Speech Pathology Australia 2022 Annual Report

19 Related parties The Company’s related parties include its Key Management Personnel and related entities. 19.1 Key management personnel disclosures 2022 $

23 Members’ guarantee The Company is incorporated under the Corporations Act 2001 and is a Company limited by guarantee. If the Company is wound up, the constitution states that each member is required to contribute a maximum $100 each towards meeting any outstanding obligations of the entity. At 31 December 2022, the total amount that members of the Company are liable to contribute if the Company wound up is $1,317,400 (2021: $1,256,100).

2021 $

Directors and key staff remuneration

271,409

248,796

Payment of remuneration of Directors and key staff represents the National President honorarium paid and remuneration of the Chief Executive Officer. The rest of the Directors are not paid a fee. 19.2 Related party transactions The Company has received membership fees from directors for the year ended 31 December 2022 totalling $3,589 (2021: $4,093). The Company paid for all but one director (7) and the Chief Executive Officer to attend the national conference in May 2022 at a total cost of $3,025. The national conference in 2021 was virtual and was offered as a free event for all directors and the Chief Executive Officer. Unless otherwise stated, none of the transactions incorporate special terms and conditions and no guarantees were given or received. Outstanding balances are usually settled in cash. 20 Contingent liabilities There are no contingent liabilities that have been incurred by the Company in relation to 2022 and 2021. Commitments The Company has no other commitments to note as at 31 December 2022 (2012: Nil) other than its lease contracts. 22 Bequests 21

2022 $

2021 $

Betty Usher Lecture Fund Opening Balance

56,299

56,294

Interest Income Funding Support Closing Balance

903

229

(1,074) 56,128

(224)

56,299

Nadia Verrall Scholarship Opening Balance

10,000

10,000

Deposit

5,000

0 0

Funding Support Closing Balance

(5,000) 10,000

10,000 Balances for the Betty Usher Fund and Nadia Verrell Scholarship are shown in the balance sheet as part of the Financial Assets. Funds were merged in 2009 to be held as one term deposit account.

21 2022 ANNUAL REPORT Speech Pathology Australia