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Australia's top officials earn more than three times as much as their colleagues in the United States and Great Britain. When it comes to setting interest rates, the governor of the Reserve Bank of Australia, Philip Lowe (photo) draws a salary of $ 1,059,761

Australian taxpayers pay million dollar salaries for non-elected officials who are paid three times as much as their overseas counterparts.

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Top bureaucrats in the United Kingdom and the United States take home only a fraction of what they do in Australia – even though they often perform a much larger task in countries with larger economies and population groups.

The pay gap can be found in all departments, from Canberra government agencies to those with high diplomatic posts.

For example, the Australian Reserve Bank Governor Philip Lowe draws a total salary package of $ 1,059,761.

But his counterpart to the US Federal Reserve, Chairman Jerome Powell, is being paid only $ 203,500 or about $ A295,000 – although the decisions he makes have an impact on & # 39; the world's largest economy and have important global consequences.

Australia's top officials earn more than three times as much as their colleagues in the United States and Great Britain. When it comes to setting interest rates, the governor of the Reserve Bank of Australia, Philip Lowe (photo) draws a salary of $ 1,059,761

Australia's top officials earn more than three times as much as their colleagues in the United States and Great Britain. When it comes to setting interest rates, the governor of the Reserve Bank of Australia, Philip Lowe (photo) draws a salary of $ 1,059,761

His counterpart to the US Federal Reserve, Chairman Jerome Powell, receives $ 203,500 or $ A295,435, although the decisions he makes affect & # 39; the world's largest economy
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His counterpart to the US Federal Reserve, Chairman Jerome Powell, receives $ 203,500 or $ A295,435, although the decisions he makes affect & # 39; the world's largest economy

His counterpart to the US Federal Reserve, Chairman Jerome Powell, receives $ 203,500 or $ A295,435, although the decisions he makes affect & # 39; the world's largest economy

How the salary of top officials in Australia compares

INTERESTING PRICES

Reserve Bank of Australia Governor Philip Lowe: $ 1,059,761

US Federal Reserve Chairman Jerome Powell: $ 203,500 ($ A295,000)

Bank of England Governor Mark Carney £ 480,000 ($ A898,000)

POWERFUL DEPARTMENT

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Department of Prime Minister and Cabinet Secretary: Philip Gaetjens: $ 914,460

UK Cabinet Secretary Mark Sedwill: £ 185,000 ($ A345,000)

DIPLOMACY

Foreign Affairs and Trade Secretary Frances Adamson Department: $ 864,580

British Foreign and Commonwealth Ministry Permanent Deputy Secretary Simon McDonald: £ 185,000 ($ A345,000)

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Sources: Remuneration Tribunal for government reports from Australia and the US, UK

Similarly, Frances Adamson earns $ 864,580 as Secretary of the Australian Foreign and Trade Ministry, while the British head of the British Foreign Ministry Simon McDonald earns £ 185,000 ($ A345,000) – less than half of his Australian equivalent.

In Australia, the Remuneration Tribunal determines the salaries of senior officials.

John Conde, president of the independent government agency, defended the generous salary packages and stated that the reward should be at a level that will attract and retain people of the caliber and with the skills needed to fulfill the specific role & #. 39 ;.

In the US, Congress sets the wages of the US Reserve administration, while in the UK, the Majesty's Treasury decides how much its officials should take home.

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Griffith University senior political scientist Dr. Paul Williams said that the governor of the central bank of Australia apparently had a harder job than his American counterpart – and earned three times as much.

& # 39; The US economy is much less regulated and in that sense less complex & # 39 ;, he told Daily Mail Australia.

Australia, with a small population, also had to pay more to attract the right candidates to lead the Reserve Bank.

& # 39; The talent pool is smaller – you just wouldn't attract good candidates if you paid $ 200,000 for this position, & # 39; said Dr. Williams.

But the policy director of the Australian taxpayer's Alliance Alliance, Satya Marar, questioned the wisdom of paying the central banker of Australia, triple the salary of his American counterpart.

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& # 39; They deserve about the same, & # 39; he said.

Career officer and policy advisor Frances Adamson earns $ 864,580 as Secretary of the Ministry of Foreign Affairs and Trade, making her Australia's best-paid female official

Career officer and policy advisor Frances Adamson earns $ 864,580 as Secretary of the Ministry of Foreign Affairs and Trade, making her Australia's best-paid female official

Career officer and policy advisor Frances Adamson earns $ 864,580 as Secretary of the Ministry of Foreign Affairs and Trade, making her Australia's best-paid female official

Australië Australia has a smaller population – it is actually a smaller economy than several US states.

