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Federal politics live: Australia Post CEO reveals 'mind-blowing' bonus

Australia Post's chief executive Paul Graham has told an estimates hearing he received a $1.2 million executive bonus on top of his $1.64 million base salary.

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Australia Post CEO reveals 'mind-blowing' bonus

Australia Post's chief executive Paul Graham has revealed he received a $1.2 million executive bonus on top of his $1.64 million base salary.

Fronting Senate estimates last night, Graham was asked by Liberal senator Sarah Henderson about his salary in relation to the company's performance results for the 2026 financial year, which included a pre-tax profit of $31.8 million.

An underlying loss of $107.6 million excluded profit from property sales of $139.4 million, according to the company.

The CEO told estimates "half" of his $1.2 million bonus was contingent on the company's "property strategy being executed".

"That's a mind-blowing amount of money," Henderson responded.

Graham will retire at the end of June 2027, and said the decision was made in consultation with his family.

"I'm 65 next month, I know I don't look it, and it's been a decision that has been coming for some time."

Good morning 👋

Hello friends. Welcome to our politics live blog. I'm Courtney Gould from the ABC's Parliament House team, here to guide you through the day.

We've got another day of Senate estimates ahead of us, where officials from the Health Department, Treasury, and the Department for Foreign Affairs and Trade will be questioned by senators.

The Reserve Bank is also listed to appear. They'll join estimates around the same time the Australian Bureau of Statistics drops its latest inflation data.

Focus in the chamber is expected to stick with the government's digital duty of care legislation. But don't be surprised if the Coalition continues to pile on the pressure on the PM and the $6 million Marrickville Golf Club grant.

There's a little bit happening this morning, so let's jump straight into it.

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