Board director fees
All Australia Post Board directors are appointed by the Commonwealth Government through the Shareholder Ministers. Board Directors’ annual fees are set by the Remuneration Tribunal. Australia Post has no role in determining the level of Board director fees.
The Remuneration Tribunal regularly reviews and sets Board director fees for the roles of Chair, Deputy Chair and other Board director fees (excluding statutory superannuation contributions which are paid in addition to the fees set by the Remuneration Tribunal). Board director fees cover all activities including Board membership and participation of most sub-Committees unless otherwise stated in the table below.
The following table sets out the Board directors’ fees (excluding superannuation) as set by the Remuneration Tribunal and covering the financial years 2017, 2018, 2019 and 2020.
|
Role |
With effect from |
|||
|
8 December 20161 |
1 July 20172 |
1 July 20183 |
1 July 20194 |
|
|
Chair |
$182,520 |
$186,180 |
$189,910 |
$193,710 |
|
Deputy Chair |
$101,860 |
$103,900 |
$105,980 |
$108,100 |
|
Board Directors |
$91,290 |
$93,120 |
$94,990 |
$96,890 |
|
Audit & Risk Committee Chair |
$21,120 |
$21,550 |
$21,990 |
$22,430 |
|
Audit & Risk Committee Member |
$10,560 |
$10,780 |
$11,000 |
$11,220 |
|
People & Sustainability Committee Chair5 |
$18,000 |
$18,360 |
$18,730 |
$19,110 |
|
People & Sustainability Committee Members5 |
$9,000 |
$9,180 |
$9,370 |
$9,560 |
1 Remuneration Tribunal, Determination 2016/18: Remuneration and Allowances for Holders of Part-Time Public Office
2 Remuneration Tribunal, Determination 2017/10: Remuneration and Allowances for Holders of Part-Time Public Office
3 Remuneration Tribunal (Remuneration and Allowances for Holders of Part-time Public Office) Determination 2018
4 Remuneration Tribunal (Remuneration and Allowances for Holders of Part-time Public Office) Determination 2019
5 Australia Post Board Chair and Deputy Chair are not entitled to receive these additional fees.
Visit
https://www.transparency.gov.au/annual-reports/australian-postal-corporation/reporting-year/2018-2019-92