POLITICIANS – SALARIES

Renumeration Tribunal sets 2.4 per cent pay rise for federal MPs

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Original article by Jessica Wang
Herald Sun – Page: Online : 12-Jun-25

Federal politicians, department secretaries and senior public servants will receive a pay rise of 2.4 per cent from 1 July. This is in line with the inflation rate, but below the pay rises that were awarded by the Remuneration Tribunal in the previous two years. The salary package of Prime Minister Anthony Albanese will rise from about $607,471 per year to $622,050; Treasurer Jim Chalmers’ remuneration will in turn rise by $10,514 a year, to $448,625. The annual pay of other cabinet ministers will rise to $412,735.

CORPORATES
AUSTRALIA. REMUNERATION TRIBUNAL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY

Victorian politicians get 3.5 per cent pay rise

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Original article by Rachel Eddie
The Age – Page: Online : 2-Jul-24

The Victorian Independent Remuneration Tribunal announced on Monday that the state’s politicians will get a 3.5 per cent pay increase, with the increase to take effect on the day of the Tribunal’s announcement. It is the second 3.5 per cent pay rise for Victorian MPs in two years, and will see Premier Jacinta Allan’s base salary increase to $435,434 a year. Some submissions to the Tribunal had called for MPs salaries to be reduced, frozen or increased by three per cent only, with the public sector wage cap being set at that figure.

CORPORATES
VICTORIA. INDEPENDENT REMUNERATION TRIBUNAL

Australian federal politicians awarded 3.5% pay rise by independent tribunal

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Original article by Sarah Basford Canales
The Guardian Australia – Page: Online : 18-Jun-24

The Remuneration Tribunal has defended its pay rise for federal public office holders, stating that it took into account factors such as the minimum wage case, changes in private and public sector wages and the budget position. MPs, senators and bureaucrats will receive a pay rise of 3.5 per cent from 1 July, and the independent tribunal notes that they have received a ‘modest’ cumulative pay rise of just 18.25 per cent since 2015. The salary of Prime Minister Anthony Albanese will rise by more than $20,000 a year, to $607,471; Opposition leader Peter Dutton will in turn be paid $432,239 a year, an increase of about $25,000. The salary of Department of Prime Minister & Cabinet secretary Glyn Davis will rise $34,202 a year to more than $1m.

CORPORATES
AUSTRALIA. REMUNERATION TRIBUNAL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA

Backbench MPs now on $225k a year

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Original article by Rhiannon Down
The Australian – Page: 6 : 30-Aug-23

The Remuneration Tribunal has approved a pay rise of four per cent for federal MPs; it will take effect from 1 September and will be backdated to 1 July. Prime Minister Anthony Albanese will receive a pay rise of $22,573 a year, lifting his salary to $586,929. The base salary for cabinet ministers will rise by $14,977 to $389,406, while the base salary of backbench MPs will rise from $217,060 a year to $225,742. The independent tribunal has described the increase in MPs’ salaries as ‘conservative’, given that wages for public sector workers have grown much faster over the last decade.

CORPORATES
AUSTRALIA. REMUNERATION TRIBUNAL, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Cash softens blow for ousted MPs

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Original article by Geoff Chambers, Richard Ferguson
The Australian – Page: 1 & 4 : 2-Sep-19

Analysis shows that at least 20 politicians who lost their seats at the 18 May federal election are entitled to receive a resettlement allowance. The amount of the lump sum payment varies depending on factors such as how long a politician has been in parliament, and it was designed to provide outgoing MPs and senators who do not have access to parliament’s superannuation scheme with re-skilling and re-employment assistance. Kerryn Phelps, Steve Martin and Sarah Henderson are amongst those who are entitled to receive the allowance, which is expected to cost about $1.3m in total.

CORPORATES
NATIONAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, LIBERAL DEMOCRATIC PARTY, AUSTRALIA. DEPT OF FINANCE

Poor Barnaby struggling to get by on $280k

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Original article by Greg Brown
The Australian – Page: 6 : 30-Jul-19

Former deputy prime minister Barnaby Joyce has been criticised after he claimed that he is finding it hard to get by on his parliamentary wage, and for linking his circumstances to people on the Newstart allowance. It can be revealed that Joyce’s total remuneration is $280,000 a year, while people on Newstart are paid as little as $40 a day. Joyce has called for Newstart to be increased, while he told a newspaper that having his pay reduced in 2018 after he lost the deputy prime ministership, on top of the costs of his marriage breakdown, meant that the money he is now getting "is spread so thin".

CORPORATES
ONE NATION PARTY, NATIONAL PARTY OF AUSTRALIA

Veteran MPs facing a gold-plated retirement

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Original article by Richard Ferguson
The Australian – Page: 2 : 5-Mar-19

Former foreign minister Julie Bishop is among the six Liberal MPs who have chosen not to contest the 2019 election. Bishop is set to be paid more than $177,000 before tax each year in retirement, after 21 years in parliament. Liberal colleague Christopher Pyne will be paid more than $172,000 a year following a 26-year parliamentary career, while Labor’s Jennie Macklin will be entitled to an annual income of some $177,000 after 23 years in the lower house. Seven Labor MPs will retire at the election.

CORPORATES
LIBERAL PARTY OF AUSTRALIA, AUSTRALIAN LABOR PARTY, NATIONAL PARTY OF AUSTRALIA

Public service fat cats, MPs get the cream

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Original article by Adam Creighton, Primrose Riordan, David Uren
The Australian – Page: 1 & 4 : 23-Jun-17

Australia’s Remuneration Tribunal has granted federal politicians, judges and high-ranking public servants a two per cent pay rise from 1 July 2017. Greens leader Richard Di Natale has queried the need for a pay rise, as has Liberal Democrats senator David Leyonhjelm. Nadine Flood of the Community & Public Sector Union says its members, who have been battling with the Coalition government for improved wages since it was elected in 2013, are unlikely to be impressed.

CORPORATES
AUSTRALIA. REMUNERATION TRIBUNAL, AUSTRALIAN GREENS, LIBERAL DEMOCRATIC PARTY, COMMUNITY AND PUBLIC SECTOR UNION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, RESERVE BANK OF AUSTRALIA, HIGH COURT OF AUSTRALIA, HUMAN RIGHTS COMMISSION, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIAN TAXATION OFFICE

Turnbull urged to take his $1m out of ‘vulture fund’

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Original article by Heath Aston
The Age – Page: 4 : 4-Jul-14

Australian Prime Minister Tony Abbott and Treasurer Joe Hockey are leading a push to crack down on tax minimisation by multinational corporations via profit shifting. However the stance in the lead-up to the Group of 20 (G20) leaders’ summit in Brisbane in November 2014 appears to have been undermined by revelations that Communications Minister Malcolm Turnbull has an investment worth about $A1m in the Bowery Opportunity Fund. The entity, a "vulture fund" acquiring distressed businesses, is registered in the Cayman Islands tax haven. Turnbull’s stake is not in breach of any laws, but at odds with the G20 agenda, critics say

CORPORATES
AUSTRALIA. DEPT OF COMMUNICATIONS, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, GROUP OF TWENTY (G-20), CVC GLOBAL CREDIT OPPORTUNITY FUND LIMITED, BOWERY OPPORTUNITY FUND LP, BOWERY INVESTMENT MANAGEMENT LLC, UNITING CHURCH IN AUSTRALIA, TAX JUSTICE NETWORK, GLENCORE XSTRATA PLC