RBA should cede control over senior pay, says Australian lawmaker

reserve-bank-of-australia2

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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: