Australia Post chief received 1.2 million dollar bonus after property sale

The outgoing chief executive of Australia Post, Paul Graham, received a 1.2 million Australian dollar bonus in the last financial year, the Guardian reported. The payout came on top of his base salary of 1.64 million Australian dollars. [1]

According to the Guardian, the bonus followed the 139.4 million Australian dollar sale of property owned by Australia Post. The sale pushed the organisation into a profit for the year. [1]

Graham confirmed the bonus to a Senate estimates hearing on Tuesday night, the Guardian reported. He said the payout was based on two performance components, with one tied to the property strategy executed by the organisation. [1]

Australia Post is an Australian government-owned corporation that delivers postal services across the country, with its head office in Richmond, Victoria. Graham announced earlier this month that he will retire in June 2027 after five years leading the entity. [1][2]