The fleecing of taxpayers by senior executives of Australia’s government agencies and authorities has well and truly jumped the shark.
As reported in The AFR today, executives working for Australia Post and NBN Co were paid bonuses of $295.9 million in the 2020 and 2021 financial years, according to their latest annual reports.
The revelation has prompted Labor to accuse the federal government of wasting taxpayers’ money, given that both NBN Co and Australia Post are government-owned businesses. The two entities have previously been warned by the federal government to cut down on the amount of bonuses that they issue to staff:
