Appendix A (AASB124_07-15_COMPmar20_07-21)

The following terms are also used in this Standard with the meaning specified.

Director means:

(a)            a person who is a director under the Corporations Act; and

(b)            in the case of entities governed by bodies not called a board of directors, a person who, regardless of the name that is given to the position, is appointed to the position of member of the governing body, council, commission or authority.

Remuneration is compensation as defined in this Standard.

Although the defined term ‘compensation’ is used in this Standard rather than the term ‘remuneration’, both words refer to the same concept and all references in the Corporations Act to the remuneration of directors and executives is taken as referring to compensation as defined and explained in this Standard.