Annual report 2021/22

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 we 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) 4,007 3,911
Full-time equivalent key management personnel 13 12

Key management personnel at 30 June 2022 comprised the Controller and Auditor-General, the Deputy Controller and Auditor-General, and the other 11 members of the OAG and Audit New Zealand Leadership Teams.

The other 11 members include a newly established position in 2021/22 of General Manager, Specialist Services. The new position leads the new Specialist Services Group, comprising our existing Information Systems Audit and Assurance and Specialist Audit and Assurance Services teams. An appointment to the position was made on 13 June 2022.