Monthly allowances for MPs will increase to $18,500 from the current $13,750. This change is part of a review of their compensation.

The Government is also examining the current system of determining MPs' allowances, which is tied to ministerial salaries. A study will be conducted to consider delinking MPs' allowances from this benchmark.

Further details on the review and study are available from the source, which may provide additional information on the rationale and potential outcomes of these changes.