14Remuneration

14 Remuneration

(1) A member is to be paid the remuneration that is determined by the Remuneration Tribunal. If no determination of that remuneration by the Tribunal is in operation, the member is to be paid the remuneration that is prescribed by the regulations. (2) However, a member is not entitled to be paid any remuneration under subsection (1) if the member holds an office or appointment, or is otherwise employed, on a full‑time basis in the service or employment of: (a) a State; or (b) a corporation (a public statutory corporation) established for a public purpose by a State law, other than a tertiary education institution; or (c) a company limited by guarantee where the interests and rights of the members in or in relation to the company are beneficially owned by a State; or (d) a company in which all the stock or shares are beneficially owned by a State or a public statutory corporation.

Note: A similar rule applies to a member who has a similar relationship with the Commonwealth or a Territory—see subsection 7(11) of the Remuneration Tribunal Act 1973.

(3) A member is to be paid the allowances that are prescribed by the regulations. (4) This section is subject to the Remuneration Tribunal Act 1973.