As we have highlighted in this article for a permanent full-time public health service position you can be expecting to earn around $350,000AUD to $450,000AUD per annum.
Psychiatrists also do relatively well in the private sector and you can potentially earn far more than in the public sector and up to $800,000AUD.
As we have highlighted in this related blog post, psychiatrists are 5th on the list of top ten professions by earnings according to the Australian Tax Office.