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Showing 1 - 10 of 351 results for %22Productivity Commission%22

Government introduces company merger overhaul

ANDREW MCKEAN  |  WEDNESDAY, 10 APR 2024
Australia's merger rules will be reformed in a bid to boost competition and productivity in the economy. Treasurer Jim Chalmers and assistant minister for competition, charities, and treasury Andrew Leigh jointly stated that mergers will be approved ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... years. We look forward to working with the government on the design to make sure that the regulatory grid delivers productivity, transparency, and accountability benefits," he said. Jones and Chalmers said that Treasury will continue to engage with financial ...

Standalone laws key to solving legislative 'porridge': ALRC

JAMIE WILLIAMSON  |  FRIDAY, 19 JAN 2024
... reports, including the final. The reforms are aimed at reducing costs for services providers and consumers, improving productivity, and providing clarity as to compliance requirements and enforcement. The existing legal framework is no longer fit for ...

Government consults on reforms to merger rules

CASSANDRA BALDINI  |  MONDAY, 20 NOV 2023
The government has kicked off its consultation on merger rules and processes to improve competition and productivity while lowering costs to ensure better outcomes for Aussies. According to the government's Merger Reform consultation paper, Australia's ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... considered sustainable," she explained. Mousina said that when accounting for factors such as Australia's low productivity growth, the aim is to avoid a substantial surge in unit labour costs and an ongoing cycle where wage growth matches boosted ...

Super bequest reform can boost charitable giving by billions: Report

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... income falls short. The government has set forth a goal to double charitable giving by 2030, entrusting the Productivity Commission with the task of proposing policies that could propel Australia towards achieving this objective.

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... opportunity to earn investment returns on those amounts," ASIC stated in its filing. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. "AustralianSuper regrets that its processes ...

CBA staff head to Fair Work over WFH policy

JAMIE WILLIAMSON  |  THURSDAY, 13 JUL 2023
... the office would force them to spend more money on things like commuting and childcare while also impacting their productivity due to the hours lost travelling to and from work. The FSU has been engaging with CBA for several months now, pushing for the ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
A new report from the Productivity Commission finds that the agriculture sector is turbocharging the Australian economy well ahead of other industries, thanks to the favourable weather conditions of recent years. The newly released Productivity Commission ...

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... accounts, a portion of which were people with more than one account with the same fund. According to the Productivity Commission, unnecessary multiple accounts can leave someone over $50,000 worse off in retirement. Following the review, three super ...
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