Anthony Albanese gets a massive pay rise – and so does every minister and elected federal politician as Australians grapple with the cost of living
- Federal lawmakers are getting the biggest pay rise in a decade
- The prime minister now sits at $586,768 a year
Federal politicians are expected to receive their biggest pay rise in nearly a decade on Thursday: 4 percent, surpassing Australia’s wage price index, which rose 3.6 percent over the past year.
This translates into an increase in base salary for backseat MPs from $217,000 to $225,680.
Prime Minister Anthony Albanese’s salary will see a huge boost, from $564,200 to $586,768, while opposition leader Peter Dutton’s salary will rise from $401,450 to $417,508.
Albanese’s wages will increase by $1,880 a month to $48,897, meaning he will earn much more each month than someone on the Australian minimum wage in a year, which is $42,278.
The Remuneration Tribunal, which sets the pay and entitlements of public office holders, said the decision followed several “conservative” pay reviews in recent years.
Anthony Albanese’s salary gets a huge boost, from $564,200 to $586,768. The Prime Minister is pictured on the left (with his partner Jodie Haydon) and right
“In determining remuneration for the broad spectrum of public offices within its jurisdiction,” the tribunal said in a statement.
“The tribunal’s primary focus is to provide competitive and equitable remuneration appropriate to the responsibilities and experience required by the positions, and sufficient to attract and retain caliber individuals…
“In setting remuneration, the tribunal will continue to set rates below those of the private sector in recognition of the public service rendered by the office holders.”
More to come