NBN Co executives and employees got $77 million in bonuses in back half of 2020
WedWednesday 17
Contractors hired by NBN Co are not eligible for the bonuses.
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More than $77 million in bonuses were handed to the executives and employees of NBN Co over a five-month period in 2020.
Key points:
NBN Co employees and executives received more bonuses in five months last year than in the 2018-19 financial year
The Commonwealth-owned company employs over 6,000 people and calls bonuses the short-term incentive scheme
NBN Co defended the bonuses and a spokeswoman said they abided by the rules
The bonuses were issued between July 1 and December 1 last year, and was about $34 million dollars more than what was distributed during the entire 2018-19 financial year.