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Showing 171 - 180 of 868 results for "Wages"

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN | WEDNESDAY, 22 JUN 2022

... Bank of Australia's June board meeting revealed a risk of persistently high inflation as employees demanded a rise in wages to combat living costs. The minutes stipulated that should expectations of higher inflation become entrenched, the task of ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI | WEDNESDAY, 15 JUN 2022

... $812.60 per week or $21.38 per hour. The commission panel observed that the level of increase would protect the real value of wages of the lowest-paid workers. "The Panel decided to provide a proportionately higher increase to low-paid employees noting ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN | TUESDAY, 7 JUN 2022

... inflation will continue to outpace wage growth, but only in the short term. "In the short term, prices will continue to outpace wages, although we can expect that to flip as supply constraints ease and wages play catchup," he said. Likewise, Lowe held ...

BT answers advisers' top tax time questions

ANDREW MCKEAN | WEDNESDAY, 1 JUN 2022

... year. Furthermore, BT issued a reminder that the $450 minimum threshold is disappearing. Regardless of an employee's wages in a calendar month, going forward employers must pay the super guarantee. "The removal of the minimum threshold largely impacts ...

Liberals should liberate Australians from super: Bragg

ANDREW MCKEAN | THURSDAY, 26 MAY 2022

... the liberals 2022 election policy. Bragg called for a permanent system which allows Australians to take superannuation as wages during certain periods. He also again promoted giving all Australians access to the Future Fund as a default option as well ...

Pandemic created a new billionaire every 30 hours: Oxfam

CHLOE WALKER | WEDNESDAY, 25 MAY 2022

... revealed that global corporations in the energy, food and pharmaceutical sectors are posting record-high profits, even as wages have barely budged, and workers struggle with decades-high prices amid COVID-19. The fortunes of food and energy billionaires ...

Dump annual super contributions cap: CA ANZ

JAMIE WILLIAMSON | THURSDAY, 19 MAY 2022

... significant financial disadvantage to their male counterparts," CA ANZ superannuation leader Tony Negline said. "With lower wages comes lower super contributions - resulting in a less secure financial future." He added that the greater number of career ...

Reserve Bank lifts cash rate target

JAMIE WILLIAMSON | TUESDAY, 3 MAY 2022

... inflation has picked up more quickly, and to a higher level, than was expected," Lowe said. "There is also evidence that wages growth is picking up. Given this, and the very low level of interest rates, it is appropriate to start the process of normalising ...

Low wage growth a deliberate design feature: ACTU

ANDREW MCKEAN | TUESDAY, 3 MAY 2022

... has blasted the Coalition government for the consistent entrenchment of low wage growth. The Morrison missing in action on wages report shows that over the entire term of the Morrison government, real wages have fallen by 2.3%. This is the first time ...

RBA weighs controversial pre-election rate rise

ANDREW MCKEAN | MONDAY, 2 MAY 2022

... rates steady, the RBA could effectively acknowledge the pick-up in inflation and repeat that the board wants to see the wages figures to be absolutely convinced that inflation will now be 'sustainably' on target. Bloxham said: "Our view is 60/40 in favour ...

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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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