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Share Share on Twitter Australia Post has agreed to pay $1 million to former chief executive Christine Holgate, in the wake of the Cartier watches furore. Australia Post and Ms Holgate on Wednesday issued a joint statement confirming the payment, after mediation late last month in the Federal Court. They said Ms Holgate had released Australia Post from all legal claims and the organisation was making the payment without any admission of liability. “The parties have reached a settlement and Australia Post has agreed to pay $1,000,000 to Ms Holgate to be taxed as an employment termination payment,” the statement said. “Australia Post also agreed to pay $100,000 of Ms Holgate s legal costs.” ....
Australia Post pays former CEO $1million settlement after Cartier watch scandal Ms Holgate left company after gifting four luxury watches to executives last year The four watches had a value of $20,000 which was criticised by Prime Minister Morrison demanded Ms Holgate resign after bringing topic up in Parliament Aus Post instead admitted they regretted situation and settled with former boss ....
Holgate was stood down in October 2020 due to a political backlash over her decision to gift four senior managers Cartier watches later valued at $20,000. Holgate told a Senate inquiry earlier this year that Australia Post’s chair, Lucio di Bartolomeo, unlawfully stood her down from her job, but Australia Post denied the claim, countering that she had agreed to stand aside and later resigned. According to the statement distributed on behalf of the parties, Australia Post and Holgate participated in mediation on 23 July before former federal court justice Peter Jacobson. The parties had reached a settlement, consisting of a $1m payment “to be taxed as an employment termination payment” to Holgate and $100,000 of legal costs. ....
Australia Post, Christine Holgate settle on $1 million termination payment following Cartier watch scandal Australia Post and Christine Holgate issued a public statement on Wednesday advising they have reached a settlement after the former CEO left the company at the end of last year. Zoe ZaczekDigital Reporter August 4, 2021 - 1:50PM Australia Post’s former chief executive Christine Holgate will receive $1 million as an employment termination payment following the controversial Cartier watch saga. Ms Holgate and the federal government-owned company participated in a mediation on Friday July 23, before the Hon. Peter Jacobson QC, a former Justice of the Federal Court of Australia. ....
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