance condition is satisfied No pro rata reduction in vesting will occur based on the period of time from the date . RIGHT PLACE RIGHT TIME 2012 ANNUAL REPORT