Labor says bonuses paid to some executives at the government-owned corporation increased by 22 per cent in a year.
as new data revealed highly paid executives received average bonuses of nearly $170,000 last financial year.
The culture of executive bonuses at government-owned companies has been under scrutiny since the Cartier watches saga.The culture of executive bonuses at government-owned companies has been under scrutiny since the Cartier watches saga.Opposition communications spokeswoman Michelle Rowland said the bonus amount was nearly double average yearly earnings for a full-time worker in Australia, based on ABS data, and more than triple average payments at NBN Co.
“This isn’t about the pub test or how things look. It’s fundamentally about ensuring taxpayers’ money is not unjustifiably thrown around like confetti.”In the wake of the Cartier watches saga, the federal government moved to crack down on wasteful spending, telling all federal government entities and publicly owned companies in AugustAustralia Post executives will give evidence to Senate estimates hearings at Parliament House on Tuesday.
“Last year, over 2000 payments were made to frontline operational leaders who managed through extraordinary circumstances to deliver for our customers and our community,” the spokesman said.
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