Brisbane City Council Notes to the consolidated financial statements for the year ended 30 June 2021
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Transactions with related parties (continued)
26(d) Transactions with other related parties (continued) Close family members of KMP were employed through arm’s length processes in accordance with Council’s recruitment policies. They are paid commensurate with the requirements of the job they perform. The figures above include all remuneration received by close family members of KMP. Council employs five staff which are close family members of KMP. In the current year, the following transactions occurred through arm's length processes under normal terms and conditions. l A close family member of a KMP of Council is a Board member of Brisbane Powerhouse Pty Ltd, which is an unremunerated position. l A director of Museum of Brisbane Pty Ltd is a KMP of Tourism and Events Queensland which provided funding and payments for event activities to Council, Brisbane Economic Development Agency Pty Ltd and City Parklands Services Pty Ltd. l A company controlled by a KMP of Museum of Brisbane Pty Ltd provided advertising services to Council and the consolidated entity. l A company controlled by a KMP of Brisbane Sustainability Agency Pty Ltd provided legal services to Brisbane Sustainability Agency Pty Ltd. l A company controlled by a KMP of CBIC provided media relations and advice to Brisbane Economic Development Agency Pty Ltd. In the prior year, the following transactions occurred through arm's length processes under normal terms and conditions. l A director of Museum of Brisbane Pty Ltd is a KMP of Tourism and Events Queensland which provided funding (for tourism networks, disaster recovery, major events and regional events) and payments (for co-operative marketing and event activities) to Brisbane Economic Development Agency Pty Ltd, Brisbane Powerhouse Pty Ltd, Major Brisbane Festivals Pty Ltd and Brisbane Powerhouse Foundation. l A company controlled by a KMP of Museum of Brisbane Pty Ltd provided advertising services to Council, Museum of Brisbane Pty Ltd, City Parklands Services Pty Ltd, Brisbane Powerhouse Pty Ltd, and Major Brisbane Festivals Pty Ltd. l A company controlled by a KMP of CBIC provided strategic communication services to Council, Brisbane Economic Development Agency Pty Ltd, City Parklands Services Pty Ltd and UU. l A company controlled by a KMP of Council provided design, data processing, print and mail services to Brisbane Sustainability Agency Pty Ltd. l A company controlled by a KMP of Council provided digital advertising services to Council. l A company controlled by a close family member of a KMP of Council provided sponsorship to Brisbane Powerhouse Pty Ltd.
26(e)
Transactions with related parties not disclosed On a regular basis ordinary citizen transactions occur between Council and its related parties. Examples include rates, use of Council pools and library borrowings. Council has not included these types of transactions in its disclosure where they are made on the same terms and conditions available to the general public.
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7 - ANNUAL FINANCIAL STATEMENTS
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