Remuneration Tribunal to oversee Australia Post Managing Director salary and conditions
THE HON MATHIAS CORMANN
MINISTER FOR FINANCE
The pay and
employment conditions of Australia Post’s managing director will be overseen by
the Remuneration Tribunal, under proposals announced by the Turnbull Government
In a letter from joint
shareholder ministers, Communications Minister the Hon Mitch Fifield and
Finance Minister the Hon Mathias Cormann have asked for the Remuneration
Tribunal to determine the terms and conditions for the managing director’s
Australian Postal Corporation Act, the Australia Post Board of Directors is
responsible for decisions regarding the terms and conditions of the Managing
changes, the Board will be required to provide terms which are consistent with
the Remuneration Tribunal’s determination for the employment of ‘principal
executive officer’ (PEO) roles.
In her capacity
as Minister Assisting the Prime Minister for the Public Service, the Hon
Michaelia Cash has been requested to declare that the Managing Director’s role
should sit within the Tribunal’s PEO classification structure.
Remuneration Tribunal’s PEO classification structure consists of five bands,
including terms and conditions that apply to offices in those bands.
Post Board will need to demonstrate to the Tribunal that their proposed
remuneration package is commensurate with the responsibilities of the role.
Shareholder Ministers have also written to the Chairman of Australia Post advising
him of the proposed changes.