Time to rein government agency fat cats

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The fleecing of taxpayers by senior executives of Australia’s government agencies and authorities has well and truly jumped the shark.

Last month we learned of the extraordinary salaries and bonuses paid to senior executive within NBN Co – the statutory authority in charge of Australia’s failing National Broadband Network (NBN).

NBN Co CEO Stephen Rue was by far the highest paid person in the public sector, earning an outrageous $3.15 million in 2019-20. That’s almost seven times the salary received by Prime Minister Scott Morrison ($549,299).

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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.