Bob Brown Tasmania, Australian Greens
3:53 pm
I move:
That the Senate—(a) notes:
- (i)
- the recent 6 per cent pay rise given to the Commonwealth Bank chief executive, Mr Ralph Norris, providing him a salary package of $9.2 million at the same time as the bank’s annual profit is dropping,
- (ii)
- that in 2008, in response to the financial crisis, Australian taxpayers guaranteed deposits in the four major banks to the value of $700 billion, and
- (iii)
- that tougher rules on banker remuneration was a key topic at the G-20 Finance Ministers’ meeting held in September 2009; and
Question put.
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