Bad hair day: Australia Post’s corporate credit cards treated executives with luxury perks

Australia Put up company bank cards paid for hair salon therapies, make up appointments and luxurious abroad accommodations for executives, in response to explosive claims from firm insiders.

Besieged CEOChristine Holgate was stood down this week on her full $1.3million wage pending an investigation into the alleged misuse of company bank cards.

She was reportedly personally chauffeured to her luxurious vacation home at Pearl Seaside on the NSW central coast.

Different bills charged to Australia Put up’s company bank card included lavish dinners, consuming periods and even flowers for the workplace.

Australia Put up CEO Christine Holgate (pictured) has been stood down pending an investigation into the misuse of firm bank cards

Nights in town have been reportedly charged to the corporate bank card of Australia Put up (inventory picture)

Private drivers additionally commonly ferried her from her North Shore house in Sydney tothe corporate head workplace in Redfern,The Weekend Australian revealed.

The revelation comes as Australia Put up disclosed on Friday that 4 Cartier watches gifted to workers in 2018 from Ms Holgate truly value just below $20,000, not $12,000 as first claimed.

The senior workers handed the posh watches have been Gary Starr, Deanne Keetelaar, Anna Bennett and Greg Sutherland.

It adopted the quartet securing the historic $66million Financial institution at Put up deal, which sees Australians entry banking providers via Australia Put up.

Former Australia Put up chairman, John Stanhope, is known to be telling an inquiry into the scandal that the board didn’t log off on the posh watches.

Based on the AFR, Mr Stanhope plans to inform the inquiry that whereas the board agreed with Ms Holgate that well-performing executives deserved presents, it did not approve the Cartier watches.

Officers are investigating the potential of irregular use of taxpayer cash by Ms Holgate, board members and different Australia Put up executives.

One former Australia Put up government mentioned they have been ‘gobsmacked’ on the alleged ongoing misuse of the bank cards.

Australia Put up CEO Christine Holgate (pictured) was ordered to face down after luxurious watches price 1000’s of {dollars} got to executives

Below Ms Holgate’s tenure, a stream ofsenior administration and government group stop their respective posts.

Amongst these are chief monetary officer Janelle Hopkins, chief working officer Bob Black, services government Philip Dalidakis, worldwide providers government Annette Carey and chief digital officer Andrew Walduck.

Ms Holgate changed Ahmed Fahour as Australia Put up chief government in October 2017. His closing take-home pay in 2017 was a staggering $10.8million.

Australia Put up additionally confirmed this week Ms Holgate would proceed receiving her wage price $27,000 per week whereas she is stood down in the course of the investigation.

Ms Holgate – who earns $2.6million a 12 months – gave 4 Cartier watches to well-paid bosses as a reward for clinching a deal to do banking at submit places of work in 2018 (inventory picture)

Luxurious abroad accommodations have been additionally handed to executives from Australia Put up (inventory picture)

TheWeekend Australianadditionally uncovered additional particulars of company spending by Australia Put up workers.

Excessive-flying executives have been reportedly utilizing company containerson the Melbourne Cricket Floor and ANZ Stadium in Sydney.

Workers reportedly used the venues to take out household and associates, with one employees member mentioned to have used a company field to observe an Adele music live performance with household.

In 2019, Ms Holgate was on a base wage of $1.4million however with bonuses, her chief government remuneration swelled to $2.565million.

Throughout her suspension, she is going to nonetheless pocket $110,000 a month, or the equal of $1.3million a 12 months.

Australia Put up boss was grilled over Cartier watches this week

Labor Senator Kimberley Kitching grills Ms Holgate in cross-examination after revealing prime executives have been ‘awarded’ watches.

Senator Kitching: And what was that award?

Ms Holgate: They received watches.

Senator Kitching: And what have been the watches?

Ms Holgate: They have been a Cartier watch of a couple of worth of $3,000 every.

Senator Kitching: 4 individuals received Cartier. Do you bear in mind the model, the sort? Was it a Cartier Tank? What was it?

Ms Holgate: I do not recall. I did not truly buy them. They have been organised via my workplace on behalf of the Chair and I.

Senator Kitching: OK so simply to be clear, the 4 individuals who obtained Cartier watches have been Mr Starr. You obtained one, Ms Holgate?

Ms Holgate: No, I didn’t.

Senator Kitching: Do you, Ms Holgate, contemplate it applicable to make use of taxpayers’ cash to purchase Cartier watches for already highly-remunerated Australia Put up executives?

Ms Holgate: I’ve not used taxpayers’ cash. We’re a business organisation. We don’t obtain authorities funding. We’re a business organisation.

Senator Kitching: It’s a authorities organisation.

Ms Holgate: It was a advice from our Chair that these individuals get rewarded.


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