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    <lastmod>2025-11-01</lastmod>
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      <image:title>Banking Royal Commission - Submission to the royal commission into misconduct in the banking, superannuation and financial services industry.</image:title>
      <image:caption>In this Submission to the Royal Commission Board Advisor and Corporate Governance Specialist, Geoff Nunn, explores the possibility that the configuration of Executive Remuneration in the “Big Four” banks in Australia, and other financial services organisations which follow a similar model, might be implicated in instances of negative corporate social behaviour that has been reported in recent years. VIEW THE SUBMISSION HERE</image:caption>
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      <image:title>Banking Royal Commission - Make it stand out</image:title>
      <image:caption>Whatever it is, the way you tell your story online can make all the difference.</image:caption>
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    <lastmod>2025-05-05</lastmod>
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      <image:title>Board Remuneration Strategy</image:title>
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      <image:title>Board Remuneration Strategy</image:title>
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      <image:title>Board Remuneration Strategy - Board Remuneration</image:title>
      <image:caption>Directors fees need to be equitable and appropriate for company size and the market in which it operates. Directors bring their expertise to contribute to business success and ensure that governance obligations are met. They seek to focus management on the company’s core purpose. This needs to be recognised and rewarded.</image:caption>
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    <loc>https://www.gna.net.au/tailored-remuneration-solutions</loc>
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    <lastmod>2025-05-05</lastmod>
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      <image:title>Tailored Remuneration Solutions</image:title>
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      <image:title>Tailored Remuneration Solutions</image:title>
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      <image:title>Tailored Remuneration Solutions</image:title>
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      <image:title>Tailored Remuneration Solutions</image:title>
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      <image:title>Tailored Remuneration Solutions</image:title>
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      <image:title>Tailored Remuneration Solutions</image:title>
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      <image:title>Tailored Remuneration Solutions</image:title>
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      <image:title>Tailored Remuneration Solutions</image:title>
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      <image:title>Tailored Remuneration Solutions - Case Study Overview:</image:title>
      <image:caption>The Board requested benchmarking of the CEO and each executive role against the utilities market, specifically for a company of their size, operating environment and revenue base. Using our ‘Tailored Remuneration Solutions’ approach we helped to develop a streamlined strategy and structure. This included the design of a market aligned fixed remuneration structure that recognised individual executive performance and capability. STI and LTI Plans were reviewed and simplified. Alignment with corporate and individual KPIs was strengthened to ensure a clear line of sight with those measures which have the most impact. The overall executive remuneration strategy was revised and simplified. It was captured in a single document for Remuneration Committee and Board approval.</image:caption>
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    <loc>https://www.gna.net.au/remuneration-governance-processes</loc>
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    <lastmod>2025-05-05</lastmod>
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      <image:title>Remuneration Governance Processes</image:title>
      <image:caption>“A listed entity should have a rigorous and transparent process for developing its remuneration policy and for fixing the remuneration packages of directors and senior executives. That process should include benchmarking the remuneration of directors and senior executives to that paid by the entity’s peers to verify that it is not excessive. No individual director or senior executive should be involved in deciding their own remuneration.” ASX Governance Principles and Recommendations 2019 Page 45</image:caption>
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  <url>
    <loc>https://www.gna.net.au/apracps511</loc>
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    <lastmod>2024-06-13</lastmod>
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      <image:title>APRA DRAFT STANDARD CPS 511 - Make it stand out</image:title>
      <image:caption>APRA Chair Wayne Byres</image:caption>
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  <url>
    <loc>https://www.gna.net.au/articles-newsletters</loc>
