26 FINANCIAL REPORT ALLUP SILICA Year Ending 30 June 2023 ALLUP SILICA LIMITED DIRECTORS’ REPORT Other Transactions with KMP and/or their Related Parties Service Arrangement with Magicorp Pty Ltd Gavin Ball has a controlling interest in Magicorp Pty Ltd which provides consumables, equipment, and other digital services to the Company, including website and domain services and other services on an as required basis. The Company is charged Magicorp’s standard fees which amounted to $2,449 (excl. GST) for the year ended 30 June 2023 (2022: $3,835). Fees charged by Magicorp are the recovery of the cost of the services provided plus a commercial margin. These services are not contracted under an agreement because they are only required on an as needed basis. There were no other transactions conducted between the Company and key management personnel or their related parties, apart from those disclosed above relating to equity and compensation, that were conducted other than in accordance with normal employee, customer or supplier relationships on terms no more favourable than those reasonably expected under arm’s length dealings with unrelated persons. END OF REMUNERATION REPORT
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