GT protects Chairman's Lounge membership
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Back to the "Chairman's lounge"
Perhaps in the interest of transparency, ASIC could look into this pecuniary yet non-disclosed benefit.
Given Fort Fumble say commercial in confidence, yet claim nothing untoward transpires, then a transparent disclosure of the membership list is in the public interest.
Perhaps an email to young James Shipton, asking him of his membership status and whether or not ASIC has issues with conflict..
Perhaps in the interest of transparency, ASIC could look into this pecuniary yet non-disclosed benefit.
Given Fort Fumble say commercial in confidence, yet claim nothing untoward transpires, then a transparent disclosure of the membership list is in the public interest.
Perhaps an email to young James Shipton, asking him of his membership status and whether or not ASIC has issues with conflict..
Simply stating facts, old son.
The one-off correction in 2012 is fully explained on the aph.gov.au webpage that Chronic Snooze quoted from.
During the 1980s the MPs’ base salary failed to keep up with inflation resulting in a decline in value in real terms. This was in contrast to the average which kept ahead of inflation and grew, in real terms, at an annual average rate of 0.3 per cent.As a result the base salary, which had been almost three times the average wage in 1975, was only twice the average wage in 1991. During the 1990s MPs were given increases to their base salary which allowed some catch up with average wages. However, despite this by 2011 the base salary was still only 2.2 times the average wage.
In March 2012 MPs received an increase to their base salary of 31.3 per cent. This resulted in a significant increase in the value of the salary relative to average wages. At 2.8 times the average annual wage it was at its highest level in 37 years.
The freeze on MPs’ pay for a year (beginning 1 July 2014) reduced the gap with average weekly earnings. There was no increase in MPs’ base salary in 2015. Since then, the ratio has fluctuated between 2.7 and 2.8.
In March 2012 MPs received an increase to their base salary of 31.3 per cent. This resulted in a significant increase in the value of the salary relative to average wages. At 2.8 times the average annual wage it was at its highest level in 37 years.
The freeze on MPs’ pay for a year (beginning 1 July 2014) reduced the gap with average weekly earnings. There was no increase in MPs’ base salary in 2015. Since then, the ratio has fluctuated between 2.7 and 2.8.
Who would have thought that so many foreigners would be so deeply concerned with Australian politicians and their remuneration?!
By way of comparison, the base salary for US Federal politicians is currently 3.7 times the US average wage. Perhaps you could direct your opprobrium more locally?
Last edited by MickG0105; 7th Jan 2020 at 07:42. Reason: Add US comparison
Simply stating facts, old son.
The one-off correction in 2012 is fully explained on the aph.gov.au webpage that Chronic Snooze quoted from.
In short, Australian politician's salaries have traditionally been set at around 2.7-2.8 times average wages. That relativity was eroded down through the 80s and 90s. In 2011 the Remuneration Tribunal was tasked to determine the appropriate parliamentary base salary. In March 2012 the Tribunal issued a Determination setting the base salary of $185,000 for MPs. That was the one-off 31% increase.
Who would have thought that so many foreigners would be so deeply concerned with Australian politicians and their remuneration?!
By way of comparison, the base salary for US Federal politicians is currently 3.7 times the US average wage. Perhaps you could direct your opprobrium more locally?
So when in the 47 year history of Remuneration Tribunal decisions have they ever awarded a 20% pay rise?
Overview of the Parliamentary Superannuation Act 2004 (https://www.finance.gov.au/governmen...ation-act-2004)
Overview
- The Parliamentary Contributory Superannuation Scheme (PCSS) was closed to new members from 9 October 2004 and superannuation accumulation arrangements were established for Parliamentarians joining Parliament on or after that date.
- The accumulation arrangements were established under the Parliamentary Superannuation Act 2004 (2004 Act) and involve a Government contribution of 15.4% which is calculated on total parliamentary salaries. The Government contribution is payable into a superannuation fund chosen by the Parliamentarian.
In short, Australian politician's salaries have traditionally been set at around 2.7-2.8 times average wages. That relativity was eroded down through the 80s and 90s. In 2011 the Remuneration Tribunal was tasked to determine the appropriate parliamentary base salary.
I don't know what this has to do with anything, just simply stating some facts.
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Dood, c'mon, admit it, outclassed on the argument. You asked a question you didn't know the answer to, it was answered to your stunned surprise. You're now changing the argument.
Boooommmm!
Boooommmm!
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I reckon back on topic is a must. Back to GT...
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I am sure it is no accident that Air New Zealand always wins the site's "World's Best Airline" award and that this NZ advertises on the site and that most of GT's international flying to the US and London as indicated by his Facebook page is done on NZ.
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I am a "conspiracy theorist". I believe men and women of wealth and power conspire. If you don't think so, then you are what is called "an idiot". If you believe stuff but fear the label, you are what is called "a coward".
