Bob Brown (Tasmania, Australian Greens) Share this | Link to this | Hansard source

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.