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Showing 1 - 10 of 62 results for "Wage increase"

Union calls on RBA staff to reject pay offer

VINNY VUCAGO  |  MONDAY, 22 JUN 2026
The Finance Sector Union (FSU) has urged Reserve Bank of Australia (RBA) staff to reject a proposed wage deal, arguing the offer fails to keep pace with inflation and risks driving skilled employees from the central bank. The dispute centres on a proposed ...

Inflation skyrockets in March, RBA hike almost certain

ELIZA BAVIN  |  WEDNESDAY, 29 APR 2026
... anticipating wages to start reacting to rising inflation. "Fair Work is expected to release its decision on the minimum wage increase, which flows through to about 50% of wage earners early in June," he said. "We expect the minimum wage increase which ...

Minimum wage to rise 3.5%

JAMIE WILLIAMSON  |  TUESDAY, 3 JUN 2025
... annual salary of $51,512. Accounting for inflation, which came in at 2.4% at the most recent read, it is a real wage increase of 1.1% - one of the largest awarded by the Fair Work Commission in its history. The Fair Work Commission said the decision ...

Tariffs not the only inflationary risk: Colchester

MATTHEW WAI  |  WEDNESDAY, 19 MAR 2025
Speaking at Financial Standard 's Advisers Big Day Out (ABDO), Martyn Simpson, senior investment officer from Colchester Global Investors, discussed the potential impact of tariffs and some of the inflationary issues markets may yet face. In terms ...

RBA to meet for final 2024 rate decision

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
The Reserve Bank of Australia (RBA) will deliver its final interest rate decision today, with a hold predicted by most experts. The RBA has kept rates on hold at 4.35% all year, despite other global central banks having begun a rate cutting cycle. But ...

Wages grow 3.5% for the year

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... outcomes of the Fair Work Commission Annual Wage Review decision," Marquardt said. "The latest decision of a 3.75% wage increase paid from 1 July 2024 was lower than the September quarter 2023 increase of 5.75%. It was also lower than the Commission's ...

Wages grow 0.7% in June quarter

KARREN VERGARA  |  WEDNESDAY, 14 AUG 2024
... training or utilities grew by 4.3% annually. Workers in the financial services and insurance sectors saw a 3.6% annual wage increase. "Private wages tend to be more reflective of market conditions though: private wages growth rate has cooled for four ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... top of $11.3 billion already allocated for the interim 15% increase. The government will provide funding towards a wage increase for the early childhood education and care workforce, with details to be finalised following the Fair Work Commission processes ...

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... further 5% rise would help workers meet current prices rises and make up for the lost income over this period. A 5% wage increase would lift the minimum hourly rate to $24.39 and the minimum annual full-time rate by $2295 to take it to $48,200. The ACTU ...

RBA pause short but sweet: Mousina

CASSANDRA BALDINI  |  WEDNESDAY, 5 JUL 2023
... month and in September so two more hikes in this current cycle." AMP had forecasted a July raise due to the minimum wage increase and inflation data still being higher than RBA targets. As to whether last month's minimum wage increase should offset ...
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