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Showing 261 - 270 of 868 results for "Wages"

Increased SG equals increased fees: Research

ELIZA BAVIN  |  FRIDAY, 11 SEP 2020
... retirement incomes, it said. As such, the research concluded that increasing the compulsory super contributions rate to 12% of wages will do little to support retirement incomes while adding substantially to the economic cost of the superannuation system. ...

Official recession not that scary: Economists

ELIZA BAVIN  |  THURSDAY, 3 SEP 2020
... benefits (welfare payments) and 22% increase in gross mixed income (boosted by JobKeeper), while compensation of employees (wages) only saw a fall of 2.2% (also supported by JobKeeper)." The focus should now be on lifting confidence in the economy, according ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... income earners - is that any increase in the SG rate will reduce, or at least slow the rate of increase, of real take-home wages today, and that low and middle-income workers would be better off with the "money in their pockets," the paper said. "However ...

Labor says yes, economists say no to SG rise

ELIZA BAVIN  |  TUESDAY, 1 SEP 2020
... get away with it." Rudd said the current Liberal government is using the argument that the increase of the SG will depress wages growth; an argument that he vehemently disagreed with. "Pigs might fly. That is the biggest bullshit argument I have ever ...

Pandemic heightened need for SG increase: ASFA

ELIZA BAVIN  |  WEDNESDAY, 26 AUG 2020
... chief executive Martin Fahy said. "Superannuation contributions made by employers are an employee entitlement, just like wages. In the case of insolvencies or bankruptcies the government should step in and make sure that employees receive their due entitlements." ...

LNP halts push for SG rise

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... issue and acknowledged the government faces a hard task in explaining to Australians why they should sacrifice more of their wages for super. The statement comes after the Reserve Bank governor Philip Lowe told the House of Representatives Standing Committee ...

Chief economist update: COVID-19 cycle

BENJAMIN ONG  |  MONDAY, 17 AUG 2020
... personnel they employ would be affected. It then becomes a vicious circle where consumers, fearing loss of income and/or lower wages, save rather than spend. Less consumer spending leads to reduced business revenues and profits that, in turn, removes ...

SG increase will impact wage growth: Lowe

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
... on Economics Lowe said the SG increase will be offset by lower wage growth. "It will certainly have a negative effect on wages growth. If this increase goes ahead, I would expect wage growth to be even lower than it otherwise would be," Lowe said. "There ...

Chief economist update: The wages of COVID-19

BENJAMIN ONG  |  THURSDAY, 13 AUG 2020
"After a steady period of wage growth over the previous 12 months, wages recorded the lowest annual growth in the 22-year history of the WPI, ABS head of price statistics Andrew Tomadini said. "The June 2020 quarter was the first full period in which ...

SG amnesty deadline nears

ALLY SELBY  |  THURSDAY, 6 AUG 2020
... said the amnesty allows employers to set things right without the fear of ATO retribution. "Super is a form of deferred wages and every bit as important to be paid, and paid in full," she said. "The super guarantee amnesty allows employers a one-off ...

Editor's Choice

Invesco launches new equity fund

ELIZA BAVIN
Invesco said the new fund will give Australian investors access to a systematic global equity strategy with a 20-year track record.

FCA pursues Neil Woodford again

KARREN VERGARA
The Financial Conduct Authority (FCA) is going after failed fund manager Neil Woodford again, this time for allegedly providing unauthorised investment advice via W4.0, his Dubai-based investment platform.

Former APRA deputy chair launches retirement solutions startup

KARREN VERGARA
A former APRA deputy chair has launched CipherIQ, a new venture that provides retirement solutions via account-based pensions in partnership with superannuation funds, financial advisers and retirees.

Global X launches space tech ETF

MATTHEW WAI
Global X has now launched the space tech ETF (ASX: MOON).

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