More money and time off aren't the only perks of being a boss, according to a new study, published in the Medical Journal of Australia.

Bosses also appear to be less likely to get cancer, it is reported by Australian news agency AAP.

The study, which looked at 4,200 "older" Austrailian workers, found that managers and administrators were significantly less likely to suffer neoplasms or cancerous tumors, than other workers.

"Possible reasons for this include managers being less exposed to cancer risk factors or being able to afford to stop working when their health deteriorates," lead researcher Dr. Deborah Schofield, from the Northern Rivers University Department of Rural Health, told AAP.

Bosses also had a moderately lower risk of developing mental health problems and musculoskeletal conditions, the study found.

Looking at workers from across all industries, researchers found that rates of disease were highest among women, older workers and people who were married.

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