Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 56 results for "Modern Awards"

Minimum wage to rise 3.5%

JAMIE WILLIAMSON  |  TUESDAY, 3 JUN 2025
... suffered a reduction in the real value of their wage rates since 2021. Some 2.9 million workers have their wages set by modern awards. Most employees who will benefit from the rise work in the accommodation and food services, community, care, retail ...

Lack of action on menopause driving gender inequity

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2024
... support, the government is being pushed to consider adding such entitlements to the National Employment Standards and modern awards, and to weigh introducing flexible working arrangements for women via the Fair Work Act. Of those surveyed by MetLife ...

Inquiry urges government to consider paid reproductive leave

JAMIE WILLIAMSON  |  FRIDAY, 20 SEP 2024
... with consideration to introducing paid gender-inclusive reproductive leave in the National Employment Standards and modern awards, the committee said. Several employers in Australia already offer leave entitlements of this nature, including Cbus, Future ...

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
... part of the government's Protecting Worker Entitlements Bill. Currently, Australian workers lacking coverage under modern awards or enterprise agreements are vulnerable to exploitation if their employer fails to make the required superannuation contributions. ...

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

BENJAMIN ONG  |  THURSDAY, 15 NOV 2018
... 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 annual wage review ...

Industry stakeholders welcome PC report

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAY 2018
... also demonstrates that having default funds tied to employers and workplace relations via enterprise agreements and modern awards is also contributing to poor outcomes. "They note that this has worked in favour of the funds, not consumers. The PC's overarching ...

Competition not super's silver bullet: PC

DARREN SNYDER  |  TUESDAY, 2 AUG 2016
... Competition in the context of member benefits hints the Commission's review will likely reassess super's role in modern awards. In 2012, the Commission was tasked with designing criteria for the selection and assessment of default superannuation funds ...

FSI response fans default super flames

MARK SMITH  |  WEDNESDAY, 21 OCT 2015
... superannuation reforms." The banks object to being passed up for inclusion as the default fund for some employers by the Modern Awards system, arguing it impedes competition. ISA, meanwhile, argues that industry funds have better long-term average performance ...

Retail funds get behind campaign to lower fees

LAURA MILLAN  |  TUESDAY, 11 AUG 2015
... competing with industry, corporate and public sector funds, many of which have higher fees." Loane said that the modern awards system by which employers choose default superannuation funds does not allow for market competition. "Open market competition ...

Frydenberg slams modern awards as poorly-conceived

DARREN SNYDER  |  FRIDAY, 7 AUG 2015
... alternative to the current, poorly-conceived Fair Work Commission process for the selection of default funds in modern awards." He added that the government was committed to increasing competition in the default superannuation market. "Competition remains ...
PAGE:
1
PREVIOUS
NEXT