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Showing 11 - 20 of 1653 results for "Workers"

ASIC to receive $10m in FY27 to improve MIS supervision

MATTHEW WAI  |  TUESDAY, 12 MAY 2026
... payday super laws from 1 July will mean that for the first time, the ATO will soon have real-time visibility on which workers have been unpaid or underpaid super every single pay cycle. The government must set the ATO bold targets to swiftly recover ...

Government pushes for investment risk taking

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... instant tax deduction of up to $1000 which will simplify work-related expense deductions. This will deliver 6.2 million workers an average tax benefit of $205 for 2026/27. "This will help workers cut back on paperwork and save them time and money at ...

Minimum 30% tax for discretionary trusts

KARREN VERGARA  |  TUESDAY, 12 MAY 2026
... tax is paid on income from discretionary trusts, more closely aligning the tax rates for trusts with the rates paid by workers who earn a living from wages," he explained. Fixed trusts, including fixed testamentary trusts, will not be subject to the ...

Senate report backs removal 30-hour work threshold for SG

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... on every dollar earned, including removing the existing 30 hour per week threshold that currently applies to under 18 workers. Under current rules, employees under 18 are only entitled to compulsory Superannuation Guarantee contributions if they work ...

Super funds welcome UK's Supers Unit to push investments

RIDDHIMA TALWANI  |  TUESDAY, 12 MAY 2026
... UK is a natural partner for Australian funds and it will continue to work closely with the UK Government so Australian workers' retirement savings can help get quality projects off the ground. "It's a familiar market with a deep pipeline in the energy ...

OECD recommends NZ overhaul pension system

JAMIE WILLIAMSON  |  FRIDAY, 8 MAY 2026
... include redistribution and protection for vulnerable groups to avoid inequitable outcomes, while enhanced support for older workers in physically demanding roles should also be offered, including stronger health and employment programmes, and transitional ...

Magellan confirms job losses

ELIZA BAVIN  |  THURSDAY, 7 MAY 2026
... April 30. After the announcement there was talk on LinkedIn that job cuts would impact fund managers and administration workers throughout Magellan. A Magellan spokesperson would not confirm to Financial Standard the exact number of employees affected ...

Income support system cannot handle claims surge: CALI

VINNY VUCAGO  |  WEDNESDAY, 6 MAY 2026
... benefits across a fragmented system. The report identifies 11 separate income support streams, including employer sick leave, workers compensation, social security, life insurance, and early access to superannuation. This complexity, combined with a ...

QIC faces heat over aviation firefighting asset privatisation

RIDDHIMA TALWANI  |  TUESDAY, 5 MAY 2026
... member money invested in funds run by QIC. UFUAV secretary Wes Garrett said the issue raised major questions for unions and workers whose retirement savings may be invested through funds connected to QIC. "QIC's involvement in Airservices' attempts ...

Unpaid super costs workers $24.4bn: SMC

VINNY VUCAGO  |  MONDAY, 4 MAY 2026
... reinforcing the need for Payday Super, the lobby group says. New analysis from Super Members Council (SMC) found one in four workers were underpaid super between 2018 and 2023, equating to almost $6 billion a year being lost in retirement savings. State-by-state ...