SKIP TO MAIN CONTENT

Shorten happy with PM's pay packet

Labor leader Bill Shorten says he would be happy to receive an annual salary of $500,000 if he was to become prime minister on July 2.

Labor leader Bill Shorten
Labor leader Bill Shorten would be happy with a $500,000 pay packet if he wins the July election. (AAP)

1 min read

Published

Source: AAP


Skip to article content

Bill Shorten would be happy with a $500,000 pay packet if he wins the keys to The Lodge on July 2.

Doing the rounds of Sydney's commercial radio stations on Wednesday, the Labor leader was asked whether he thought the prime minister gets paid enough.

He was quick to point out the salary is set by the independent remuneration tribunal, but told KIIS' Kyle and Jackie O: "I think it seems a pretty good wage actually".

Mr Shorten switched the talk to the high pay of some bank executives.

"They get a golden sign-on bonus, then they get a golden handcuff to stay there, then they get a golden parachute to go," he said.

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Mr Shorten questioned the argument that says large corporate salaries are needed to attract the best in the world, while when it comes to penalty rates, Australia needs to compete with the rest of the world.


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world