Directors’ Report
56
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In the event of the completion of a takeover (relevant interest exceeds 50%) the executive will receive a lump sum gross payment equal to 
between six to 12 months of the Total Remuneration Package (all executives are entitled to 12 months except Ross Coyle, Joel Forwood 
and Ron James who are entitled to six months). If within six months after the completion of the takeover the executive elects to terminate 
his employment or his employment is terminated by the Company the executive will not be entitled to any notice of termination or 
payment in lieu of notice.
Non-Executive Directors Fees
Non-Executive Directors, including the Chairman, are paid fixed fees for their services to the Group plus statutory superannuation  
contributions the Company is required by law to make on behalf of Non-Executive Directors. Those fees are inclusive of any salary-sacrificed 
contribution to superannuation that Non-Executive Directors wish to make. 
The level of Non-Executive Directors fees is set so as to attract the best candidates for the Board while maintaining a level commensurate 
with boards of similar size and type. The Board may also seek the advice of independent remuneration consultants, including survey data, 
to ensure Non-Executive Directors’ fees and payments are consistent with the current market. 
Non-Executive Directors’ base fees inclusive of committee membership but not including statutory superannuation are outlined below.
 2013  
$
 2012  
$
Chairman 160,000 160,000
Directors 300,000 300,000
460,000 460,000
The aggregate remuneration of Non-Executive Directors is set by shareholders in general meeting in accordance with the Constitution of 
the Company, with individual Non-Executive Directors remuneration determined by the Board within the aggregate total. The aggregate 
amount of Non-Executive Directors’ fees approved by shareholders on 13 November 2008 is $1,000,000.
Non-Executive Directors do not receive any additional fees for serving on committees. 
There are no retirement allowances for Non-Executive Directors.