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Showing 71 - 80 of 868 results for "Wages"

ECB drops interest rates to 3.25%

KARREN VERGARA | FRIDAY, 18 OCT 2024

... months, before declining to target in the course of next year." However, domestic inflation is expected to remain high, as wages continue to rise at an elevated pace. In the Eurozone, annual inflation fell to 1.7% in September, which is the lowest level ...

Labor delivers another budget surplus, but productivity stalls

ELIZA BAVIN | TUESDAY, 1 OCT 2024

... Commission deputy chair Alex Robson said. "Increasing productivity is still the surest path to sustainable increases in real wages and higher living standards." The report noted that while our overall productivity performance has reverted to pre-pandemic ...

Super for housing debate heats up

ANDREW MCKEAN | MONDAY, 23 SEP 2024

... superannuation could increase repayment capacity and put upward pressure on house prices, but argued that other factors, such as real wages growth, falling interest rates, and increased productivity also drive prices up. "It would be bizarre to argue ...

Payday Super penalties ramped up ahead of legislation

JAMIE WILLIAMSON | WEDNESDAY, 18 SEP 2024

Employers who fail to pay superannuation contributions within seven days of paying wages will face harsh penalties under the government's new Payday Super laws. Releasing its proposed framework today, the government outlined further details it plans ...

FSU steps up calls for reproductive leave policies

JAMIE WILLIAMSON | MONDAY, 16 SEP 2024

... 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 showed. More broadly, Maurice ...

ECB cuts rates for second time

KARREN VERGARA | FRIDAY, 13 SEP 2024

... the second half of next year," the ECB's Governing Council said. Domestic inflation, however, remains high as Europeans' wages are rising at an elevated pace. Labour cost pressures on the other hand are moderating, while profits are partially buffering ...

Wages grow 0.7% in June quarter

KARREN VERGARA | WEDNESDAY, 14 AUG 2024

... the latest Australian Bureau of Statistics (ABS) shows, down 0.9% from the prior quarter. Annually, the rate of growth for wages in the private sector was 4.1%, down from three consecutive quarters at 4.2%. Conversely, this was higher than the 3.9% growth ...

RBA needs to 'rip the band-aid off' and hike rates: VanEck

ELIZA BAVIN | FRIDAY, 19 JUL 2024

... unlikely that wage growth will fall by much when the second quarter wage growth numbers are published in August. "Aggregate wages growth, which haven't been supported by productivity gains, will remain above the RBA's published target rate of 3.5%, and ...

ANZ, Westpac 'the cheapest majors': Morningstar

ANDREW MCKEAN | MONDAY, 15 JUL 2024

... said. He also noted that reduced borrowing capacity and persistent inflation are constraining credit growth, despite higher wages and strong population growth. "Interest rate increases weakened consumer confidence and significantly reduced borrowing ...

ATO seeks submissions on defining an 'employee'

ELIZA BAVIN | WEDNESDAY, 3 JUL 2024

... 'employee' under section 12 of the SGAA. Currently, section 12-35 provides that an entity must withhold an amount from salary, wages, commission, bonuses or allowances that it pays an individual as an employee. There must also be a payment of ...

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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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