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But Ive come to the conclusion that the timing is right. As the half-year results show, the transformation has worked, Fahour said. Fahour, 50, said he would leave Australia Post in July following the announcement of his successor. The government later said an independent tribunal that decides the salaries of lawmakers, judges and government department bosses will rule on how much Fahours replacement is worth. While the Australia Post board of directors will continue to decide the managing directors salary package, it will now have to doctor home loan rate Oak Laurel persuade the Remuneration Tribunal that the pay is consistent with what other senior public servants are paid. Earlier this month, a Senate committee revealed Fahours pay despite objections from Australia Post that making it public could damage the corporations brand. His AU$4.4 million salary plus an AU$1.2 million bonus in the last fiscal year was more than 10 times the prime ministers salary of AU$507,000. By contrast, U.S. Postal Service Chief Executive and Postmaster General Megan Brennans salary was $286,137 last year. Fahour said Australia Post should not be compared to the loss-making U.S. Postal Service.

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