A new framework for La Trobe?

Comments on Stephen Matchett "

If La Trobe was a car …", 21/06/2012, http://blogs.theaustralian.news.com.au/thecommonroom/index.php/theaustralian/comments/if_la_trobe_was_a_car/

I think Australian universities and La Trobe included should establish a model that values both research and teaching quality and reward excellence in both fields. The model clearly needs a set of clear criteria and explicit assessment framework.
It seems that the pay conditions and reward system needs some innovation and creative thinking is required. Maybe a pay system  should be established that has a minimum pay for each level and them a large part of loading and reward payment that is linked to teaching and research loading and outcomes.
Such a system would provide both stability for academia and reward for excellence.
Should a person perform poorly for a period of 3-5 years or more, then that person should consider whether academia is a suitable profession or not.