NTEU News | 12 August 2013
An analysis by the National Tertiary Education Union of the 2012 Annual reports of Australia’s 37 public universities shows that their vice -chancellors (VCs) were well financially rewarded for their efforts. In total the VCs received remuneration packages worth close to $30m.
The data in Figure 1 shows that total remuneration ranged from $1.2m for the VC of Macquarie University (who for the bulk of 2012 was Prof Steven Schwartz) to a little over $300,000 for Prof Andrew Vann at Charles Sturt University (CSU). The data also clearly indicates that Prof Vann’s remuneration package is very much an outlier with the next lowest package being almost double his package at close $550,000.
The NTEU points out, “as a matter of interest” that the Prime Minister’s salary is about $500,000, which means there is only one Australian VC whose remuneration packet is less than the PM’s salary.
