Former NSW Trade Minister Stuart Ayres’ swift fall from grace has been compounded by a $300,000 income drop for him and his partner.
Mr Ayres resigned on Wednesday in the wake of the John Barilaro ‘dream job’ saga.
A draft review into the Barilaro job scandal – where a senior public servant was promised a $500k job in New York, which was then given to Mr Barilaro – found Mr Ayres may have breached the ministerial code of conduct over the matter.
Mr Ayres and Liberal senator Marise Payne were for many years known as the leading NSW political power couple, with a combined salary of almost $700,000 to match.
Political power couple Stuart Ayres (left) and his partner Marise Payne are pictured in 2016
But when the Liberal-National Coalition lost power in May, Ms Payne lost her job as Foreign Minister and her income fell overnight from $364,410 to $217,060.
If that sharp fall caused the tightening of belts in the Payne-Ayres household, it was nothing compared to this week, when Mr Ayres moved from $333,072 to $172,576.
The household’s income has now fallen from $697,482 to $389,636 in just three months.
That overall yearly loss of $307,846 per year works out to a combined drop of $5,920 per week for Ms Payne, 58, and Mr Ayres, 41, who have been together since 2007.
But they are still on a combined $7,500 a week before tax.
By comparison, the average Australian disposable household income for the last financial year was $1,124 per week.
The Payne-Ayres household’s disposable income could take another serious hit seven months from now, though.
While Ms Payne is showing no sign of wanting to leave parliament – despite Peter Dutton excluding her from his shadow cabinet – Mr Ayres faces a stiff electoral test in the NSW state election in March.
Marise Payne (left) who was then the Australian Foreign Minister, is pictured with her partner, the then NSW Minister for Jobs Stuart Ayres at Royal Randwick Racecourse in Sydney, on April 6, 2019
He holds his seat of Penrith by a 1.3 per cent margin, making it very vulnerable to Labor if it can capitalise on a horror few months for the Liberal-National Coalition.
Mr Ayres was the second NSW ministerial casualty in just four days.
On Sunday Premier Dominic Perrottet sacked NSW Fair Trading Minister Eleni Petinos over bullying allegations in her office.
Ms Petinos was accused of calling a staff member ‘ret**ded’ and ‘stupid’, which she strenuously denies.
In July, the NSW Independent Commission Against Corruption also found former minister John Sidoti engaged in ‘serious corrupt conduct’ over family-owned properties.
Stuart Ayres (right) shares a moment with his partner, Liberal senator Marise Payne at Government House, Sydney, on December 9, 2013. The political power couple’s combined income has taken a $300,000 hit in recent months, with the Coalition losing power federally and Mr Ayres resigning his NSW ministerial role
And Kiama MP Gareth Ward resigned from the ministry and moved to the crossbench due to a police investigation into him.
In March, Ward was charged over allegations of sexual abuse against a man and a 17-year-old boy.
Mr Perrottet hinted that Mr Ayres had little choice but to resign, saying ‘Very simply, I based my decision making on the information that I received’.
Mr Ayres said the interim report raised ‘a question as to whether I breached the ministerial code of conduct.
‘In my view, no such breach has occurred. However, I agree it is important that this matter is investigated appropriately and support the Premier’s decision to do so.’
NSW Coalition in chaos: A timeline
August 3: Deputy Liberal leader Stuart Ayres suddenly quits in the wake of $500k John Barilaro ‘dream job’ saga
July 31: Fair Trading Minister Eleni Petinos sacked over allegations of bullying, including that she called a staff member ‘ret**ded’ and ‘stupid’, which she strenuously denies
July 20: NSW Independent Commission Against Corruption finds former minister John Sidoti engaged in ‘serious corrupt conduct’ over family-owned properties
June 30: Former deputy premier John Barilaro pulls out of his cushy $500K taxpayer funded job in New York that he was handed ahead of a deserving candidate – after massive backlash
March 22: Former minister Gareth Ward charged over allegations of sexual abuse against a man and a 17-year-old boy