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Minister unfazed by $77m NBN Co bonuses

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Minister unfazed by $77m NBN Co bonuses

Bigger than $77 million in bonuses has been paid to executives and senior team at NBN Co over a five-month length.

The funds between July and December nearly doubled the amount paid throughout your complete outdated monetary twelve months.

Early Newspaper

And the bonuses flowed as Australia persisted its worst recession in a century.

The authorities-owned industry acknowledged the bonuses had been handiest paid if performance targets had been met.

Communications Minister Paul Fletcher has no pronounce with the funds.

“The NBN was serious for Australia getting through COVID,” he told ABC radio on Thursday.

“Web page visitors phases had been up 70 per cent throughout the day, hundreds and hundreds of folks moved to working and studying from home and additionally they principal decent broadband and the NBN delivered.”

Nevertheless opposition communications spokesman Michelle Rowland savaged the bonuses.

“It is fully shameful that NBN Co is doling out some $77 million in private bonuses whatever the reality we have gotten over 200,000 Australians who aloof can no longer entry minimal speeds,” she acknowledged.

Mr Fletcher denied there had been double standards at play after the authorities savaged Australia Submit and its traditional boss Christine Holgate for gifting watches to senior executives.

“Bonuses had been paid to the overwhelming majority of Australia Submit employees, in particular frontline employees,” he acknowledged.

“The manager govt had made a commitment that the senior leadership team would no longer be taking bonuses, and so as that was a decision initiated by the firm.”

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Minister unfazed by $77m NBN Co bonuses