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Showing 21 - 30 of 59 results for "minimum wage"

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI | WEDNESDAY, 15 JUN 2022

The Fair Work Commission has today announced a 5.2% increase to the minimum wage which will come into effect from July. The Fair Work Commission has announced that the new minimum wage will be $812.60 per week or $21.38 per hour. The commission panel ...

Inflation to retreat in 2022: Fund manager

KARREN VERGARA | FRIDAY, 21 JAN 2022

... or available to buy due to the short supply of semiconductors. There have also been very large increases in the US minimum wage which are more one-off than permanent," he said.

Pensioners could solve skills shortage

KARREN VERGARA | WEDNESDAY, 8 DEC 2021

... payments are reduced, at an effective marginal tax rate of at least 50%. This equates to only one day a week at the minimum wage before their pension is reduced. The government's latest Skills Priority List shows that accountants, auditors, civil ...

ASX 100 missing key reporting metric: ACCR

ELIZABETH MCARTHUR | FRIDAY, 27 AUG 2021

A new report from the Australian Centre for Corporate Responsibility has raised serious governance concerns with ASX 100 companies in relation to contractors. ACCR found that Australian listed companies remain opaque about their labour hire, contracting ...

Employers should pay SG rise: ASFA

ANNABELLE DICKSON | FRIDAY, 18 JUN 2021

... imbalances that continue to occur between fat profits and flat wages." The Fair Work Commission recently increased the minimum wage across all awards which was due to the economic recovery from COVID-19 and high business profits. "The Fair Work Commission ...

Chief economist update: The devil's in the headline US payrolls number details

BENJAMIN ONG | TUESDAY, 8 JUN 2021

... unemployment recipient receiving federal enhancement (which continues to September) earns above the $15/hr federal minimum wage". It's a no-brainer. Work for US$15/hour - with all the attendant costs of working - or just eat, drink and be merry and ...

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG | THURSDAY, 27 MAY 2021

... assumed to accelerate from 1.6% in the March 2021 quarter to 2.4% at the end of the year, reflecting the April 2021 minimum wage increase and a tightening labour market. Annual wage inflation peaks at 2.6% later in the projection..." Higher wages lift ...

Chief economist update: Bad news is good news is back

BENJAMIN ONG | MONDAY, 10 MAY 2021

... unemployment recipient receiving federal enhancement (which continues to September) earns above the $15/hr federal minimum wage". Voice of America says: "The federal government is continuing to make $300-a-week extra payments to the jobless into early ...

Super leaves gig economy behind

ELIZABETH MCARTHUR | WEDNESDAY, 16 DEC 2020

... also found that even when they do make contributions, they are minimal when compared to the super guarantee that minimum wage workers enjoy. The average personal contribution by a gig economy worker was found to be between $500-$900 per annum, while ...

Government introduces pandemic payment

ANNABELLE DICKSON | TUESDAY, 4 AUG 2020

... Australian Council of Trade Unions (ACTU) secretary Sally McManus said the payment is a step forward but it is the minimum wage whereas the average wage is double this amount. "Any money for workers who are saving lives and saving jobs by staying home ...

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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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