Anthony Albanese will now take home $607,500 a year as he and other federal politicians receive huge pay increases amid the cost of living crisis.
The Remuneration Tribunal, an independent body that sets the remuneration of federal politicians and bureaucrats, announced a 3.5 percent pay rise that will take effect on July 1.
The pay rise means the Prime Minister will now receive $607,471 a year, an increase from the $586,929 he received.
Opposition Leader Peter Dutton received a $25,000 pay rise and now has a salary of $432,239.
Anthony Albanese will now take home $607,500 a year as he and other federal politicians receive huge pay increases amid the cost of living crisis.
Backbenchers will now earn $233,643 a year, while Greens leader Adam Bandt will take home $338,782.
In September last year, the court issued a 4 percent increase for all members of parliament.
It comes after the Fair Work Commission announced the minimum wage would rise by 3.75 per cent.
The court said it recognized the pay increases had been “modest”, rising 18.25 per cent since 2015.
By comparison, in the public and private sectors, wage increases have totaled 24.4 percent since 2015.
The tribunal said its aim was to “provide competitive and equitable remuneration” to attract “persons of caliber”.
“Many of these officials do not expect or demand that monetary compensation for their public sector duties be set at private sector levels,” he said.
“Rather, officials serve the public good and the opportunity to influence economic and social policy initiatives.”
Opposition Leader Peter Dutton received a $25,000 pay rise and now has a salary of $432,239.
