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Tuesday, 10 December 1974
Page: 3344


Senator Withers asked the Minister representing the Treasurer, upon notice:

(   1 ) On what dates were Mr R. J. Hawke and Professor L. F. Crisp appointed to the Reserve Bank and the Commonwealth Banking Corporation respectively.

(2   ) What are the terms of their appointments.

(3   ) What salary and allowances are paid to each person.


Senator Wriedt - The Treasurer has provided the following answer to the honourable senator's question:

(   1 ) and (2) Mr R. J. Hawke was appointed by the GovernorGeneral in Council as a member of the Reserve Bank Board for the period of five years commencing on 28 August 1973. Professor L. F. Crisp was appointed by the GovernorGeneral in Council as a member of the Commonwealth Banking Corporation Board for the period of five years commencing on 19 February 1974. Professor Crisp was subsequently appointed by the Treasurer to the Executive Committee of the latter Board for the Commonwealth Savings Bank.

(3)   The Governor-General in Council has determined that members of the Reserve Bank Board and the Commonwealth Banking Corporation Board shall be paid remuneration at the rate of $3,200 per annum, plus, in the case of members of the latter Board appointed to an Executive Committee of the Board, an amount of $35 per day for attendance at meetings of the Committee held during a week when the full Board does not meet. Members of both Boards are also entitled to reimbursement of cost of travel and a per diem travelling allowance when engaged on the business of the respective Boards.







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