Anthony Albanese’s annual paycheck will increase by more than $22,000 under a raft of sweeping pay rises set to hit the pockets of the nation’s federal politicians.
Federal MPs and senators will receive a 4 per cent wage hike in September after a tribunal awarded the first pay rises for senior politicians since 2019.
The decision, which marks the largest wage rise for members of parliament in a decade, will increase the Prime Minister’s annual salary from $564,200 to $586,768, while Opposition Leader Peter Dutton will earn about $417,508 per year.
Mr Albanese’s deputy Richard Marles, who brings in about $416,212 annually, should see his pay packet rise to $432,860 on Thursday.
Senior cabinet members such as senate leader Penny Wong will see her salary increase from $406,988 to $423,277.
Federal backbenchers without any portfolio responsibilities, including former prime minister Scott Morrison, will see a pay bump from $217,060 to $225,742.
This does not include allowances federal politicians receive for work-related travel, accommodation and food, which has also slightly increased.
The independent remuneration tribunal announced the decision on Monday and said previous wage rises for federal MPs had been “conservative”, including the 2.75 per cent handed down in July 2022.
In a statement, the tribunal said the new figures were “appropriate to the responsibilities and experience required of the roles” and sufficient “to attract and retain people of calibre”.
“The tribunal’s primary focus is to provide competitive and equitable remuneration that is appropriate to the responsibilities and experience required of the roles,” it said.
Public office holders will receive their pay increase backdated to July 1, with MPs’ pay rises to take effect from September 1.
