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Showing 41 - 50 of 783 results for "wages"

Superannuation market defies capital market chaos

ANDREW MCKEAN  |  MONDAY, 24 APR 2023
... member contributions. Rainmaker Information highlights that in 2021-22, Australians paid an average of 17.4% of their total wages and salaries into superannuation, 70% more than the 10% compulsory Superannuation Guarantee (SG) contribution rate. Australians' ...

RBA appointments prompt debate

CASSANDRA BALDINI  |  FRIDAY, 21 APR 2023
... said. "The board needs members such as Ross who understand real-world wage-setting systems and the relationship between wages, unemployment and inflation." The Finance Sector Union (FSU) also welcomed the appointments. "In particular, we note the review ...

Modern slavery on the rise a decade on from Rana Plaza

RACHEL ALEMBAKIS  |  FRIDAY, 21 APR 2023
... export industries, but there are still issues in other industries. Turner further pointed to the "significant gap" between wages for many workers in the apparel sector in Bangladesh and the living wage - the amount of money people need to survive. "The ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... has previously urged politicians to end the "unpaid super scourge" by mandating that superannuation payments align with wages. "Aligning super payments with wages will make it easier to keep track of payments and stop dodgy bosses gaining an unfair commercial ...

Employment figures no cause for rate hike: Experts

JAMIE WILLIAMSON  |  FRIDAY, 14 APR 2023
... expecting the labour market to slow quicker than the official data has been indicating. This does increase the risk that wages growth rises more than expected and remains at a high level which would add to inflation and risk further RBA rate hikes," ...

Long pause likely from RBA: Economist

CASSANDRA BALDINI  |  THURSDAY, 13 APR 2023
... fact that it's not tightening up further means it's unlikely to put lots and lots of further upward pressure on wages growth," he said. "This is fundamental to the RBA view that as long as wage growth remains consistent with their target, they ...

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

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
... evenly in the decades since," the report reads. According to the report, this "inequality on steroids" is due to stagnating wages, insecure work, soaring profits and an unfair tax system. "From the 1950s to the 1980s, Australia was considered the land ...

Grattan finds $14bn savings in super tax break overhaul

KARREN VERGARA  |  MONDAY, 3 APR 2023
... tax on the earnings from their super - the same as those working today - and much less than younger workers pay on their wages.

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... staggering $10.8 billion over the last seven years. ISA director Georgia Brumby commented: "Aligning payment of super and wages is the right thing to do by workers, boosts government revenue, lifts investment returns and puts all employers on a level ...

Menopause: The silent economic crisis

JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2023
... 7.4 years of income and superannuation which, based on average earnings of $70,626.40 a year, amounts to lost salary and wages of more than $522,635 and foregone superannuation of more than $54,880," AIST's modelling shows. The collective loss of ...