Snowy Hydro has become the latest federal government-owned business asked to explain tens of millions of dollars in staff bonuses, after new data showed it paid out nearly $30 million last financial year.
The Australian Financial Reviewrevealed earlier this month that Australia Post had paid $28 million in bonuses to its best-paid employees last financial year, while NBN Co paid out $4.1 million in bonuses.
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Tom McIlroy is the Financial Review’s Canberra bureau chief based in the press gallery at Parliament House. He was previously the AFR’s political correspondent. Connect with Tom on Twitter. Email Tom at thomas.mcilroy@afr.com
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
