The Auditor-General has released her report on “Executive Remuneration Disclosed in ACTEW Corporation Limited’s (ACTEW) 2010-11 Financial Statements and Annual Report 2011”.
While it seems everything else is in order it took a long time to clear up the matter of the Managing Director’s pay:
The issuing of a corrigendum for ACTEW’s Annual Report 2011 was not undertaken in a timely manner. ACTEW identified the error on 3 October 2012 and the corrigendum was issued on 8 March 2013. More timely provision of advice from the ACT Government may have reduced this time. The communication processes between the ACT Government and ACTEW need to be documented.