Australia Post reveals luxury Cartier watches for senior managers actually cost $20K

A federal government investigation into the scandal may cost more than the lavish gifts purchased in November 2018

Four Cartier watches given to Australia Post senior managers were worth nearly $20,000 in total, $8,000 more than the organisation's chief executive told a parliamentary hearing this week.

Christine Holgate told Senate estimates on Thursday the watches, purchased in 2018 as a reward for the executives, were worth about $3,000 each.