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Showing 11 - 20 of 59 results for "minimum wage"

KPMG recommends gender-focused super reforms

ANDREW MCKEAN | MONDAY, 17 JUL 2023

... Supplemental, combining for a total of $29,624 per annum. This contrasts with the $42,255 annual income received by a minimum wage worker. The cost differential becomes even more pronounced when considering government-funded formal care facilities such ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI | WEDNESDAY, 5 JUL 2023

... next month and in September so two more hikes in this current cycle." AMP had forecasted a July raise due to the minimum wage increase and inflation data still being higher than RBA targets. As to whether last month's minimum wage increase should ...

Risk of recession growing: Podcast

CASSANDRA BALDINI | THURSDAY, 1 JUN 2023

... hikes. But of course, the Reserve Bank continues to surprise on the upside." He explained a big factor will be the minimum wage case and said if the federal government increases 6% or 7%, as requested by the Australian Council of Trade Unions (ACTU) ...

Reserve Bank is done at 3.85%: CBA

CASSANDRA BALDINI | WEDNESDAY, 17 MAY 2023

... policy tightening by the RBA, he commented. That said, the upcoming Fair Work Commission decision on the national minimum wage will be critical for the outlook for wages growth along with inflation and the monetary policy outlook in the second half of ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS | FRIDAY, 21 APR 2023

... piece of the puzzle, but there is a much bigger issue to solve for." Carlsson also highlighted the gap between the minimum wage and living wage, pointing out that the current minimum wage in Bangladesh is BDT 8000 monthly, while some argue that a living ...

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

CHLOE WALKER | WEDNESDAY, 12 APR 2023

... said the Stage 3 tax cuts, "which will see people earning over $180,000 receiving the lion's share of benefits while minimum wage workers get nothing", will only make the inequality problem worse. "Soaring energy prices have seen gas and electricity ...

Stop penalising women: HESTA

CASSANDRA BALDINI | WEDNESDAY, 1 FEB 2023

... increases in super guarantee and changes to the income tax brackets. "A worker must earn less than the full-time minimum wage to be eligible for this tax concession, making the LISTO an equity measure that does not adequately compensate most of our lowest ...

Plans afoot to narrow gender pay gap

JAMIE WILLIAMSON | WEDNESDAY, 26 OCT 2022

The government has announced a suite of measures aimed at narrowing the gender pay gap, including requiring the Fair Work Commission to consider gender equity when formulating minimum wages. According to Budget documents, this year marks the first that ...

Rate rises more likely after unemployment plunge

ANDREW MCKEAN | FRIDAY, 15 JUL 2022

... share market would likely continue to outperform the US. UBS commented that low unemployment paired with a spike in minimum wage argues for rapid RBA hikes. UBS said: "The drop in the unemployment rate (and underutilisation rate over recent months) - ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN | WEDNESDAY, 22 JUN 2022

... As previously reported by the Financial Standard, The Fair Work Commission recently announced it would raise the minimum wage to 5.2% come July. A corresponding Fair Work Commission statement said: "The Panel decided to provide a proportionately higher ...

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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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