Lord Newman takes his entitlement

Advertisement
images

There’s nothing wrong with a good public sector clean out from time to time to clean up the budget. But paying yourself a huge bonus for doing it is a bit rich. From The Australian:

The Queensland Independent Remuneration Tribunal decided the base salary of Queensland MPs last October, and on Thursday made a ruling on additional pay for office holders.

Mr Newman will get a 21.8 per cent increase to his annual salary, taking it to $379,562.

…Mr Newman announced the three-person independent remuneration tribunal in July last year after his deputy Jeff Seeney agreed to a 42 per cent pay rise for MPs as the premier holidayed in Vietnam. “Can I just say that it is an independent process so we responded to the community concerns last year.”

Ah yes, the independent tribunal, appointment by government.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.