Page 1720 - Week 05 - Thursday, 11 May 2006

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(3) If Mr Costello has received an increase in his salary, who conducted the analysis and provided the recommendations on which this increase was based.

Mr Stanhope: The answer to the member’s question is as follows:

(1) No.

(2) I am advised by ACTEW that in July 2005 Mr Costello received an increase of 3% in remuneration. The ACTEW Board made this decision based on an assessment of his performance. Mr Costello’s remuneration is reported in ACTEW’s Annual Report.

(3) I am advised by the ACTEW Chairman that Mr Costello has received no other increase in his remuneration since July 2005. I am specifically assured that he has not received any compensation from ACTEW for the work he has done on the Strategic and Functional Review.

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