This idea presents a fair mechanism for determining a politician's salary.

At election time, a politician offers to supply their skills to perform the job of representing an electorate in parliament and the electorate accepts or rejects the offer by voting. However, the crucial difference between how a politician's renumeration is determined and how ours is, is that they set their own pay at will without having to bargain with their employers-- their employers being us, the voting public.

A solution to this discrepancy is to print on the election ballot-papers, right next to their name, the total amount that they offer to do the job for. Each politician sets their own individual bid. This binding bid is the TOTAL remuneration they receive- it includes their salary, super and any other monetary entitlements. In this way the politicians within an electorate are now competitively bidding against each other. This solution determines a politician’s salary according to a pricing mechanism common to almost all transactions of goods and services in our economy. This is the simplest, cheapest and easiest system to implement that provides a mechanism of negotiation between the politicians and the public.

Since as a society we support the principal of a minimum wage to maintain living standards the proposal is modified to embrace this by imposing a minimum allowed bid. It is set to the average Australian income to provide extra incentive for politicians to increase the financial well being of the public.

It should be pointed that by this system it is possible for politicians to be paid a lot more than current. This is expected to happen, because if the voters think they're worth it they should be paid more.
Its also likely that some are paid less. However, since their salary has been determined by a mechanism common to almost all other wages and salaries in society they have no grounds to complain.

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