Sydney Private Schools' Exec Pay Surge

0:00It's April 1st. This is Sydney News Today, your AI-powered local news. Two Sydney private schools show down massive cash for their top exec teams last year. Newington College pay $5,300,000 to 19 key managers, while Pimble Ladies College dropped the same amount on. 15 executives. These figures come straight from their 2024 financial reports, filed with the Charities Commission. Across 48 Sydney schools, management paid jumped big time for many. 13 saw increases of $500,000 or more, year over year, and 15 others grew by at least $100,000. Fees have spiked by thousands annually to cover rising staff costs, including teacher wages. Spokespeople point to restructures, more staff, salary bumps, and bigger responsibilities at schools pulling in millions in revenue. Public school principals top out around $236,318 a year, highlighting the gap.

1:00Education Minister Jason Claire says every fee dollar should boost student learning and parents deserve transparency on principal pay. Some spots like Cranbrook got skewed by one-time payouts to ex-leaders and team sizes vary wildly. SCEGGS, Redlands, jump to 21 managers. A few schools even cut totals due to turnover or leave payments. Independent schools NSW defends it as matching skills for complex operations. This trends just heating up since charity reporting rules kicked in two years back, with schools justifying every dime to regulators. Keep an eye on those fee hikes, they're funding these growing front offices.