Senators are paid certain monetary entitlements as prescribed by various pieces of legislation and reports.
There are two types of entitlements which senators receive. These are:
- Remuneration – the recompense to you for your personal effort (those entitlements which provide a personal financial benefit) including base salary, salary of office and superannuation; and
- Business expenses – the funding which enables you to undertake your duties and responsibilities as a senator. These include electorate allowance, travel, bulk papers, the communication and printing allowance and the resettlement allowance.
Payment of base salary
The base salary for senators is currently $199,040 per annum.
The base salary is paid monthly in arrears, on the last working day of the month. The monthly base salary is $16,586.67.
Salary of office
Senators holding particular offices will be paid an additional salary. The rate of additional salary is set as a percent of base salary.
The base salary and rates of additional salary are determined by the Remuneration Tribunal.
The current rates payable can be found here.
Individual senators will be covered by one of two superannuation schemes.
Parliamentary Contributory Superannuation Scheme
Senators elected prior to October 2004 are members of the Parliamentary Contributory Superannuation Scheme. This is a defined benefit scheme to which senators are required to make personal contributions.
Parliamentary Superannuation Scheme
Senators elected (or returning) on or after the October 2004 general election are members of the Parliamentary Superannuation Scheme. This is a simple accumulation scheme. Under this scheme the Commonwealth will make a monthly superannuation contribution equal to 15.4 percent of salary to a fund of the senator’s choice.
Senators in this scheme may elect to salary sacrifice up to 50 percent of their total salary into a nominated superannuation fund.
The rate of the electorate allowance for senators is $32,000 per annum.
The electorate allowance is paid monthly in arrears, on the last working day of the month.
The monthly amount of the electorate allowance is $2,666.67.
An additional electorate allowance of $19,500 per annum is payable where a senator elects not to receive a private-plated vehicle. The monthly amount of the additional electorate allowance is $1,625.00.
Travel and related entitlements are administered by the Department of Finance. More information about these entitlements can be found on the Ministerial and Parliamentary Services website.
Senators provided with an entitlement to send bulk papers from Parliament House to their electorate offices and visa versa.
Printing and communication allowance
Senators have an annual printing and communications entitlement to the value of $40,000 per annum. A portion of the printing and communication allowance can be used for postage (i.e. up to $1,800 per year).
Senators who retire involuntarily may, under certain circumstances, be eligible for payment of a resettlement allowance equal to three months of base salary (i.e. $49,760).
An additional payment of three months of base salary will also be paid where, in the case of a state senator, the senator has served more than three full years in the Parliament, or, in the case of a territory senator, the senator has served more than one full term in the Parliament.