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Reviewing remuneration during a chief executive's term

There is a minimum of one mid-term review of Target Remuneration where the chief executive's appointment term is for more than three years, with flexibility for the Commissioner to undertake additional reviews as he sees fit.

The reduced frequency of the reviews (which previously were annual) has been set to reflect the current low inflation environment. The Commissioner may revisit the frequency if the rate of inflation warrants it in the future.

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