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33. Related party disclosures

Key management personnel remuneration

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of AGL, directly or indirectly, including the Directors of the Parent Entity.

The aggregate remuneration made to key management personnel is set out below:

2020
$000

2019
$000

Short-term employee benefits

8,666

9,758

Post-employment benefits

234

237

Termination benefits

1,023

3,313

Share-based payments

2,644

2,599

Total remuneration to key management personnel

12,567

15,907

Further details are contained in the Remuneration Report attached to and forming part of the Directors’ Report.

Amounts owing by joint ventures and joint operations

ActewAGL Retail Partnership

27,428

53,392

Powering Australian Renewables Fund

-

151

North Queensland Energy Joint Venture

188

188

The amount owing is unsecured, interest free and will be settled in cash. No expense has been recognised in the current or the prior period for bad or doubtful debts in respect of the amounts owed by joint ventures.

Amounts owing to joint ventures and joint operations

Powering Australian Renewables Fund

16,318

7,112

The amount owing is unsecured, interest free and will be net settled in cash.

Trading transactions with joint ventures and joint operations

2020
$000

2019
$000

ActewAGL Retail Partnership

AGL sold gas and electricity to the ActewAGL Retail Partnership on normal commercial terms and conditions.

Net amounts received

373,149

369,024

Powering Australian Renewables Fund

AGL has purchased electricity and environmental products from Powering Australian Renewables Fund on normal commercial terms and conditions.

Net amounts (paid)/received

(18,516)

155

AGL received management fees from Powering Australian Renewables Fund for overseeing the operation and construction of its generation assets.

Net amounts received

1,762

1,863

North Queensland Energy Joint Venture

North Queensland Energy Joint Venture (NQE) pays management fees to AGL as the operator of NQE.

Net amounts received

750

750

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