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.

South Australian largesse pushes average Australian vice-chancellor earnings higher than ever

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.

David Lloyd, the last vice chancellor of the now defunct University of South Australia, received a $1.1 million golden handshake on top of his $1.015 million base salary last year.