Jul 8, 2026 – 7.06pmEducation Minister Jason Clare has labelled a $1.1 million golden handshake to the outgoing vice chancellor of the defunct University of South Australia as gobsmacking, demanding the institution’s former council explain the huge payout.David Lloyd’s total pay packet was $3.112 million in 2025, according to the university’s financial statements, made up of a $1.015 million base salary, a “merger-related termination benefit” of $1.128 million, superannuation, performance benefits, and long-service leave payouts.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
‘Gobsmacking’: Clare demands answers over $1.1m uni golden handshake
The outgoing chancellor of the University of South Australia took home more than $3.1 million last year, including a termination benefit of more than $1 million.
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