All times AEDT (GMT +11). Ms Holgate said the employees were given the watches on behalf of the chair of the board and herself as a thank you gift. Christine Holgate (born 1963/1964) is a British business executive, and has been the chief executive ( He said he had not given the watch to anyone else, including his wife. “Front line postal workers put in an inordinate amount of work, too. The controversy over Ms Holgate echoes that around her predecessor Ahmed Fahour, who faced public criticism over his pay, which topped $10 million in the year he stepped down. The Federal Government owns Australia Post but it operates as an independent business and does not receive funding from the Government. "Australia Post is self-funding, but having said that they're a government-business enterprise that is reportable to a minister and therefore the Parliament, so while it's not taxpayer funded, it still has an accountability to the government.". Nationwide News Pty Limited Copyright © 2020. Australia Post has delivered 300 million packages since the beginning of the pandemic, compared to 90 million during 2018-19. But the majority of the money was handed to 2,500 workers who hold the title of either general manager, head of department or senior manager, at a cost of more than $60 million. Christine Holgate has stepped aside while investigations continue into the purchasing of Cartier watches as a bonus for staff. 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The chief executive of Australia Post is standing aside from her role after four senior employees were given $3,000 Cartier watches as a "thank you" for working to secure a lucrative deal with three of the major banks in 2018. Australia Post boss will be suspended on $110,000 a month while she's investigated for her lavish $12,000 Cartier watches. She received $1.6 million in pay in 2019-20, taking a voluntary 20 per cent cut due to COVID-19. US Presidential debate live updates: Trump V Biden reaction,... Gladys Berejiklian aide: Stronger Communities Fund grant doc... Eddie McGuire explodes over Australia Post boss Christine Ho... Australia Post boss Christine Holgate paid $100K salary on f... ASIC boss James Shipton steps aside over $118k relocation-re... Find out more about our policy and your choices, including how to opt-out. The ritzy gifts were revealed at a Senate estimate hearing on Thursday, where the $2.6 million-a-year CEO admitted the watches were given to employees who brokered a lucrative deal offering banking services to post office customers in 2018. News. The comment from “Liam”, posted beneath a tweet saying front line employees had worked just as hard as the company’s executives, joked that he had “light wrists”. Australia Post … After the 2018 deal, Ms Holgate accused ANZ boss Shayne Elliott of misleading the public over a fee dispute. Queensland Liberal Amanda Stoker echoed Mr Morrison's comments in Question Time, saying she too was "appalled" by Ms Holgate's evidence. Help using this website - Accessibility statement. Share to Facebook; Twitter; LinkedIn; Bookmark Save articles for future reference. "We are the shareholders of Australia Post on behalf of the Australian people … she has been instructed to stand aside, if she doesn’t wish to do that, she can go!" Earlier, a shaken Ms Holgate — herself wearing a gold Bulgari watch that retails for up to $48,000 — attempted to defend the purchase of the luxury items, arguing it was a legitimate reward for “an inordinate amount of work”. Picture: NCA NewsWire / Gary RamageSource:News Corp Australia. "I have asked the chair [of Australia Post] to provide the full support of the company for this investigation, and I have also asked the chair to inform the chief executive that she will be asked to stand aside during the course of this investigation.". During this time, Rodney Boys, Chief Financial Officer will be acting in the role.”. One former colleague told The Australian Financial Review Ms Holgate had alienated staff and forced out critics. Australia Post's chief financial officer Rodney Boys will become acting chief executive. The Estimates hearing was told the watches went to a team who worked on a multi-million-dollar deal that meant customers of Commonwealth Bank, Westpac and NAB could do their banking at post offices. asking for his own gift of designer jewellery as a reward for hard work. Scott Morrison will consider alternative quarantine arrangements to get Aussies home; anti-lockdown protestors have again taken to Melbourne's streets; ASIC chairman James Shipton has stepped aside. “I was appalled and it is disgraceful and it’s not on,” he said in Question Time on Thursday. Australia Post chairman Lucio Di Bartolomeo said the organisation would “fully co-operate” with the investigation after Ms Holgate revealed the watches were valued at around $3000 each. "We are a commercial organisation. Although the make up of the board has changed in the past two years, he is eager to ensure that cultural problems don't persist under the current board. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. Ms Holgate has been forced to defend her tenure at Australia Post amid a series of controversies, including threats to call in the police over delays to the delivery of Pauline Hanson-branded stubby holders destined for residents of Melbourne's locked-down public housing towers in September. Answering questions from Victorian Labor senator Kimberly Kitching, Ms Holgate said the spending was appropriate for a commercial business. So very gauche! "We are the shareholders of Australia Post on behalf of the Australian people," he said. "I absolutely believe that our communities would feel that this organisation has served the community and Australia," she said. Australia Post boss Christine Holgate is resisting pressure to quit over revelations she purchased luxury watches for senior executives who secured a controversial banking deal, instead temporarily standing aside during an investigation. "She’s a narcissist," they said. Greg Rayner, the national secretary of the CEPU communications union, said the gifts were outrageous. "What she appears to have done does not pass the pub test.". Australia Post has recently reduced letter delivery services to every second day in a bid to meet the increased demand of delivering parcels, which now make up 61 per cent of its business because of the increase in online shopping. Communications Union national secretary Greg Rayner said gifts for highly paid executives were outrageous. Picture: NCA NewsWire / Penny StephensSource:News Corp Australia. The Australia Post spending investigation continues. An Australia Post employee has made hilarious use of the company Twitter account amid the watch scandal — posting a public jab at the under-fire CEO. Australia must consolidate its relative success in managing the virus into a much better national approach to pandemics. Australia Post workers in the sales department received nearly $10 million in bonuses through what is called the "sales incentive scheme". “Group CEO & Managing Director Christine Holgate will stand aside during the investigation. "We've worked in extremely difficult circumstances. Mr Starr, Australia Post's executive general manager, said he wasn't wearing his watch while giving evidence to the committee on Thursday. Australia Post chief executive Christine Holgate during Senate estimates in Canberra. "I was as shocked and concerned as everybody else to discover this when it was revealed in Estimates this morning," Mr Fletcher had said earlier. Footy finals, horse races, and Test cricket bring reassurance after some awful months. While Australia Post operates as an independent business, the Federal Government is the main shareholder. Former Victorian Labor minister Philip Dalidakis quit Australia Post in February, one of a series of departures which included executives Amanda Murray-Johnson, Janelle Hopkins and Paul Urquhart. 2 hours ago . Australia Post CEO Christine Holgate stood down over $12k Cartier watch staff reward . Mr Stanhope told The Australian Financial Review he didn't remember the purchases. Australia Post received a combined $66 million from Commonwealth Bank, Westpac and NAB as a result of the Bank@Post deal so their customers could access banking services at locations across the country. Earlier, a furious Scott Morrison bluntly told Ms Holgate if she doesn’t stand aside “she can go”, adding he was “disgusted” by the abuse of taxpayers’ money. Under questioning from Greens senator Sarah Hanson-Young, Australia Post executive general manager of people and culture Susan Davies defended the spend. As Victoria finally emerges from its long pandemic winter there are calls for a new national road map to guide how we live with COVID-19 in 2021. "Quite frankly, I can't remember authorising it back in October '18," he said. First Dog on the Moon. Prime Minister Scott Morrison said he was "appalled" and that the gifts were "disgraceful and not on". “I have asked the chair (of Australia Post) to provide the full support of the company for this investigation, and I have also asked the chair to inform the chief executive that she will be asked to stand aside during the course of this investigation,” he said.

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