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    <lastmod>2026-03-31</lastmod>
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      <image:title>Articles &amp; Newsletters - Renewables Benchmarking 2023</image:title>
      <image:caption>With all the activity going on in the renewables sector in Australia and New Zealand some companies have been paying a premium to attract the right directors, CEOs and senior executives.  Renewable companies face challenges in attracting the right people, particularly when finances are tight and projects not yet generating a sustainable income stream.  Our latest Governance Update sets out some remuneration strategy parameters for renewable companies and describes our inaugural benchmark of senior leaders in the Sector. You can view the PDF here:  Renewables Benchmark 2023 Governance Update</image:caption>
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      <image:caption>Utilities Benchmarking 2023 Our annual Utilities Benchmark for 2023 is now complete and the results are available by contacting Geoff Nunn on gtnunn@gna.net.au. We cover board, CEO and executive remuneration in utility companies across Australia and New Zealand We’ve included a few of the key findings in our latest newsletter which you can find here:.</image:caption>
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      <image:caption>Executive Remuneration Structuring - A Critical Governance Imperative We often get asked the question:  “What‘s the best executive remuneration framework for our organisation?”  There is no one-size fits all.  Each company’s executive remuneration framework needs to be specifically designed for its governance and operating environment.  There are a range of factors to take into account: The company’s ownership and governance structure. The degree to which the company has a market monopoly. The applicable regulatory framework. The company’s operating and risk environment. The company’s commercial orientation and focus. The company’s geographic scope of operations. In this Newsletter we are going to discuss three base executive remuneration frameworks and the environments in which they might be appropriate.</image:caption>
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      <image:title>Articles &amp; Newsletters - Remuneration Reviews 2022 - The Issues</image:title>
      <image:caption>The 2022 annual remuneration review for the board, CEO and executive team is just around the corner.  Many utility organisations placed reviews on hold during 2020 and 2021.  We forecast upward reviews in the range of 2.0% to 2.5% this year.  See our latest newsletter here:</image:caption>
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      <image:title>Articles &amp; Newsletters - Remuneration Benchmarking in the Utilities Sector</image:title>
      <image:caption>Each year we undertake a benchmark analysis of board and executive remuneration in the Utilities Sector across Australia and New Zealand.  This year we analysed remuneration practice for sixty-one utility companies involved in electricity generation, transmission, distribution and retail, gas production, distribution and retail, water supply, wastewater treatment, recycling and retail. 2021 was a year of consolidation and structural review. Some of the highlights are discussed in our latest newsletter. You can download the PDF here: January 2022 Governance Update</image:caption>
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      <image:caption>The Renewable Paradigm Shift</image:caption>
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      <image:title>Articles &amp; Newsletters - The Board &amp; Executive Remuneration Review Conundrum</image:title>
      <image:caption>In this Newsletter we talk about the dilemma facing remuneration committees in considering the 2020 annual review of board and executive remuneration. In the current environment boards and remuneration committees face a conundrum.  Whether to proceed with the next annual board and executive remuneration review or affect a freeze.  In our last advice we canvassed the possibility cuts and freezes might lead to a correction in the executive remuneration market.  This now seems a reality.  If a sufficient number of companies report a zero increase or a reduction in same incumbent remuneration then the market will flatten or go backward.  Just the same as the housing market when the median house price falls.  It could be quite significant when you take into account that many STI and LTI plans will either be set to zero by board decision or fail to activate because KPIs are not met.  If we can help give Geoff a call on 0418 595 107 or email gtnunn@gna.net.au.</image:caption>
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      <image:title>Articles &amp; Newsletters - The Shifting Governance &amp; Leadership Landscape: Covid-19</image:title>
