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Showing 61 - 70 of 200 results for "Wage growth"

Zero rates causing risky business: Pengana

ANNABELLE DICKSON | WEDNESDAY, 24 MAR 2021

... thing for central banks to do in the wake of COVID-19, but it has unintended consequences," Fisher said. "There is no wage growth, no inflation but the cost of living has been skyrocketing. There is no money being paid on savings in the bank, which is ...

SG rise a bad idea: Chartered Accountants

ELIZABETH MCARTHUR | MONDAY, 15 FEB 2021

... global pandemic, the first Australian recession in 29 years, our highest unemployment in 20 years, record stagnancy in wage growth, and the world falling apart at the seams," CA ANZ superannuation leader Tony Negline said. "The thing about a game-changer ...

Chief economist update: RBA extends QE

BENJAMIN ONG | WEDNESDAY, 3 FEB 2021

... 2022." Lowe added that wages and price pressures have also remained subdued. Whilst he acknowledged both inflation and wage growth is expected to pick up, he expects it to be slow. The RBA board believes wage growth and inflation will remain below 2% ...

Chief economist update: Australian wages slow but still grow

BENJAMIN ONG | THURSDAY, 19 NOV 2020

... Statistics (ABS) shows wages are up slightly from last year. "The September quarter is generally a quarter of solid wage growth, however, the impacts of the COVID-19 pandemic contributed to a subdued rate of wage growth in September quarter 2020," ABS ...

Wages will not rise from SG cut: ISA

ELIZA BAVIN | FRIDAY, 30 OCT 2020

... it was cut in 2014. In 2014, the coalition dumped the scheduled increase to the SG in the hopes it would help boost wage growth. ISA said it analysed 8370 enterprise bargaining agreements certified before and after the 2014 freeze and found that no boost ...

Effects of ERS not so bad: Grattan

ELIZA BAVIN | THURSDAY, 8 OCT 2020

... think we are going to see a boom in consumer activity," Woods said. "The budget is forecasting basically zero real wage growth over the next four years. So, there is not a huge amount to get consumers spending. My concern is that we are putting that ...

No evidence lower SG will result in higher wages: ACTU summit

ELIZA BAVIN | MONDAY, 28 SEP 2020

... have got," Dawson said. "At the same time, real wages have declined by around $1000 a year. So, there has been no wage growth and in fact, real wages have gone backwards." Dawson said workers have not only missed out on wage growth but have also lost ...

Need to recalibrate the fiscal strategy: Frydenberg

ELIZA BAVIN | FRIDAY, 25 SEP 2020

... smaller than forecast in the 2019-20 MYEFO. As a result, Frydenberg said, a smaller economy, with lower price and wage growth, will generate less income for the government over the medium-term. In a hint of what to expect when the budget is revealed ...

Super remains grossly inequitable: Per Capita

ELIZA BAVIN | WEDNESDAY, 2 SEP 2020

... rate of superannuation will result in bigger pay packets in future." Per Capita said it analysed the rate of real wage growth in the five years since the implementation of the SG freeze and quantified the amount of superannuation workers have lost as ...

Labor says yes, economists say no to SG rise

ELIZA BAVIN | TUESDAY, 1 SEP 2020

... to due to begin in 2015 but postponed to start in July 2021, are much bigger - 0.5% of salary each - at a time when wage growth is much smaller." Those who thought they should be deferred argued that now is "not a time to encourage saving" and that in ...

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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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