Finance Minister Katy Gallagher has warned the boards of government-owned businesses they must show restraint on pay and bonuses, after it was revealed at least 32 top public servants made more than $1 million last year.
NBN Co chief executive Stephen Rue easily maintained his title as Australia’s best paid public servant last year, netting a $3 million package, as large bonuses led seven Future Fund employees to earn more than $1 million.
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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
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