& # 39; I would wonder why the Governor of the Reserve Bank is then paid considerably more. & # 39;

To be honest with Australia, the UK is also generous when it comes to paying its top central banker.

Bank of England governor Mark Carney has a base salary of £ 480,000 or $ A898,000, which is more than his American counterpart.

It is only marginally lower than the basic salary of Dr. Lowe of $ 911,728 before superannuation.

Outside the central bank, Australia is also particularly generous when it comes to paying heads of federal government services in Canberra, thanks to independent provisions of the Remuneration Tribunal.

Her counterpart at the British Foreign Ministry and Commonwealth Simon McDonald earns £ 185,000 ($ A345,000) or more than two and a half times less than his Australian equivalent

Her counterpart at the British Foreign Ministry and Commonwealth Simon McDonald earns £ 185,000 ($ A345,000) or more than two and a half times less than his Australian equivalent

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Her counterpart at the British Foreign Ministry and Commonwealth Simon McDonald earns £ 185,000 ($ A345,000) or more than two and a half times less than his Australian equivalent

Philip Gaetjens, who leads prime minister and cabinet, has $ 914,460.

& # 39; I would say that is an exaggeration, & # 39; Marar said.

& # 39; It just adds to this culture that we see in Canberra in some of these bureaucratic departments where they feel they have the right to interfere in our lives. & # 39;

For comparison: British top official Mark Sedwill earns £ 185,000 ($ A345,000) in his dual role as cabinet secretary and national security adviser.

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Dr. Williams said that Australia's department heads had no job security – and therefore earned to get paid more than the prime minister.

& # 39; Until the seventies, when the civil servant was full, the minister resigned, but since the seventies, the eighties if the minister perseveres, the civil servant goes, & # 39; he said.

Philip Gaetjens, who heads the Australian Department of Prime Minister and Cabinet, stands at $ 914,460

Philip Gaetjens, who heads the Australian Department of Prime Minister and Cabinet, stands at $ 914,460

Philip Gaetjens, who heads the Australian Department of Prime Minister and Cabinet, stands at $ 914,460

Salaries of the Australian executive government

Prime minister and cabinet: $ 914,460

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Treasury: $ 892,290

Foreign Affairs and Trade; Defense: $ 864,580

Finance; Health; Home Affairs: $ 820,240

Industry, innovation and science; Human services; Social services; Attorney General; Education and training; Attorney General: $ 775,910

Agriculture; Communication and art; Environment and energy; Infrastructure, transport, cities and regional development; Employment, skills, small and family business: $ 748,210

Veteran affairs: $ 720,480

Source: Tribunal decision, June 2019

& # 39; We must follow international standards, & # 39; Marar said.

Australia's top officials also earn considerably more than Prime Minister Scott Morrison, who receives $ 549,250 a year.

The second highest paid civil servant, Finance Minister Steven Kennedy, stands at $ 892,290.

Then there is the Department of Defense Secretary Greg Moriarty at $ 864,580.

Three more department secretaries for $ 820,240 per year, including Rosemary Huxtable from Finance, Glenys Beauchamp from Health and Michael Pezzullo from Home Affairs.

The next level is at $ 775,910, including chief of Industry, Innovation and Science Heather Smith, Renee Leon of Human Services, Kathryn Campbell of Social Services, Michele Bruniges of education and Chris Moraitis of the Attorney General.

Then there are level two departmental secretaries at $ 748,210 including Daryl Quinlivan of agriculture, Communications and Mike Mrdak of Mike, Environment and Energy Finn Pratt and Employment and Kerri Hartland.

For comparison: British top official Mark Sedwill earns £ 185,000 ($ A345,000) in his dual position as cabinet secretary and national security adviser

For comparison: British top official Mark Sedwill earns £ 185,000 ($ A345,000) in his dual position as cabinet secretary and national security adviser

For comparison: British top official Mark Sedwill earns £ 185,000 ($ A345,000) in his dual position as cabinet secretary and national security adviser

The head of Veterans Affairs will receive Elizabeth Cosson $ 720,480.

For the first time ever, a majority, or 51.2 percent, of executive-level officials are now women, the Australian Bureau of Statistics revealed last week.

The Remuneration Tribunal independently determines the salaries of senior officials, politicians and judges of Australia.

& # 39; If there are comparable countries with economies that are similar to ours, who pay salaries that are significantly lower for the same position, then we must ask ourselves whether the current level of remuneration can be justified, & # 39; Marar said.

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