Corporate plan and performance reporting
Annual Report
TEQSA's Annual Report, prepared in accordance with section 46 of the Public Governance Performance and Accountability Act 2013, reports on our performance over the preceeding financial year. The report describes our achievements against the purposes and indicators set out in the TEQSA Corporate Plan 2016–20 and our 2016–17 Portfolio Budget Statements.
Corporate Plan
TEQSA’s corporate plan sets out our activities and priorities for the next four reporting periods (from 2017-18 to 2020-21) and has been approved by the Minister for Education and Training.
Regulator Performance Framework Report 2016-2017
Under the Regulator Performance Framework (RPF), TEQSA is required to self-assess our performance and obtain validation from an external body. This report has been reviewed and validated by the Higher Education Standards Panel and certified by TEQSA’s Accountable Authority. The report has also been provided to the Minister of Education and Training.
The RPF Report 2016-2017 is based on operational qualitative and quantitative data, and includes the results of a sector-wide survey completed in July 2017.
The 2016-2017 Regulator Performance Framework report is based on the on the framework used for the 2015-2016 report.
Stakeholder Survey for Higher Education Providers 2017
In July-August 2017 TEQSA conducted its second sector wide survey. The purpose of the survey was to increase our accountability, better understand our impact on higher education providers, and improve our performance. The 2017 survey consisted of:
- one provider specific version with principal contacts for all Higher Education providers (those registered as well as those who had submitted initial registration applications)
- a brief survey for the operational head of selected peak/professional/student bodies.
View the TEQSA Stakeholder Survey 2017: Report of Overall Findings.
Executive Remuneration Reporting
The following tables outline the remuneration of substantive TEQSA executives employed during the 2016-17 and 2017-18 financial years.
Table A (2017-18)
Remuneration paid to executives during the reporting period 2017-18
| Total Remuneration | Executives No. | Average Reportable Salary | Average Contributed Superannuation | Average Allowances | Average Bonus Paid | Average Total Remuneration |
|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | ||
| $200,000 and less | 8 | 133,403 | 19,820 | - | - | 153,223 |
| $250,001 to $275,000 | 1 | 238,718 | 22,678 | - | - | 261,396 |
| $400,001 to $425,000 | 1 | 424,741 | - | - | - | 424,741 |
| Total number of executives | 10 |
Table B (2017-18)
Remuneration paid to other highly paid staff in reporting period 2017-18
TEQSA did not have other highly paid staff with reportable remuneration of $200,001 or more in the reporting period 2017-18.
Table A (2016-17)
Remuneration paid to executives during the reporting period 2016-17
| Total Remuneration | Executives No. | Average Reportable Salary | Average Contributed Superannuation | Average Allowances | Average Bonus Paid | Average Total Remuneration |
|---|---|---|---|---|---|---|
| $ | $ | $ | $ | $ | ||
| $200,000 and less | 6 | 144,609 | 21,389 | - | - | 165,998 |
| $200,001 to $225,000 | 1 | 173,108 | 32,649 | - | - | 205,757 |
| $225,001 to $250,000 | 1 | 208,839 | 19,840 | - | - | 228,679 |
| $375,001 to $400,000 | 1 | 380,299 | 9,962 | - | - | 390,261 |
| Total number of executives | 9 |
Table B (2016-17)
Remuneration paid to other highly paid staff in reporting period 2016-17
TEQSA did not have other highly paid staff with reportable remuneration of $200,001 or more in the reporting period 2016-17.
Key requirements/definitions
The 'reportable salary' column is prepared on a cash basis using reportable salary as defined as the sum of:
- gross payments (including bonuses)
- reportable fringe benefits (net amount)
- reportable employer superannuation
as reported in an individual's payment summary.
The 'contributed superannuation' column is prepared on a cash basis using contributed superannuation as defined as follows:
- for individuals that are in a defined contribution scheme (e.g. PSSap), "contributed superannuation" should include the defined contribution amounts. This amount is typically located on the individual's payslips
- for individuals that are in a defined benefit scheme (e.g. PSS and CSS), "contributed superannuation" should include the Notional Employer Contribution Rate (NECR) amount, Employer Productivity Superannuation Contribution (also known as the Productivity Component) and any Additional Lump Sum Contribution paid during the financial reporting period.
This information is reported under Executive Remuneration Reporting Guidelines set out by the Department of Prime Minister and Cabinet.