Posted: 1:32 pm on 20th January 2014

airplaneThe taxpayer-funded travel stories continue . . .

There’s been the the Overseas Study Travel Reports here, the $150,000 Mistoffelees Express here, the $50,000-an-hour pollie-shuttles here, and, most recently, Senator Kim Carr’s recent holiday to Germany here.

And so it was, that WasteWatch turned to page 6 of a recent copy of The Australian Financial Review (14th Jan 2014), looking for some light reading of course, and found instead a beautiful little article (originally) entitled “ASIC Chairman’s $246,490 travel bill ‘a hell of a lot of money‘.”

Greg Medcraft, the current ASIC chairman, pulls in a cool $716,800 p.a.,  the taxpayer paid for 11 trips during the course of 2013, with trips to, amongst others, London, Beijing, Moscow, and even a 5-day visit to Panama.

The flights were almost all business class, although the Chairman did ride steerage a couple of times. Not for longer than two hours though.

Nationals Senator John Williams suggested that the Chairman, whose performance has been criticised by many in the Coalition, might want to “get his own house in order,” before gallivanting off around the globe.

The Chairman seems unfazed by the attention though, publishing a list of his planned trips for the first half of this year: Hong Kong, Kuala Lumpur, and Madrid.

Your tax dollars at work!

William Shrubb, Research Assistant, WasteWatch

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