Parliamentary Annuities Determination (No 2) 2020

4 Annuity for former Prime Minister

The annuity payable under section 43(1)(a) of the Members of Parliament (Remuneration and Services) Act 2013 to a person who has held the office of Prime Minister for not less than 2 years (whether for a continuous period or for periods totalling 2 years) is payable at the yearly rate of the lesser of the following:

(a)

$10,900 for each complete year of the total period for which the person held the office:

(b)

$54,500 (annual maximum annuity payable).