Senate debates
Monday, 20 June 2011
Bills
Corporations Amendment (Improving Accountability on Director and Executive Remuneration) Bill 2011; In Committee
Penny Wong (SA, Australian Labor Party, Minister for Finance and Deregulation) Share this | Hansard source
The Treasurer has provided the following answer to the honourable senator's question:
The Australian Reinsurance Pool Corporation did hold a CEO retirement function in Sydney on 22 November 2010.
(a) (i) The budget was $25,000.
(a) (ii) The cost was $20,045.53 comprising –
(b) The function was held at the Utzon Room, Sydney Opera House.
(c) 95 people attended the function.
The Australian Reinsurance Pool Corporation is funded from its reinsurance premium and investment income and receives no appropriation from Consolidated Revenue.
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