No joke. On top of his salary. He not only gets paid for doing his job, but also gets paid extra for being the right person for the job.
How much extra?
It's here, in Treasury FoI documents.
Special Minister of State Gary Gray split his pay into two because the total salary (set by the RBA board) couldn't be justified by the Remuneration Tribunal.
Stevens will continue to get his pay and margin.
His successor will have to get by with just the pay: $850,000.
Stevens himself thinks he is paid like anyone else:
Here's how he explained it (tersely) to the House economics committee:
Everyone else in the country does not sit on a board with remuneration committee members who dole them out government funds in excess of government guidelines. Just as well for Stevens. He would face truly massive inflation if everyone did.
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