      <image:caption>In our second April, 2020 Newsletter we talk about the latest McKinsey Briefing, Global Health and Crisis Response 13 April 2020. It contains insights and for directors and executives. The first part of the report looks at how countries have responded to the virus and the effectiveness of actions taken. The second part looks at the economic impact and the fallout for companies and government entities large and small. In particular the changes in consumer behaviour and consequences for different industry segments. What will the depth of the disruption be? How long will it last and what will the shape of any recovery look like? We continue our review of the global pandemic’s impact on board and executive remuneration. If we can help give Geoff a call on 0418 595 107 or email gtnunn@gna.net.au. You can download the PDF here:</image:caption>
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      <image:title>Articles &amp; Newsletters</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1631490167654-QD8J6RD9PQ5WMIS2MH79/10780094-3x2-700x467.jpg</image:loc>
      <image:title>Articles &amp; Newsletters</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1630547139338-ZYTJZDOX1DIU7JCANL4Z/unsplash-image-2_K82gx9Uk8.jpg</image:loc>
      <image:title>Articles &amp; Newsletters</image:title>
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  </url>
  <url>
    <loc>https://www.gna.net.au/about</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-10-31</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/76010fd4-21b0-439f-a6c5-3485db72d93d/Geoff+Update.png</image:loc>
      <image:title>ABOUT - Geoff Nunn</image:title>
      <image:caption>Governance and Social Commentary</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.gna.net.au/bespoke-analysis</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-02-22</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1629867544813-NURXHF71DIXY7HNOVO5H/unsplash-image-FlPc9_VocJ4.jpg</image:loc>
      <image:title>Bespoke Analysis</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/2c692664-b770-4454-a504-96927e1b0b4e/business_planning-100671979-primary.idge.jpg</image:loc>
      <image:title>Bespoke Analysis</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/ae50689d-cf4e-471d-9ff1-1ab031083bbf/Deputy+Chair+Page+15.png</image:loc>
      <image:title>Bespoke Analysis</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/6baf6158-1e14-401f-b9f3-81bb1c2df583/sebastian-mark-WF7mX19wbHg-unsplash.jpg</image:loc>
      <image:title>Bespoke Analysis</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/4ad08285-ce27-43ab-a9ab-b6dac6e5acbc/Crystal+Ball+Page+37.png</image:loc>
      <image:title>Bespoke Analysis</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/0431c828-b561-4754-9bd4-cb0f6feff83f/CEO+Image+for+Website.jpg</image:loc>
      <image:title>Bespoke Analysis</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/ff51fde5-bc91-4139-9d0d-bfeaf96430a7/nicholas-doherty-cropped.jpg</image:loc>
      <image:title>Bespoke Analysis</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1629866077495-1T0UFCY5CDZA4HPAFO5P/dartboard.jpg</image:loc>
      <image:title>Bespoke Analysis - Business Decisions Based on Actionable Intelligence</image:title>
      <image:caption>Last year we analyse data from around 70 utility companies across Australia and New Zealand. Our primary focus is on our core expertise; remuneration for directors, CEOs and the executive team. In the process we gather specific data on: The Quantum of Board, CEO and Executive Remuneration How Companies Structure Executive Packages Levels of STI and LTI “At Risk” Remuneration Board and Executive Market Movements KPIs Driving Corporate Performance Year on Year Changes in Revenue and Return on Equity Remuneration Market Forecasts We can provide your organisation with specific analyses based on your requirements (as data permits). No-one else analyses information in quite the same way that we do.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.gna.net.au/theriskchallenges</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2026-03-31</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/541ee28f-f93d-4aef-9610-d25382773f19/diversity+image.jpg</image:loc>
      <image:title>The Risk Challenges</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/47137735-438b-4e4f-9aa4-8c057702d6c3/business_planning-100671979-primary.idge.jpg</image:loc>
      <image:title>The Risk Challenges</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1739932731769-TGPD95ZK8TSO2CQ2LRE3/unsplash-image-DkfnGxoy5NI.jpg</image:loc>
      <image:title>The Risk Challenges</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/0f6789f5-a994-4503-a92e-af2d893b8a35/Board+Hot+Spots.png</image:loc>
      <image:title>The Risk Challenges</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/8c24c08c-9a41-4013-aec5-d3aa1749022c/Australian+Public+Service.jpg</image:loc>
      <image:title>The Risk Challenges</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/92231698-63b7-453f-ae3d-730b7b83b4bf/2026+Doomsday+Clock+Reveal-19.jpg</image:loc>
      <image:title>The Risk Challenges</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/ea379247-2c7d-4236-ba07-faaa86730a01/sovereign-risk.jpg</image:loc>
      <image:title>The Risk Challenges - Strategic Navigation in Turbulent Times</image:title>
