Switkowski makes $50,000 a month as NBN Co acting CEO

$700,000 on annualised basis including salary as chairman

NBN Co Chairman Ziggy Switkowski will make an additional $50,000 a month working 3.5 days a week as long as he serves as acting CEO, Switkowski revealed at a parliamentary hearing this morning.

Adding that to remuneration from the role of chairman, Switkowski confirmed that he will make $700,000 on an annualised basis if he keeps the acting CEO role for 12 months.

Switkowski was answering a question by Senator Stephen Conroy at the second day of a hearing in the Senate Select Committee on the National Broadband Network. Conroy also asked Switkowski for information including the chairman’s phone bill and travel costs, but Switkowski said he would submit that information later.

The next CEO of NBN Co will have a salary “in the [same] ballpark” as what former CEO Mike Quigley made, Switkowski said. Quigley had been making $2 million a year, a salary that Conroy had defended when he was communications minister.

The NBN Co is currently conducting a 60-day review of the NBN that will analyse the progress and cost of the NBN rollout and NBN Co’s financial and operational status.

Switkowski confirmed that NBN Co will be submitting the review to the government on Monday. Communications Minister Malcolm Turnbull will decide when it is published, and has not told Switkowski how soon he will do so, the NBN Co chairman said.

The NBN committee was established earlier this month on a joint motion by Labor Senator Kate Lundy and Greens Senator Scott Ludlam. The committee does not include either Turnbull or Shadow Minister Jason Clare because neither are senators.

In the first day of the hearing, Conroy pressed the Department of Communications to confirm that a fibre-to-the-node scheme for the National Broadband Network will result in less revenue for the government.

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Tags ziggy switkowskiremunerationsalaryNBN

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4 Comments

Jim

1

Worth pointing out that this is for 3 1/2 days a week.

Adam Bender

Staff

2

Good point. Have added that detail.

Ann McNamara

3

This bloke will be one of the first to cull his staff. How come he is getting so much money. Nobody is worth this and I don't care which party is in this salary is disgusting. As bad as the banking industry. Iwatched this bloke and he couldn't answer any questions. How come he gets away with this?

Greg

4

As he is a friend of Turnbill like all the other Telstra rep's on the NBN. Jobs for his mates.

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