Treasury's latest intergenerational report, released this afternoon, predicts Australia will have a far older working-age population in the 2060s, while artificial intelligence is expected to help achieve its long-term productivity growth assumptions.
The NSW Industrial Court has found that a worker who started out as a "volunteer trainee" had been an employee and should have been paid, because he worked regularly and "meaningfully contributed" to the business.
Greens IR and finance spokesperson Barbara Pocock is calling on the Albanese Government to back her private member's bill and support superannuation for under-18 workers, in line with the Labor Party's platform, while the Coalition's Andrew Bragg says that after its extension to young workers, the next step will be "super for cats and dogs".
The Greens are seeking to disallow a part of the payday super regulations that it says reintroduces discriminatory provisions exempting large employers, with McDonald's the leading example, from having to pay super to under-18s working up to 30 hours a week.
Paid parental leave will increase by 10 days to six months from tomorrow, when increases to the minimum wage and award rates, and payday super changes, also take effect.
The Albanese Government has today won passage through Parliament of legislation that streamlines choice of super funds when employers are "onboarding" new employees and seeks to prevent advertising of super products during that process.
First Nations women face a larger pay gap than other women, which results in them retiring with lower super balances that many don't live long enough to enjoy, an academic has told an IR conference.
Industry super fund Cbus has been hit with a $23.5 million penalty for delaying payment of death benefits and total and permanent disability claims to thousands of members.
A Coalition private senator's bill sold as tackling the retirement savings gender gap is a ruse that "will allow already very wealthy Australians to funnel even more of their wealth into their super", according to the Greens, while Labor damned it for "empower[ing] the generationally wealthy".