      <image:caption>The governance and leadership landscape presents unprecedented challenges.  The only thing certain about 2026 and beyond is that the future is uncertain.  When the 47th US President assumed office on the 20th January 2025 he did so with an agenda of disruption.  He set about putting this into practice in ways that have challenged the global order. With the results of 2025 Australian election, companies, government businesses, government entities and community service organisations are assured of some policy stability.  We’re not insulated from world events however, and sovereign risk needs to remain front and centre for all boards, CEOs and executive teams in 2026. On this page we’ve outlined some of the major risks and issues facing companies, the public sector, the environment and communities.</image:caption>
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  </url>
  <url>
    <loc>https://www.gna.net.au/kpi-analysis</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2024-07-13</lastmod>
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      <image:title>Applied Intelligence</image:title>
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      <image:title>Applied Intelligence</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/734e9c4e-712d-44e7-870f-c3d49044a3ca/compass+image.jpg</image:loc>
      <image:title>Applied Intelligence</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/a9d11c14-7033-4270-91a2-dbd1e3cf4bd9/New+Energy.jpg</image:loc>
      <image:title>Applied Intelligence</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/2d048ba8-2de8-4e14-b13c-c36797ff4f8b/business_planning-100671979-primary.idge.jpg</image:loc>
      <image:title>Applied Intelligence</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/51a8c0dd-fe6a-45c8-b059-0a0c248e8fda/AEMO+Control+Room+SMH+28.12.2018.png</image:loc>
      <image:title>Applied Intelligence</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/f210f6d8-a59b-474d-a3d0-1ee60110207c/AER.jpg</image:loc>
      <image:title>Applied Intelligence</image:title>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1629872597572-WOWAW2IFD82F5J39NBDZ/unsplash-image-dqXiw7nCb9Q.jpg</image:loc>
      <image:title>Applied Intelligence - Tracking KPIs</image:title>
      <image:caption>Most utility companies use a Balanced Scorecard approach to tracking corporate performance. Each year they set a range of KPIs aligned to business strategy. They monitor progress throughout the performance period . Results are used as an indicator of organisational health across a range of categories such as: Financial Performance Strategy &amp; Planning People &amp; Safety Environmental &amp; Renewable Actions Customer and Stakeholder Performance Corporate Social Responsibility Operational Performance Results may or may not be linked to STI and LTI plans and are usually used for corporate reporting purposes. We monitor KPI reporting across the Utilities Sector and can provide your company with a benchmark analysis to enable you to compare against industry practice. This will enable you to weight KPIs and set realistic targets.</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1720848331321-4UEKST8G4HGGY3LSH2BS/image-asset.jpeg</image:loc>
      <image:title>Applied Intelligence - Applied Intelligence - Future Energy</image:title>
      <image:caption>When setting KPIs it’s important to take a balanced perspective. Sometimes it’s useful to know what others in your sector are doing. This in no way limits you from being innovative and capturing the essence of those variables that make a real difference to your company. Charting the future.</image:caption>
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    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/6e65af86-7b70-404a-a92a-cb022b9f686e/wind-turbine-future-energy.2e16d0ba.fill-933x525-c100.jpg</image:loc>
      <image:title>Applied Intelligence - We’ve been tracking corporate KPIs in the Utilities Sector and working with companies to develop their scorecards for many years. We know how to assess corporate performance and support a range of companies with this applied intelligence.</image:title>
      <image:caption>If your company needs assistance to set up your performance scorecard contact Geoff Nunn &amp; Associates.   Email Geoff:  gtnunn@gna.net.au</image:caption>
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  </url>
  <url>
    <loc>https://www.gna.net.au/experience</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-07-22</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1618497259178-6XJGK9GR6YAVBQL5L519/20140301_Trade-151_012-2.jpg</image:loc>
      <image:title>EXPERIENCE</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694583486-2PQT0LQ193RL7MCB6DX4/20140228_Trade+151_0046.jpg</image:loc>
      <image:title>EXPERIENCE</image:title>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694644871-IC85FNH781UNZSZEGHDR/Aro+Ha_0428.jpg</image:loc>
      <image:title>EXPERIENCE</image:title>
    </image:image>
  </url>
  <url>
    <loc>https://www.gna.net.au/executive-remuneration-strategy</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-05-05</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1618497259178-6XJGK9GR6YAVBQL5L519/20140301_Trade-151_012-2.jpg</image:loc>
      <image:title>Executive Remuneration Strategy</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694583486-2PQT0LQ193RL7MCB6DX4/20140228_Trade+151_0046.jpg</image:loc>
      <image:title>Executive Remuneration Strategy</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694644871-IC85FNH781UNZSZEGHDR/Aro+Ha_0428.jpg</image:loc>
