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Showing 1 - 10 of 59 results for "minimum wage"

Inflation skyrockets in March, RBA hike almost certain

ELIZA BAVIN | WEDNESDAY, 29 APR 2026

... also 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 ...

Australia's billionaire boom branded 'morally wrong' by Oxfam

ANDREW MCKEAN | TUESDAY, 3 JUN 2025

... little prospect of home ownership," it said. Its analysis found that 99% of rentals are out of reach for full-time minimum wage earners, while homelessness is a reality for over 120,000 Australians on any given night. "This level of inequality is not ...

Minimum wage to rise 3.5%

JAMIE WILLIAMSON | TUESDAY, 3 JUN 2025

The National Minimum Wage and all modern award minimum wage rates will increase by 3.5% on July 1. The minimum wage is currently $24.10 an hour and, following the Fair Work Commission's decision today, will rise to $24.95 an hour. This equates to a ...

Non-compete, restraint clauses to be outlawed

JAMIE WILLIAMSON | TUESDAY, 25 MAR 2025

... including across industries like childcare and construction. It follows a Competition Review by Treasury that found minimum wage workers were being sued by former employers or threatened with legal action if they tried to switch jobs. The government ...

More to do in the fight against inflation: Chalmers

ELIZA BAVIN | TUESDAY, 3 SEP 2024

... tax cuts for every taxpayer, energy rebates for every household and a million small businesses, and a wage rise for minimum wage earners and more help is on the way from this month." From this month, the maximum rates of Commonwealth Rent Assistance ...

Wages grow 0.7% in June quarter

KARREN VERGARA | WEDNESDAY, 14 AUG 2024

... labour market conditions, which points to further downside in public wages growth in the next year," Bui said. The minimum wage has increased in three consecutive years: 5.2% in 2022, 8.6% in 2023, and 3.75% in 2024. During the quarter, the ABS reported ...

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

ELIZA BAVIN | FRIDAY, 19 JUL 2024

... appears as though the tight labour force will persist, and along with the government's recent 3.75% increase to the minimum wage and property prices surging, the chances of an interest rate cut have been pushed. "It is becoming a lot clearer with inflation ...

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN | TUESDAY, 26 MAR 2024

... million, or one in four workers, which comes into effect on 1 July 2024. Last year the ACTU sought a 7% increase to the minimum wage, however the Fair Work Commission Annual Wage Review board awarded a 5.75% increase. The ACTU said workers on awards ...

Agricultural sector in for a mixed 2024: Outlook

JAMIE WILLIAMSON | WEDNESDAY, 13 DEC 2023

... dollar," Rural Bank said. The cost of seasonal labour will also remain high, driven by the low unemployment rate and minimum wage awards. "A more favourable economic environment is expected to begin supporting agricultural markets in the back half of ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI | THURSDAY, 16 NOV 2023

... agreement (EBA), you were impacted by those decisions in June." Over half of the Aussie workforce is on an award, EBA or minimum wage. "It does end up being like 65% of the workforce. So, about 35% is on individual agreements, which is why the decisions ...

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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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