The Australian federal election dust settled. According to the salary increase regulations for the new fiscal year, the deposits in the bank accounts of politicians after returning to Canberra will continue to increase. According to the Australian Broadcasting Corporation, the Remuneration Tribunal has issued a 2% salary increase to all government employees and senators. It also believes that it is necessary to provide competitive and fair compensation for future politicians. Attract and retain talented people.” The timing of the civil service salary increase may be unacceptable to some low-income Australians.
Because the new round of decision to cut overtime pay made by the Fair Work Commission two years ago will take effect at the same time.
The Senator’s annual salary for the current fiscal year is A$207,000 and will increase to A$211,000 in the next year. If you take up other positions, such as the chairman of any committee in the Congress, the income will be even higher. The salary increase is higher than the inflation rate, and the inflation rate in the first quarter of this year was only 1.3%. Prime Minister Scott Morrison, who just won the election, will raise his salary by $11,000, making his annual salary more than $549,000.
Finance Minister Josh Frydenberg will rise to $433,000 a year, or about 8,000 Australian dollars. Anthony Albanese, who runs the Labor Party, has not only achieved his political ambitions, but his financial situation will also improve. As a senior member of the Labour Party, Albanese’s annual salary is about 259 thousand Australian dollars. The leader of the opposition party will increase his annual salary from August 1 to 390,000 Australian dollars.
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