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Showing 1 - 10 of 217 results for %22Fair Work Commission%22

Calls for fresh 5% hike to minimum wage

ELIZA BAVIN  |  TUESDAY, 26 MAR 2024
... increase in the minimum and award wages as part of its submission to the Annual Wage Review. Each year, the Fair Work Commission hears from unions, employers, and governments before setting minimum and award wages for about 2.9 million, or one in four ...

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... statements in line with the terms. A whopping 93 reports were passed on to the Australian Securities and Investment Commission, 47 were referred to the Australian Prudential Regulation Authority and eight were referred to other agencies such as the Australian ...

Super funds in pole position for expanded advice

KARREN VERGARA  |  MONDAY, 26 FEB 2024
... life insurers to enter advice. "Banks [in particular], may feel that they've been burned on advice and may require a fair bit of certainty to entice them back into the advice space and we may see that take a little longer," she told a recent PritchittBland ...

What you read in 2023

JAMIE WILLIAMSON  |  FRIDAY, 15 DEC 2023
... their businesses slashed by controversial changes to AMP's Buyer of Last Resort provisions following the Royal Commission. Justice Moshinsky found evidence of losses incurred by the lead applicant, Equity Financial Planners, and sample group member ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... the start of the policy, how can the insurance company increase the rate? The answer is that they can. It doesn't seem fair." Most recently, Zurich's OnePath raised premiums for its income protection insurance for the Plus (Series2) policy by ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... being like 65% of the workforce. So, about 35% is on individual agreements, which is why the decisions by the Fair Work Commission are so important in terms of the signalling impact they have on the rest of the market," she said. Despite the record high ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... and that it has since strengthened processes to identify and combine multiple accounts. "AustralianSuper will continue to work with ASIC to bring these proceedings to a resolution," it said.

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... jobs, and force staff to work in the office for half the time. The union recently lodged a dispute at the Fair Work Commission challenging the bank's direction. FSU national secretary Julia Angrisano said: "CBA's record profit demonstrates that staff ...

Tax miners, major corporates to tackle housing shortage: CFMEU

JAMIE WILLIAMSON  |  TUESDAY, 25 JUL 2023
... different industries, a permanent super profit tax should now discourage investment." Further, it said the tax would provide a fair return to the use of public resources, saying that in the case of mining companies, minerals are owned by the state and ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
The Finance Sector Union will front the Fair Work Commission on behalf of Commonwealth Bank staff, fighting the banking giant's mandate that staff be in the office 50% of the time. At the end of May, CBA told staff that they would be required to work ...
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