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

Search Results

Showing 121 - 130 of 868 results for "wages"

Labor cracks down on unpaid super

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... clamping down on unpaid super, requiring employers to align the payment frequency of the Superannuation Guarantee (SG) with wages. Federal budget documents revealed that the government will proceed with its earlier decision to align the payment of super ...

Budget delivers surplus, with a catch

ANDREW MCKEAN  |  TUESDAY, 9 MAY 2023
... it is well placed to navigate them," budget documents said. "The unemployment rate is holding near 50-year lows of 3.5%, wages growth has picked up, and national income is being supported by elevated commodity prices, which are flowing through to higher ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
From 1 July 2026 employers will be required to pay their employees' super at the same time as their salary and wages. By transitioning to payday super, the government aims to tackle the average annual $4.7 billion of unpaid super. Unpaid super has ...

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
... Fry principal and the paper's co-author Hugh Miller said that the big disconnect between robust economic growth and tepid wages growth in Australia's two-speed economy is what has exacerbated the inequality gap. "This gap has a variety of impacts on ...

Venture capital rout rattles advice technology sector

KARREN VERGARA  |  MONDAY, 1 MAY 2023
... its employees. According to Glassdoor reviews, former Creativemass employees were allegedly not paid superannuation and wages for months, with one review claiming management was "pretending to change pay cycles from fortnightly to monthly and back to ...

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... member contributions. Rainmaker Information highlights that in 2021-22, Australians paid an average of 17.4% of their total wages and salaries into superannuation, 70% more than the 10% compulsory Superannuation Guarantee (SG) contribution rate. Australians' ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... said. "The board needs members such as Ross who understand real-world wage-setting systems and the relationship between wages, unemployment and inflation." The Finance Sector Union (FSU) also welcomed the appointments. "In particular, we note the review ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... export industries, but there are still issues in other industries. Turner further pointed to the "significant gap" between wages for many workers in the apparel sector in Bangladesh and the living wage - the amount of money people need to survive. "The ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... has previously urged politicians to end the "unpaid super scourge" by mandating that superannuation payments align with wages. "Aligning super payments with wages will make it easier to keep track of payments and stop dodgy bosses gaining an unfair commercial ...

Employment figures no cause for rate hike: Experts

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... expecting the labour market to slow quicker than the official data has been indicating. This does increase the risk that wages growth rises more than expected and remains at a high level which would add to inflation and risk further RBA rate hikes," ...