Govt entity pays $58m in bonuses to staff

QIC CEO Damien Frawley, appearing during Budget Estimates on Monday, revealed the state investment organisation paid $58m in bonuses to staff during the 2019-20 financial year.The bonuses were about $12m more than the $44.2m dividend it paid to the Queensland Government after delivering an $84.3m profit before tax. QIC was the only government-owned corporation to pay a bonus to staff during the financial year. Treasurer Cameron Dick said the corporation had $79bn in funds under management, which he…



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