Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 111 - 120 of 868 results for "Wages"

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... Australian adults think they will be worse off than their parents. "The recent burst of inflation, plus the focus on stifling wages growth that reduces their purchasing and savings power could mean that their prospects are even more difficult," Salis ...

Super planning remains top adviser focus this EOFY: Podcast

CASSANDRA BALDINI  |  THURSDAY, 15 JUN 2023
... employees. The government proposed that as of July 2026, SG is going to need to be paid at the same time as individual salary and wages. That's not law yet but it's something to keep in mind." The final consideration for advisers is ensuring ...

Suncorp wage scandal comes to a head

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... its wage debacle, Suncorp has managed to settle over 99% of the debt owed. This includes a $26 million reimbursement in wages and entitlements, $4.5 million in interest, and an additional $1.4 million in superannuation. Individual compensation ranged ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... up to today's announcement, inflation stubbornly sat at 6.8% in May, up from 6.3% in the previous month. Meanwhile, award wages are set to increase by 5.75% on July 1. The Housing Industry Association fears that the move will slow down home building ...

Economists divided over cash rate decision

ANDREW MCKEAN  |  MONDAY, 5 JUN 2023
Accelerating wages growth and higher than expected inflation would perhaps indicate an increase is justified, however, the economic hardships faced by Australians is intensifying. According to an economic misery index by the University of Melbourne ...

Wage increases to offset more rate hikes: Experts

CASSANDRA BALDINI  |  FRIDAY, 2 JUN 2023
The Fair Work Commission lifted Australia's minimum and award wages by 5.75% to alleviate incomes eroded by inflation, but experts say the Reserve Bank of Australia (RBA) won't be backing off anytime soon. Speaking this morning, Fair Work Commission ...

Risk of recession growing: Podcast

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... of Trade Unions (ACTU), it could trigger more hikes. "The RBA would then worry, if the minimum wage has gone up and award wages have gone up by something similar, that will have an influencing effect on other wages in the economy," he said. "All at a ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI  |  WEDNESDAY, 17 MAY 2023
... That said, the upcoming Fair Work Commission decision on the national minimum wage will be critical for the outlook for wages growth along with inflation and the monetary policy outlook in the second half of this year, he added. The onerous data isn't ...

What you need to know about the 2023-24 budget

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... unemployment levels. "In this environment, inflation remains our primary economic challenge. It drives rate rises; it erodes real wages. Which is why this Budget is carefully calibrated to alleviate inflationary pressures, not add to them," he said. ...

Federal budget 2023: Winners and losers

TOM WATSON  |  TUESDAY, 9 MAY 2023
... superannuation installments from their employers on a quarterly basis will instead receive them in line with their salary or wages from 1 July 2026 - a reform that is predicted to increase balances by thousands come retirement. Single parents and carers ...