Home | Australia | Australian politicians, including Prime Minister Malcolm Turnbull, get pay rise from July 1

Australian politicians, including Prime Minister Malcolm Turnbull, get pay rise from July 1

Prime Minister Malcolm Turnbull will get a pay rise of $203 a week with the start of the new financial year, taking his annual wage to more than $538,000.

The independent Remuneration Tribunal yesterday decided to award all politicians, members of the judiciary and senior public servants a 2 per cent pay rise that will start on the same day as Sunday penalty rates are cut for workers in hospitality and retail.

Mr Turnbull’s pay packet will swell by $10,582 and confirm his rank as one of the best paid prime ministers in the world.

For Mr Turnbull, who complained last week about the impact of high tax rates on people as their wages rose, the increase will be on top of the $135-a-year tax cut from July 1.

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Deputy Prime Minister Michael McCormack will enjoy an extra $8000 a year, taking his annual wage to $424,515.

Treasurer Scott Morrison’s annual pay will reach $388,275. Opposition Leader Bill Shorten will collect $383,099 over the next 12 months.

The average Cabinet minister will get a $7000 pay rise to $357,213. A lowly backbencher will get a $4000 increase, taking their annual wage to $207,080.

The tribunal said it had taken into account slow wages growth across the economy and the recent Fair Work Australia decision to lift the minimum wage 3.5 per cent to $37,398 a year.

The average full-time wage in Australia is about $80,000.

“In considering the level of increase from July 1, the tribunal has had regard to a range of economic considerations, historical and projected,” it said.

“The tribunal notes various indicators predict wage growth is expected to increase gradually, lagging economic growth.”

The pay rises will start the day the second of three consecutive cuts in penalty rates for Sunday work in the hospitality and retail sectors start.

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