Victorian public entity executive employment

Context

A public entity executive is a senior public official employed by the board or CEO of a public entity in accordance with the Public Entity Executive Remuneration (PEER) Policy and PAA. Public entity executives are employed under their entity’s establishing legislation.

If you are after information about executives in the Victorian public service, please visit the website, Victorian public service executive employment.

Public Entity Executive Remuneration Policy

The Public Entity Executive Remuneration (PEER) Policy supports consistency and transparency in executive employment and remuneration in prescribed public entities.

The PEER Policy requires that:

• executive roles in prescribed public entities are classified under the relevant framework;
• executive roles in prescribed public entities are appropriately remunerated in accordance with the relevant remuneration band; and
• executive contracts contain specified contractual terms and conditions.

For more detail on the PEER Policy and its requirements, please visit the PEER Policy website.

Executive employment contract and handbook

The contract

The Standard Executive Employment Contract has been developed for use when employing executives in prescribed public entities. The contract contains details of the employment arrangements for executives including remuneration and superannuation, termination and leave.

While the use of this contract is not mandatory, it is strongly encouraged to ensure consistency with government policies. The contract has been drafted with clauses in bold reflecting core terms and conditions which are mandated by the Public Entity Executive Remuneration Policy.

The contract is available for download here:

The handbook

The handbook is intended to support executives and their employers in interpreting and understanding the contract. Specifically, it:

• assists public entities to manage employment contracts, remuneration and employment matters relating to executives,
• provides further guidance to executives and employers in public entities on executive employment and remuneration policy standards
• outlines the government’s expectations around executive employment practices, and
• provides direction to other related policies, resources and materials.

Previous contract and handbook

The previous contract and handbook are available for download.

This version of the contract should not be used for any new appointments or reappointments.

Remuneration

The Victorian Independent Remuneration Tribunal (Tribunal) determines the executive remuneration bands for executives employed in VPS bodies and in prescribed public entities.

The remuneration paid to a public entity executive must be within their relevant remuneration band. An executive’s relevant remuneration band is determined based on the outcome of a work value assessment, conducted according to the work value assessment methodology in the Victorian Public Sector Commission (VPSC) classification frameworks.

Employers make decisions as to an individual executive’s remuneration. The Tribunal has issued guidelines to assist employers in placing public entity executives within the relevant remuneration bands. In exceptional circumstances, if an employer is proposing to pay an executive above the maximum rate of the relevant remuneration band, advice from the Tribunal must be obtained and considered. Refer to the Tribunal website for further guidance.

Annual remuneration adjustments

The remuneration settings for public sector executives are subject to review each year. Find information about these adjustments as they apply to for public sector executives (as well as appointees to public sector boards and statutory office holders) on the website, Executive and senior office holders annual remuneration changes.

Executive motor vehicle scheme

Public entity executives may be able to access a motor vehicle as part of their remuneration package under the Executive Motor Vehicle Scheme.

Information on the Scheme can be found on the website, Executive Motor Vehicle Scheme.

Other relevant bodies