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Key management personnel are, broadly, the senior decision makers in a charity (for example, Responsible People, chief executive officer, chief financial officer). Key management personnel do not include team leaders or operational managers.

The ACNC takes the definition of ‘key management personnel’ from Australian Accounting Standards AASB 124 (paragraph 9) and AASB 1060 (paragraph 193):

Key management personnel are the people with authority and responsibility for planning, directing and controlling the activities of an entity, directly or indirectly, including any director (whether executive or otherwise) of that entity.

See our guidance about key management personnel remuneration.