RELATED-PARTY DISCLOSURE (10 marks) The following note is extracted from the 2021 annual report of Qantas Ltd: 32 RELATED PARTIES A) REMUNERATION OF KEY MANAGEMENT PERSONNEL The aporate remuneration of the of the Contes Group is set out below: 2071 Short-term employee benefit Post employment benefit Other long-term ben Share-boued payments 8.744 657 351 6,302 16.054 2020 000 7.333 511 27 6.300 14270 Required: A. Explain why key management personnel are considered as related parties of an entity. (5 marks) B. Based on the definition of related party transactions, discuss the nature of the transactions involved in Note 32 between the key management personnel and Qantas