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Showing 21 - 30 of 47 results for "Enterprise Agreement"

Chief economist update: Inflation is dead

BENJAMIN ONG  |  MONDAY, 29 APR 2019
Those were the days my friends, we thought would never end... but they ended. The days when measured inflation would go from minus 3% to plus 14%, give or take, back in the grim old days from the 1950s to the late 1980s are no more. Back then the monetarists ...

CBA owes staff $15 million

ELIZABETH MCARTHUR  |  THURSDAY, 18 APR 2019
Commonwealth Bank Australia (CBA) notified the Finance Sector Union (FSU) it will have to reimburse staff after a series of errors resulted in workers being underpaid. Thousands of current and former employees of CBA and BankWest have been underpaid ...

Industry fund sees boost in additional contributions

JAMIE WILLIAMSON  |  SUNDAY, 3 FEB 2019
... contribution increasing from 9.5% to 11% over three years was introduced through Swan Hill Rural City Council's Enterprise Agreement last year." The initiative is another measure by which the council can ensure its employees will retire with sufficient ...

Chief economist update: Faster wages growth a one-off?

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... quarter wages growth was mainly influenced by increases to the national minimum wage, regularly scheduled enterprise agreement increases, modern awards and salary reviews timed to coincide with the financial year. Of note, the 2017-18 Fair Work Commission ...

Industry stakeholders welcome PC report

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAY 2018
The Financial Services Council welcomes key recommendations made in the Productivity Commission's assessment of superannuation efficiency and competitiveness. It agrees consumer outcomes could be significantly improved. A central finding of the PC report ...

Chief economist update: Wagering on wages

BENJAMIN ONG  |  WEDNESDAY, 21 FEB 2018
Australians, all, will find out if overall wages in the domestic economy has run faster, slower or continue to mark time when the Australian Bureau of Statistics (ABS) releases its Wage Price Index report for the December 2017 quarter today. Consensus ...

An industry fund vision for retirement comfort

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2018
... and part as an additional contribution to super which accumulates over the typical three-year life of an enterprise agreement. Staff are automatically included in the program but can opt out. Mount Alexander Shire Council was the first to have an enterprise ...

Members better off with equal representation: AIST

KARREN VERGARA  |  TUESDAY, 10 OCT 2017
... their choice, including an SMSF, when starting new employment, and not be forced into a fund because of an enterprise agreement or industry award," he said. In response to the Treasury Laws Amendment (Improving Accountability and Members Outcomes in ...

Banks must overhaul product-based incentives

KARREN VERGARA  |  WEDNESDAY, 19 APR 2017
... customer service and support staff; they instead will receive a standard pay rise of 3% per year under an enterprise agreement. With respect to third parties such as mortgage brokers and aggregators, NAB said it does not pay volume-based incentives on ...

First Super halts private equity investments

ALEX BURKE  |  MONDAY, 10 APR 2017
First Super will make no new investments in its private equity program as its existing $100 million private equity portfolio is under review. This is being done, the fund said, due to concerns about poor labour practices exhibited by companies in which ...