2 days ago
Prime Minister Anthony Albanese to receive $15,000 pay rise as tribunal grants 2.4 per cent salary increase
Prime Minister Anthony Albanese will receive a pay rise of nearly $15,000 from July 1, bringing his annual salary to $622,050—up from $607,471.
The 2.4 per cent pay bump follows the 2025 Review of Remuneration for Holders of Public Office by the Australian government's remuneration tribunal.
The decision, released on Wednesday, comes amid ongoing cost-of-living pressures and was in line with inflation for the March quarter.
All public offices within the tribunal's jurisdiction will receive the 2.4 per cent pay rise, including federal politicians, senior public servants and departmental secretaries.
'The remuneration increases the tribunal has awarded to offices in its jurisdiction over the past decade have been relatively modest,' the tribunal said in a statement.
The cumulative total of remuneration increases awarded by the tribunal since 2016 amounts to 18.65 per cent.
Federal MPs will receive $249,258 following the ruling, with cabinet ministers receiving varying amounts depending on seniority.
The Prime Minister earns a bonus 160 per cent on top of the standard federal politician salary while the Opposition Leader gets an additional 85 per cent.
'In the current economic context, the tribunal considers an increase of 2.4 per cent appropriate,' the tribunal said.
'This adjustment reflects a measured approach, balancing the need for restraint given economic conditions with the recognition of the upward pressure on household costs.'
Under the new determination, Opposition Leader Sussan Ley will receive an additional $10,374 per year, bringing her total salary to $442,643.
The decision is the first adjustment since the tribunal granted a 3.5 per cent increase in July 2024.
