Scott Morrison's salary will jump by more than $10,700 to $549,200 from July 1 after federal politicians, judges and departmental secretaries were handed a two per cent pay rise yesterday.
Conservative Party leader Cory Bernardi has called for a cap on politicians' and senior government executives' wages until the national debt has been repaid and also wants a debt limit to be placed on the federal government so that our children and grandchildren won't be saddled with paying off the reckless Labor and Coalition spending of recent years.week.
The Australian reports, the rise, which follows two per cent adjustments in each of the past four years, will boost the salary of the Prime Minister's departmental secretary, Martin Parkinson, by nearly $18,000 to more than $914,400.
The salary of a Federal Court judge will increase to about $468,000, while the salary of High Court Chief Justice Susan Kiefel rises to about $608,000.
Unveiling its annual salary adjustment for public office holders, the Commonwealth Remuneration Tribunal noted that wages for everyday earners were now rising.
"Wage growth has increased modestly over the past year, with reliable measures indicating private sector wage growth is now equalling or outpacing the public sector," it said.
Private sector wages are increasing by 2.3 per cent a year, according to the Australian Bureau of Statistics' wage price index for the March quarter, and inflation is running at 1.3 per cent.
The adjustment boosts Josh Frydenberg's salary by $7766 to about $396,000, while other cabinet ministers get a $7144 pay rise, lifting their salaries to about $364,400.
Federal backbenchers scored a $4142 rise, boosting their pay packets to $211,000.
The full-time average adult wage is about $1604 a week, or about $83,450 a year, while the Fair Work Commission handed down a minimum wage rise of about 3 per cent in its latest decision, lifting the safety net wage from $719.20 to $740.80 a week.
The tribunal said its focus was to provide "competitive and equitable remuneration that is appropriate to the responsibilities and experience required of the roles, and that is sufficient to attract and retain people of calibre".
"The tribunal recognises that, in addition to the level of remuneration for public officeholders, there are other benefits in working in roles that are at the leading edge of delivering policy outcomes and services on a range of matters that directly benefit the public," it said.
It noted policy changes had provided greater scrutiny of executive pay rises in the private sector, while private sector incentives packages were also being regularly challenged by shareholders.
The remuneration tribunal said it had also considered wages policies in both the state and territory public sectors, which had "shown restraint", with increases ranging from 1.5 per cent to 2.5 per cent.
Senator Bernardi's ideas have been aired on Channel 7's Today Tonight.