      <image:title>Executive Remuneration Strategy</image:title>
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      <image:title>Executive Remuneration Strategy</image:title>
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      <image:title>Executive Remuneration Strategy</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1630300677592-4O9F98TE466XYDJYYZ96/unsplash-image-5fNmWej4tAA.jpg</image:loc>
      <image:title>Executive Remuneration Strategy - Executive Remuneration Strategy - Finding the Right Balance</image:title>
      <image:caption>Executive Remuneration remains a key corporate governance priority. How a company pays its CEO and executive team impacts on its capacity to attract the best people and to motivate them to maintain focus on critical business objectives. There is no one size that fits all. Executive remuneration strategy needs to be targeted, transparent and aligned to the market in which the company operates. Boards and Remuneration Committees need to have a clear understanding of the impact of their executive remuneration strategy on business outcomes. Strategy needs to be formulated in such a way to as to support business performance and the interests of all stakeholder groups. The Corporations Act in 2001 places compliance obligations on the Boards of listed companies to ensure executive remuneration decisions are made in a transparent and defensible manner. Many non-listed and government organisations follow the same principles as set out in the Act and ASX Principle 8, Remunerate Fairly and Responsibly. The key issues for Directors and CEOs include:</image:caption>
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      <image:title>Executive Remuneration Strategy - CASE STUDY</image:title>
      <image:caption>In 2020 Integrated Transmission Networks (ITN) was struggling with an executive remuneration framework that had become overly complex and unwieldy. There was no formalised fixed remuneration structure and the STI and LTI contained a diverse range of KPIs, some of which added little value to overall corporate performance. The Remuneration Committee frequently debated remuneration outcomes for lengthy periods. Decisions were seldom supported by all directors and inevitably a compromise. We were asked to review and make recommendations for streamlining the executive remuneration strategy. In order to do this we embarked on an in-depth process which involved: Holding discussions with each Non-Executive Director individually to ascertain their perspective and views on to core drivers of the business. Meeting and workshopping with the MD, CFO and GM People to explore the shortcomings of the existing framework and assess the appetite for change. Generating innovative solutions based on analysis of market practice and our expertise in remuneration strategy developed over a 40 year period. Further reviewing of potential solutions with the MD, CFO and GM People to agree a preferred preferred strategy option. Presenting various solutions and the preferred option to the board remuneration committee for consideration and approval. Communicating with all executives on the new approach to executive remuneration on how it might impact on them individually. Corporate performance improved as a result and board and executive spent less time on the management of executive remuneration.</image:caption>
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  </url>
  <url>
    <loc>https://www.gna.net.au/remunerationcommittees</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-05-05</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/e5158850-1d15-40e7-8a43-73916ddfaae1/Renewable+revolution.png</image:loc>
      <image:title>The Role of the Remuneration Committee - Remuneration Committee - Core Purpose</image:title>
      <image:caption>The Australian Institute of Company Directors (AICD) publishes a generic Remuneration Committee Charter to guide member companies formulate their own charter.  It suggests the following roles and responsibilities:  “The role of the board remuneration committee is to assist and advise the board of directors on matters relating to the compensation, bonuses, incentives and remuneration issues of the directors, CEO and staff. The board remuneration committee is not a policy-making body but assists the board by implementing board policy." Many organisations take a broader view of the purpose of the committee with accountability for advising the board on director and executive remuneration. They include a range of other accountabilities in the committee’s charter including: Oversight of People Strategy CEO and Executive Succession Planning Oversight of Executive Appointments Review of Staff Remuneration Strategy Board Nominations</image:caption>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/4cf24a74-8277-4c49-9069-41feb6db3f0d/Picture3.png</image:loc>
      <image:title>The Role of the Remuneration Committee - Industry Practice</image:title>
