Treasury vacancies with remuneration undetermined

By Tom Ravlic

March 25, 2022

Josh Frydenberg
Federal Treasury has 13 vacancies across seven Treasury agencies to fill. Treasurer Josh Frydenberg. (AAP Image/James Ross)

Treasurer Josh Frydenberg has lodged a periodic disclosure that reveals federal Treasury has 13 vacancies across seven Treasury agencies to fill, but it is yet to provide clues as to what 31 people appointed to Financial Services and Credit Panel will be remunerated.

The document, which is dated 21 March 2022, tells the federal parliament that several organisations had a series of appointments made during the period between 25 January 2022 and 10 March 2022.

There are 54 appointments to be announced in the document and the disclosures include the term of appointment and remuneration for most of the roles.

Members of the Takeovers Panel appointed for a three-year period from 8 March 2022 to 7 March 2025 are listed in the document and the disclosure reveals panel president Alex Cavel gets $27,740 each year plus $1,166 per day that the panel gets on the tools.

There were 16 other members of the panel listed in the disclosures and their remuneration is an annual payment of $5,550 plus a payment of $1,166 each day that the panel sits.

Four members of a little-known but important body the Companies Auditors Disciplinary Board have had appointments and remuneration disclosed, with Maria McCrossin, a lawyer from New South Wales, serving another year as chair of the auditors’ disciplinary body.

She was first appointed as chair of the disciplinary body in 2015 and the remuneration of the chair of CADB is $1499 per day; the ordinary members of the CADB receive $1,200 per day.

Greg Lewis from Victoria has been appointed to the Tax Practitioners Board in an acting capacity for the period of three months. He pockets $1,110 per sitting day whenever the tax professionals’ regulator does its business.

The government, however, appointed 31 people to a body called the Financial Services and Credit Panel. It is clear appointees will serve a two-year term each but there is no information about what these panel members are going to get paid.

Remuneration, according to the material supplied to parliament by Treasury, is “to be determined”.

The tail end of the document reveals that the government has 13 vacancies to fill.

Two positions on an advisory board for the Australian Charities and Not-for-profits Commission need to be filled and the Australian Competition Tribunal is missing four deputy presidents.

Three commissioner roles are currently empty at the Productivity Commission with one of those positions being that of the deputy chair.

The Markets Taskforce Expert Advisory Board needs a chair and the Tax Practitioners Board, the Payment Systems Board, and the Australian Statistics Advisory Council each require a person to fill their batting order.


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