On 18 December 2020, and in accordance with section 19 of the Victorian Independent Remuneration Tribunal and improving Parliamentary Standards Act 2019 (Vic) (VIRTIPS Act), the Tribunal made the Remuneration bands for executives employed in prescribed public entities (Victoria) Determination No.2020 (2020 Determination).
The Determination sets the framework for an executive's remuneration based on their relevant remuneration band.
In accordance with section 20 of the VIRTIPS Act, the Tribunal made further Determinations in 2021, 2022 and 2023, which provided for an annual adjustment to the values set in the 2020 Determination.
Information about the 2020 Determination and the 2021, 2022 and 2023 Annual Adjustment Determinations is set out below.
2020 Determination
In accordance with the VIRTIPS Act, the 2020 Determination set the value of remuneration bands for executives employed in prescribed public entities.
The 2020 Determination, including the Statement of Reasons, is available here:
Annual Adjustments
The Tribunal's 2021, 2022 and 2023 Annual Adjustment Determinations adjusted the values set in the 2020 Determination with effect from 1 July 2021, 1 July 2022 and 1 July 2023, respectively.
Click on the links below for more information about the Annual Adjustment Determinations.
Annual Adjustment 2021 for executives employed in prescribed public entities
The Tribunal made an annual adjustment to the remuneration bands for executives employed in prescribed public entities, which took effect on 1 July 2021.
Annual Adjustment 2022 for executives employed in prescribed public entities
The Tribunal made an annual adjustment to the remuneration bands for executives employed in prescribed public entities, which took effect on 1 July 2022.
Annual Adjustment 2023 for executives employed in prescribed public entities
The Tribunal made an annual adjustment to the remuneration bands for executives employed in public service bodies, which took effect on 1 July 2023.
Consolidated Determination
For ease of reference, the Tribunal published a consolidated version of the 2020 Determination, incorporating changes made by the 2021, 2022 and 2023 Annual Adjustment Determinations.
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