      <image:caption>We recently undertook a study of the practice of remuneration committees across 25 organisations. We wanted to know how they defined their core purpose, their scope of accountability and membership profile. We included the ASX and AICD in this benchmark as there two organisations publish principles and guidelines for remuneration committees. The results were quite surprising. Only 3 defined their core purposes in terms of board, CEO and executive remuneration. The other 22, including the ASX and AICD, defined their purpose more broadly and included some or all of the functions listed above. See graph. Typical titles included: Remuneration &amp; Nomination Committee People &amp; Performance Committee HR &amp; Sustainability Committee People &amp; Culture Committee Nominations &amp; Compensation Committee</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.gna.net.au/sustainablereward</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2024-07-08</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/47137735-438b-4e4f-9aa4-8c057702d6c3/business_planning-100671979-primary.idge.jpg</image:loc>
      <image:title>The Sustainable Reward Plan</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1629868964638-IXZ64MAFQXVXYD3Z68W3/unsplash-image-qmnpqDwla_E.jpg</image:loc>
      <image:title>The Sustainable Reward Plan</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1629869055670-O5HZ67792PBMALH370C9/unsplash-image-0LAJfSNa-xQ.jpg</image:loc>
      <image:title>The Sustainable Reward Plan</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1629870470912-QKOAODEHIPZ9MMY9DDJN/unsplash-image-zNo9adZGR8c.jpg</image:loc>
      <image:title>The Sustainable Reward Plan</image:title>
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      <image:title>The Sustainable Reward Plan</image:title>
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      <image:title>The Sustainable Reward Plan</image:title>
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  </url>
  <url>
    <loc>https://www.gna.net.au/policyissue2025</loc>
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    <priority>0.75</priority>
    <lastmod>2025-07-22</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/daedff35-b613-4d2f-b61c-e4ee17544706/Superannuation+Piggy+Bank.jpg</image:loc>
      <image:title>Policy Issues 2025</image:title>
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      <image:title>Policy Issues 2025</image:title>
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      <image:title>Policy Issues 2025</image:title>
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      <image:title>Policy Issues 2025</image:title>
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      <image:title>Policy Issues 2025</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/3055c6f6-508a-4d23-a7f8-0cefa41918ad/Australian+Parliament.jpg</image:loc>
      <image:title>Policy Issues 2025</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/bd1aad62-872b-4879-8789-efbdb7836f0c/Jim+Chalmers+.jpg</image:loc>
      <image:title>Policy Issues 2025 - Tackling the Governance Conundrum</image:title>
      <image:caption>Three years is a relatively short time for a federal government of any persuasion to fully implement its agenda. Many policies such as energy, housing, indigenous health, superannuation, environment, cost of living, to mention just a few, are the work of decades. Any incumbent government is thinking about the next election two years into its three year term. To keep a long term focus is difficult when struggling to get re-elected. In Australia we need to support a long term strategic approach to policy setting regardless of which party is in office. The decimation of good governance currently being witnessed on the world stage is a case in point. We don’t want that to flow into Australia. Rather we should take the lead from some European countries who employ a much more collaborative approach to long term policy development. On this page we’re going to comment on some of the key issues facing the country. Not from any political perspective. Rather what might be in the best future interests of all Australians.</image:caption>
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  <url>
    <loc>https://www.gna.net.au/chartingthefuture</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-07-22</lastmod>
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      <image:title>Charting the Future</image:title>
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      <image:title>Charting the Future</image:title>
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      <image:title>Charting the Future - Looking into a Fiery Crystal Ball</image:title>
      <image:caption>The only thing certain about the future is that it is uncertain. Events of the last few months, mostly coming from the Middle East, US, China and Europe, have shaken the world to its core. Eighty-nine seconds to midnight on the Doomsday Clock! This is a wake-up call and a seriously confronting scenario. Vested interests and fixed agendas make real progress on a sustainable future difficult to achieve. Let’s go for it and see if we can turn things around. The August 2025 Economic Reform Roundtable, hosted by the Treasurer, Jim Chalmers, provides a great opportunity to address a range of critical issues including tax reform, housing affordability, homelessness, productivity and over regulation. On this page we’re going to focus on a number of strategic initiatives that have the potential to improve the lives of all Australians. They’re not new ideas, rather a re-frame of ideas that have been around for a while. Sometimes the structures that surround us become like a prison. We attribute a concreteness to them that does not exist in reality. Most are human creations and if a human being can create them then a human being can change them.</image:caption>
