EXCERPT FROM THE ARTICLE BY JOHN LORD
REMUNERATION FOR – SPECIFIED STATUTORY OFFICES
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Date of Effect 1 July 2014
Specified Statutory Office
Base Salary (per annum)
Total Remuneration for office (per annum)
Chief of the Defense Force > $535,100 – $764,420
Commissioner of Taxation > $518,000 – $740,000
Chief Executive Officer, Australian Customs
and Border Protection Service > $483,840 – $691,200
Auditor-General for Australia > $469,150 – $670,210
Australian Statistician > $469,150 – $670,210
Salaries of retired Prime Minister and Politicians
Office Additional salary (%) Salary as of 1 July
Prime Minister 160 $507,338
Deputy Prime Minister 105 $400,016
Treasurer 87.5 $365,868
Leader of the Opposition 85.0 $360,990
House of Reps Speaker 75.0 $341,477
Leader of the House 75.0 $341,477
Minister in Cabinet 72.5 $336,599
Parliamentary secretary 25.0 $243,912
Other ministers 57.5 $307,329
Shadow minister 25.0 $243,912
Source: Remuneration Tribunal.
So if I press all the right buttons, the TOTAL annual wages for the 150 seats in the Parliament are:
Prime Minister $507,338
Deputy Prime Minister $400,016
Treasurer $365,868
Leader of the Opposition $360,990
House of Reps Speaker $341,477
Leader of the House $341,477
Minister in Cabinet $336,599
Parliamentary secretary $243,912
Other ministers* 307,329 x 71 = A$21,820,359
Shadow ministers* $243,912 x 71 = A$17,317,752
The TOTAL ANNUAL SALARIES (for 150 seats) = $41,694,311 – PER YEAR! And that’s just the Federal Politicians, no one else!
For the ‘lifetime’ payment example (below) I used the scenario that:
1. They are paid ‘lifetime’ salaries the same as their last working year and
2. After retiring, the ‘average’ pollie’s life expectancy is an additional 20 years (which is not unreasonable).
It’s worth remembering that this is EXCLUDING all their other perks!
SO, for a 20 years ‘lifetime’ payment (excluding wages paid while a Parliamentarian)
Prime Minister @ $507,338 = A$10,146,760
Deputy Prime Minister @ $400,016 = A$8,000,320
Treasurer @ $365,868 = A$7,317,360
Leader of the Opposition @ $360,990 = A$7,219,800
House of Reps Speaker @ $341,477 = A$6,829,540
Leader of the House @ $341,477 = A$6,829,540
Minister in Cabinet @ $336,599 = A$6,731,980
Parliamentary Secretary @ $243,912 = A$4,782,240
Other ministers** @ $307,329 = A$6,146,580 x 71 = A$436,407,180
Shadow ministers** @ $243,912 = A$4,878,240 x 71 = A$346,355,040
Conclusions:
TOTAL ‘life time’ (20 year) payments, (excluding wages paid while in parliament) = A$833,886,220 – OVER $833 MILLION
Julia Gillard, Kevin Rudd, John Howard, Paul Keating, Malcolm Fraser, Bob Hawke, et al, add nauseum, are receiving $10 MILLION + EXTRA at taxpayer expense.
Should an elected PM serve 4 years and then decide to retire, each year (of the 4 years) will have cost taxpayers an EXTRA Two and a half million bucks a year! A$2,536,690 to be precise.