RBA should cede control over senior pay, says Australian lawmaker

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An Australian lawmaker has called on the central bank to transfer power over decisions on senior officials' pay to an external body, potentially placing governor Glenn Stevens' high wages in jeopardy.

Bob Brown, a member of Australian prime minister Julia Gillard's ruling coalition, on Tuesday was reported by Bloomberg as saying the pay of top Reserve Bank executives should be set by the same panel that decides compensation for judges and other officials. "That would ensure the proper checks and

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