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  </url>
  <url>
    <loc>https://www.gna.net.au/democracunderthreat</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-07-22</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/0bb31147-b53d-4221-a191-8b1132f2614a/Australian+Parliament.jpg</image:loc>
      <image:title>Democracy Under Threat - The World Has Changed</image:title>
      <image:caption>Geopolitical events continue to re-shape the world order . We’re in a period of great disruption. Some suggest rules based governance is no longer valued as it once was: “Humankind is now facing unprecedented crises that imperils the entire ecosphere, including human civilization itself. To a great extent, these problems stem from the industrial revolution that began 150 years ago and the gradual domination of global culture by materialism as a worldview, hedonism as a prime value, and consumerism as a way of life.” https://sbinstitute.com/ Not only has the threat to the environment increased exponentially, but the very foundations of democracy and the rule of law are being attacked from all directions. Trade wars are underway, institutions are being dismantled, markets are in turmoil, sovereign territory is under threat, entire populations are to be forcibly relocated. This has significant implications for democracy in Australia in a number of ways and we need to: Protect Our Institutions We need to ensure the independence and integrity of the institutions that underpin our democracy. The judiciary, police, defence forces, universities and government organisations are the backbone of our very fortunate society. Free and fair advice to government ministers is essential for effective governance. The corporations, businesses and industries which generate our sovereign wealth are far from perfect. But they do provide employment for millions of Australians and deliver the goods and services we need to survive. We need to support the business sector and call it to account when misconduct occurs. We also need to call it out when it occurs in our government organisations. Cherish Our Values Australia is one of the most ethnically diverse countries on earth. We’ve welcomed people from all parts of the globe. We need to cherish the values of equity ,and a fair go for everyone, which are part of who we are. Equal opportunity and anti-discrimination legislation is in place in across Australia and underpins policies of diversity and inclusion. This diversity needs to be reflected in our various governments, corporations and community organisations. Maintain Independence We need to retain and cultivate a position of autonomy and independence in our foreign policy. This does not mean abandoning existing alliances. Most have been forged by history and shared values. We are a middle player in world events. But generally well respected for our integrity and even-mindedness. The worlds sees us as egalitarian with a sound system of governance. Let’s not blindly follow those who would potentially lead us into a darker place. The Environment is Non-Negotiable Our environment is a top priority. In Australia we are uniquely blessed with a diversity of flora and fauna, clean air, a pristine landscape and an amazing coastline. The climate science and our expert authorities tells us various parts of the country are under existential threat. Floods and bushfires are a frequent occurrence. The Great Barrier Reef is being killed by rising water temperatures, invasive species and land based run-off. Sustainable practices need to guide all of our human activities. Our perspective in independent. The issues speak for themselves.</image:caption>
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    <lastmod>2026-03-11</lastmod>
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      <image:title>Home - After 32 years of providing remuneration advisory and associated governance services GNA has changed direction and now focuses on commentary on the major issues facing boards, CEOs, the Australian business sector, government and community organisations. Good governance across the globe is being challenged. Institutions which once formed the backbone of our democracies are being dismantled or rendered ineffective. The world order is being reshaped in ways that is not always in Australia’s best interests. The commentary on this website is designed to present some of the issues in a non-political way. We believe in pro-active governance; taking action before a situation becomes a crisis, and key stakeholder engagement in policy development. The environment is at the forefront of our thinking.</image:title>
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      <image:caption>Core purpose: Our Core Purpose is to bring an independent perspective to issues confronting governments, organisations of all types, and communities. We provide informed commentary, strategic navigation and applied intelligence models to help chart the future.</image:caption>
