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Showing 1 - 10 of 220 results for %22Fair Work Commission%22

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... five years. Aged care workers will also receive a wages boost. The government has committed to funding the Fair Work Commission decision to increase award wages for aged care workers. This is on top of $11.3 billion already allocated for the interim ...

Budget 2024: Chalmers looks to reset aged care, NDIS

JAMIE WILLIAMSON  |  TUESDAY, 14 MAY 2024
... aged care, and has committed to increase the award wage for direct and indirect aged care workers when the Fair Work Commission's decision is made. It will also deliver $110.9 million over four years to support an increase in the Aged Care Quality and ...

'Just do what you say you'll do': ASIC's message to trustees

JAMIE WILLIAMSON  |  FRIDAY, 10 MAY 2024
... accountability for your members who are consumers. Do what you say you'll do and be transparent and accountable in meeting those fair expectations," she said. "If you don't, we're shining a light on that, and we'll be holding you to a ...

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... increase in the minimum and award wages as part of its submission to the Annual Wage Review. Each year, the Fair Work Commission hears from unions, employers, and governments before setting minimum and award wages for about 2.9 million, or one in four ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... statements in line with the terms. A whopping 93 reports were passed on to the Australian Securities and Investment Commission, 47 were referred to the Australian Prudential Regulation Authority and eight were referred to other agencies such as the Australian ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... life insurers to enter advice. "Banks [in particular], may feel that they've been burned on advice and may require a fair bit of certainty to entice them back into the advice space and we may see that take a little longer," she told a recent PritchittBland ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... their businesses slashed by controversial changes to AMP's Buyer of Last Resort provisions following the Royal Commission. Justice Moshinsky found evidence of losses incurred by the lead applicant, Equity Financial Planners, and sample group member ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... the start of the policy, how can the insurance company increase the rate? The answer is that they can. It doesn't seem fair." Most recently, Zurich's OnePath raised premiums for its income protection insurance for the Plus (Series2) policy by ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... being like 65% of the workforce. So, about 35% is on individual agreements, which is why the decisions by the Fair Work Commission are so important in terms of the signalling impact they have on the rest of the market," she said. Despite the record high ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... and that it has since strengthened processes to identify and combine multiple accounts. "AustralianSuper will continue to work with ASIC to bring these proceedings to a resolution," it said.
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