¹ Fixed pay includes amounts paid in cash, superannuation contributions plus the portion of IAG’s superannuation contribution that is paid as cash instead of being paid into superannuation. Fixed pay also includes salary sacrifice items such as cars and parking as determined in accordance with AASB 119 Employee Benefits.

² This column includes annual and mid service leave accruals, 30% tax rebate on car allowances for certain KMP who have salary sacrifice arrangements on cars and other short term employment benefits as agreed and provided under specific conditions. Other benefits provided are limited to Craig Olsen for salary continuance insurance.

³ Payment in lieu of notice, which incorporates statutory notice and severance entitlements.

⁴ Cash STI earned within the year ended 30 June 2018 and to be paid in September 2018.

⁵ The deferred STI vesting on 1 September 2017 was valued using the five day VWAP of $6.34 (1 September 2016: $5.60).

⁶ The LTI vested was valued using the five day VWAP at vesting date which was $6.43 for awards vested on 24 August 2017 and $6.39 for awards vested on 30 September 2017 (22 August 2016: $5.90 and 30 September 2016: $5.46).

⁷ Fixed pay for Nicholas Hawkins and Julie Batch has increased between the 2017 and 2018 financial years as their remuneration in the 2017 financial year was increased part way through the year.

⁸ Remuneration for Tim Clark and Ben Bessell is presented for the period for which they served as a KMP. As Tim Clark was not a KMP in the prior year, no information is shown for the year ended 30 June 2017.

⁹ Remuneration for Craig Olsen was determined in New Zealand dollars and reported in Australian dollars using the average exchange rate for the year ended 30 June 2018 which was 1 NZD = 0.922 AUD.