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    <lastmod>2025-11-01</lastmod>
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    <lastmod>2026-03-31</lastmod>
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  <url>
    <loc>https://www.gna.net.au/strategicnavigation</loc>
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    <priority>0.75</priority>
    <lastmod>2025-07-22</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/0818cfd6-9a70-4a4a-97bd-f4604c0d16d0/Singularity+2.jpg</image:loc>
      <image:title>Strategic Navigation - Disruption As A Embedded World View</image:title>
      <image:caption>The events of 2025 have confirmed the perception that we live in a world overwhelmed by disruption. The structures that once gave a relative certainty to our future have collapsed. The only thing that is certain is uncertainty. If you are running a business or community organisation you need to be able to navigate this landscape to continue to deliver and flourish. On this page we’ve presented a model and capacity tracking mechanism which may assist to guide your strategic and business continuity planning.</image:caption>
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      <image:title>Strategic Navigation - Make it stand out</image:title>
      <image:caption>Analyse Major Risks</image:caption>
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  </url>
  <url>
    <loc>https://www.gna.net.au/appliedintelligence</loc>
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    <lastmod>2025-07-22</lastmod>
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      <image:title>Applied Intelligence</image:title>
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      <image:title>Applied Intelligence</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/a9d11c14-7033-4270-91a2-dbd1e3cf4bd9/New+Energy.jpg</image:loc>
      <image:title>Applied Intelligence</image:title>
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      <image:title>Applied Intelligence</image:title>
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      <image:title>Applied Intelligence</image:title>
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      <image:title>Applied Intelligence</image:title>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1742428741736-GHWX0IG77IO48Y0S01UI/unsplash-image-uYxSSmguDJo.jpg</image:loc>
      <image:title>Applied Intelligence - Charting the Future</image:title>
      <image:caption>The increasing sophistication of AI has significant potential for organisations of all types. It would be great if we could plug the variables into an AI enabled strategic planning model, and hey presto, there is the plan together with timeline and resourcing. The real world however, is overlaid with multi-level complexity. Finding your way through can be a challenge. With over fifty years working in the corporate, government and community sectors we’ve had the opportunity to develop some ideas and approaches. We’ll share a few of them with you on this page.</image:caption>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/07450a8e-f853-4766-9187-8d048b5e581a/Strategic+Navigation+Model+April+2025+%282%29.png</image:loc>
      <image:title>Applied Intelligence - Strategic Navigation Planning: Applied Intelligence</image:title>
      <image:caption>We’ve built the above into a model to guide you through the process. It looks simple but once you get into the detail you’ll see the complexity. Developing each segment is a major task and there is overlap and ambiguity. This is the real world of today.</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.gna.net.au/tappingthewellspring</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-11-01</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/d113cc50-f100-4e7e-98c2-9ccea59634e7/carlorovelli2.jpg</image:loc>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/403cf243-b419-470c-a6c5-5b17acecb2d7/The+Face+of+the+Buddha.png</image:loc>
    </image:image>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/1745629922438-CTQCZZ2K6T47Y4S5EH5N/unsplash-image-3jHQMBKWObM.jpg</image:loc>
      <image:title>TAPPING THE WELLSPRING - Make it stand out</image:title>
      <image:caption>Approaching the Event Horizon</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.gna.net.au/economicreformrountable</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2025-08-26</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/bd1aad62-872b-4879-8789-efbdb7836f0c/Jim+Chalmers+.jpg</image:loc>
      <image:title>EconomicReformRoundtable - Make it stand out</image:title>
      <image:caption>Treasurer Dr. Jim Chalmers</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.gna.net.au/housinaffordabilityaustralia</loc>
    <changefreq>daily</changefreq>
    <priority>0.75</priority>
    <lastmod>2026-03-11</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6114aebf369c8a2128e7cef6/bd1aad62-872b-4879-8789-efbdb7836f0c/Jim+Chalmers+.jpg</image:loc>
      <image:title>Housing Affordability Australia - Make it stand out</image:title>
      <image:caption>The Treasurer, Dr Jim Chalmers and Minister for Housing, Claire O’Neil have primary ministerial accountability to address this issue. It’s a tough call.</image:caption>
    </image:image>
  </url>
</urlset>

