TL;DR: Our politicians are among the highest paid in the world. Base salaries of various types of MP are quoted (~$195K for a backbencher, $368K for a cabinet minister, ~$539K for the PM). The article finishes with:
In 2012 politicians’ salaries were increased by 31.3%. This pay rise was justified on the grounds that it would bring more talent and diversity into the Australian Parliament. I’ll let others decide how much talent has been brought in but here are some stats on diversity: The median age in Australia is 37, in parliament it is 51. Half of Australian’s population are women; they make up less than 30% of parliament. 3% of Australians are indigenous; less than 1% of MPs are. 1 in 500 Australians are lawyers, 1 in 4 parliamentarians are. 13% of Australians live below the poverty line; no member of parliament does, or ever will.