Victorian pollies get massive pay rises as households flounder

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The newly established Victorian Independent Remuneration Tribunal has handed down its first determination regarding the pay of Victorian MPs. Victorian MPs will now receive a base salary of $182,413, up 3.5% per cent. Victorian Premier Daniel Andrews was given a $46,522 pay increase that sees him become the highest-paid state leader, while ministers and the Opposition leader will receive an 11.8% pay rise. The increases come as the Victorian government seeks to limit pay rises for public servants to 2%. From The ABS:

The pay rise comes as the Andrews Government holds firm on its policy to only offer 2 per cent increases to public sector unions, which has enraged the labour movement…

Tribunal chair Warren McCann said the changes simplified the system…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.