405Exemption from Ministerial approval for certain termination payments to senior staff

405 Exemption from Ministerial approval for certain termination payments to senior staff

405 Exemption from Ministerial approval for certain termination payments to senior staff

(1) The following kinds of payments to a senior staff member are exempted from section 354A of the Act—

(a) a termination payment that does not exceed the value of the senior staff member’s total remuneration package over the 12 months preceding his or her termination of employment,

(b) a payment to which the senior staff member is entitled, on termination of employment, under any Act,

(c) a payment for untaken long service leave or untaken sick leave that does not exceed an amount to which a member of staff of a council, other than a senior staff member, would be entitled under any Act or award (within the meaning of section 27 of the Industrial Relations Act 1996).

(2) For the purposes of subsection (1)(a), a senior staff member’s total remuneration package includes the matters set out in section 332(3)(a)–(d) of the Act.