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Victorian public entity executive employment

Information and guidance relating to the employment of executives in prescribed public entities in Victoria.

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News

There is a new contract and handbook

The new employment contract and handbook for public entity executives is available on this page.

The executive motor vehicle scheme and calculator have been updated

The new executive motor vehicle scheme and calculator account for zero emissions vehicles. They are both available on the website, Executive motor vehicle scheme.

2025-26 remuneration changes

The Premier issued the 2025-26 annual adjustment guideline rate on 13 October 2025. For further information, please visit the website, Executive and senior office holder annual remuneration changes.

On 23 September 2025, the Victorian Independent Remuneration Tribunal issued its 2025 Determination of Remuneration Bands for Executives Employed in public service bodies and Prescribed Public Entities. For further information and to view the Determination and remuneration bands, please visit the Tribunal’s website.

Context

A public entity executive is a senior public official employed by the board or CEO of a public entity in accordance with the Public Entity Executive Remuneration (PEER) Policy and PAA. Public entity executives are employed under their entity’s establishing legislation.

If you are after information about executives in the Victorian public service, please visit the website, Victorian public service executive employment.

Public Entity Executive Remuneration Policy

The Public Entity Executive Remuneration (PEER) Policy supports consistency and transparency in executive employment and remuneration in prescribed public entities.

The PEER Policy requires that:

For more detail on the PEER Policy and its requirements, please visit the PEER Policy website.

Executive employment contract and handbook

The contract

The Standard Executive Employment Contract has been developed for use when employing executives in prescribed public entities. The contract contains details of the employment arrangements for executives including remuneration and superannuation, termination and leave.

While the use of this contract is not mandatory, it is strongly encouraged to ensure consistency with government policies. The contract has been drafted with clauses in bold reflecting core terms and conditions which are mandated by the Public Entity Executive Remuneration Policy.

The contract is available for download here:

Contract for public entity executives Word 135.02 KB (opens in a new window)

The handbook

The handbook is intended to support executives and their employers in interpreting and understanding the contract. Specifically, it:

The handbook is available on the page, Victorian public entity executive contract handbook.

Previous contract and handbook

The previous contract and handbook are available for download.

This version of the contract should not be used for any new appointments or reappointments.

Public entity executive employment contract pre-2025 Word 94.35 KB (opens in a new window)

Public Entity Executive Employment Handbook pre-2025 PDF 274.85 KB (opens in a new window)

Remuneration

The Victorian Independent Remuneration Tribunal (Tribunal) determines the executive remuneration bands for executives employed in VPS bodies and in prescribed public entities.

The remuneration paid to a public entity executive must be within their relevant remuneration band. An executive’s relevant remuneration band is determined based on the outcome of a work value assessment, conducted according to the work value assessment methodology in the Victorian Public Sector Commission (VPSC) classification frameworks.

Employers make decisions as to an individual executive’s remuneration. The Tribunal has issued guidelines to assist employers in placing public entity executives within the relevant remuneration bands. In exceptional circumstances, if an employer is proposing to pay an executive above the maximum rate of the relevant remuneration band, advice from the Tribunal must be obtained and considered. Refer to the Tribunal website for further guidance.

Annual remuneration adjustments

The remuneration settings for public sector executives are subject to review each year. Find information about these adjustments as they apply to for public sector executives (as well as appointees to public sector boards and statutory office holders) on the website, Executive and senior office holders annual remuneration changes.

Executive motor vehicle scheme

Public entity executives may be able to access a motor vehicle as part of their remuneration package under the Executive Motor Vehicle Scheme.

Information on the Scheme can be found on the website, Executive Motor Vehicle Scheme.

Other relevant bodies

Victorian Independent Remuneration Tribunal

The VPSC supports the capability, professionalism and integrity of the public sector and its employees.

Victorian Public Sector Commission

The VPSC supports the capability, professionalism and integrity of the public sector and its employees.

Governance

Updated 22 December 2025

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