Thursday, 9 February 2017
Questions without Notice
The Australian community deserves high levels of accountability and transparency from government business enterprises. While Australia Post's reporting of senior executive remuneration is in accordance with the Public Governance, Performance and Accountability Act, it is not in line with the community or government expectations. Australia Post should provide transparency of executive remuneration, which goes beyond its obligations under the PGPA Act. I have asked the board to follow the practice of other GBEs, which disaggregate reporting of senior executive remuneration in annual reports. The PGPA Act should be viewed as the floor, not the ceiling, in the disclosure requirements for the GBE.