VIC.GOV.AU | Policy and Advisory Library

School operations

Student Resource Package – Managing the Budget

Principal classification budget

Budget for principal classification

The principal classification budget is set annually with the confirmed school resource allocation. It sets the remuneration range for each principal position. The Principal Classification Budget is calculated by adjusting the Student Resource Package to exclude Workcover Premium, Superannuation charge, School-specific cluster-type arrangements and Strategic Initiatives Funding.

Minimum principal classification budget
Salary range2022202320242025
2

$0

$0

$0

$0

3

$1,584,175

$1,615,859

$1,648,176

$1,681,139

4

$3,696,412

$3,770,340

$3,845,747

$3,922,662

5

$9,200,402

$9,384,410

$9,572,098

$9,763,540

6

$14,630,616

$14,923,228

$15,221,693

$15,526,127

*No further change past 2025 until a new Victorian Government School Agreement has been finalised.

Guidance chapter on the annual Principal Classification Budget setting remuneration range for principal positions

Reviewed 31 December 2025

Was this page helpful?