Browsing: Entitlements and standards | Page 86 (1,001 items)

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Government seeking input on superannuation's purpose

The primary objective of superannuation is to provide retirement income to "substitute or supplement" the age pension, according to a Government proposal in a new discussion paper.


Not bankable: Appeal court slashes chief executive's $3m payout

An appeal court has reduced the $3m severance and bonus payout awarded to an investment bank chief executive dislodged after a global takeover, while it has granted the bank's head of global markets an exit payment of almost $400,000.



Holden worker forfeits $180,000 redundancy payout after compo fraud

A long-serving GM Holden employee sacked for working on his investment property while dishonestly claiming workers' compensation has lost his entitlement to retraining and a redundancy payment of up to $180,000 when the company closes its manufacturing operations next year.


FWO pursuing non-compliance penalties, third parties for underpayments

The Federal Circuit Court has warned compliance order recipients that they should have "no misapprehension about their obligations to comply" after fining an employer that underpaid workers $9,000 on top of the original penalty. Meanwhile, the regulator is pursuing an accountancy firm that was allegedly involved in an employer's underpayments





"No plans" to halt super rise: PM

The Turnbull Government has played down a report that it plans to freeze employer superannuation contributions at the current 9.5%, scrapping the plan to increase the SGC to 12%.


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