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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.