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Showing 131 - 140 of 868 results for "wages"

Long pause likely from RBA: Economist

CASSANDRA BALDINI | THURSDAY, 13 APR 2023

... fact that it's not tightening up further means it's unlikely to put lots and lots of further upward pressure on wages growth," he said. "This is fundamental to the RBA view that as long as wage growth remains consistent with their target, they ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER | WEDNESDAY, 12 APR 2023

... evenly in the decades since," the report reads. According to the report, this "inequality on steroids" is due to stagnating wages, insecure work, soaring profits and an unfair tax system. "From the 1950s to the 1980s, Australia was considered the land ...

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA | MONDAY, 3 APR 2023

... tax on the earnings from their super - the same as those working today - and much less than younger workers pay on their wages.

New laws to end unpaid super

ANDREW MCKEAN | WEDNESDAY, 29 MAR 2023

... staggering $10.8 billion over the last seven years. ISA director Georgia Brumby commented: "Aligning payment of super and wages is the right thing to do by workers, boosts government revenue, lifts investment returns and puts all employers on a level ...

Menopause: The silent economic crisis

JAMIE WILLIAMSON | TUESDAY, 21 MAR 2023

... 7.4 years of income and superannuation which, based on average earnings of $70,626.40 a year, amounts to lost salary and wages of more than $522,635 and foregone superannuation of more than $54,880," AIST's modelling shows. The collective loss of ...

Could a four-day workweek save the day?

CHLOE WALKER | TUESDAY, 21 MAR 2023

... Australia, New Zealand," he says. The six-month trials see participating companies agree to a four-day week with no reduction in wages. Already, Quiggin says, most companies have agreed to a permanent change. "Employers have noticed improved staff retention ...

Inflation erodes retiree savings by 7.5%

KARREN VERGARA | TUESDAY, 21 MAR 2023

... historical average of 0.6% per quarter since the early 1990s, ASFA chief executive Martin Fahy said. For retirees, falling real wages have meant that the Age Pension payments have not benefitted from adjustments linked to wage increases. "These ongoing ...

US interest rates may go higher than expected: Powell

CASSANDRA BALDINI | THURSDAY, 9 MAR 2023

... question yesterday, Powell said "some part" of inflation issue is "very likely" related to the extremely tight labour market. "Wages affect prices and prices affect wages. So, I do think that's part of it," he said. Tuesday's committee meeting ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN | WEDNESDAY, 1 MAR 2023

... offset (LISTO) ceiling to $45,000 a year to ensure low-income workers are not paying more tax on their super than on their wages." Similarly, FSC chief executive Blake Briggs said: "The FSC urges the government to commit to using the revenue raised from ...

Minutes show RBA considered 50bp rise

JAMIE WILLIAMSON | TUESDAY, 21 FEB 2023

... stronger. In the February 7 meeting minutes released this morning, the RBA explained that it a pattern of income prices and wages data exceeding expectations, as well as a risk that high inflation would persist, were all arguments for a 50 basis point ...

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Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

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