Note 17: Related party transactions

The Office is a wholly owned entity of the Crown.

Related party disclosures have not been made for transactions with related parties that are within a normal supplier or client relationship on terms and conditions no more or less favourable than those that it is reasonable to expect that the Office would have adopted in dealing with the party at arm's length in the same circumstances.

Key management personnel compensation

Key management personnel remuneration ($000) 3,839 3,792
Full-time equivalent key management personnel 12 12

Key management personnel at 30 June 2020 comprised the Controller and Auditor-General, the Deputy Controller and Auditor-General, and the other 10 members of the OAG and Audit New Zealand Leadership Teams.