NSW Labor to introduce bill to end bonuses for icare executives | LucyCormack
NSW Labor will today introduce a bill to strip bonuses from executives at embattled state insurance agency icare after its top eight executives enjoyed $8 million in combined salary and bonuses in two years.
NSW Treasurer Dominic Perrottet said this month an immediate review of icare's bonus and remuneration framework would be undertaken.The bill also seeks limits in icare's responsibility in relation to the employment of staff and the chief executive. Icare provides workers' compensation insurance to more than 326,000 businesses, insuring 3.6 million employees.
"The decision was made to pause wage increases for 12 months across the public service, this applies to state-owned corporations, departmental secretaries, executives and public financial executives," he said on Wednesday.“We are fast tracking the independent review of icare to be headed by Robert McDougall QC, with a report due in April next year."
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