|Long service leave||1,003||901|
|Provision for player payments||65,017||63,627|
|Past Players Program Fund||10,468||–|
|Australian Cricketers’ Retirement Account (ACRA) entitlements||1 (v)||2,799||781|
|Players’ and Umpires’ Retirement Benefits Scheme (P&URBS) entitlements||1 (v)||56|
(a) Player payments adjustment
Cricket Australia entered into an arrangement with the Australian Cricketers’ Association which entitles professional cricketers to a certain share of Australian Cricket Revenue (ACR) over a five year period to 30 June 2017.
This share consists of a guaranteed percentage plus a performance percentage. The combination of these two must not exceed an agreed percentage cap over the 5 year period.
To the extent that ACR exceeds an agreed estimate, Cricket Australia is required to pay an adjustment to players. A provision for player payments is recognised at 30 June 2016.