Prime Minister Tony Abbott.
Prime Minister Tony Abbott. Vicki Wood

Tony Abbott's razor gang will be paid $1500 a day

MEMBERS of the team hand-picked by the Abbott government to rein in spending will be paid $1500 a day.

The Coalition's election costings earmarked $1 million for the government-wide commission of audit, set up last week to consider ways to cut costs and privatise assets or services.

Finance Minister Mathias Cormann told Fairfax Media the Business Council of Australia president, Tony Shepherd, would be paid $1500 a day to head the commission.

The same rate would apply for the four other commissioners: former Liberal minister Amanda Vanstone, former Finance Department secretary Peter Boxall, former Treasury chief Tony Cole and former West Australian director-general Robert Fisher.

''This level of remuneration recognises the skills, experience and responsibilities of the commissioners and the fact the role is of limited duration,'' Senator Cormann said.

Labor finance spokesman Tony Burke said the "big business representatives" would be paid more in a day than a family received through the Schoolkids Bonus each year.

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