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".
Employers will be required from July next year to make super contributions within seven calendar days of paying their workers' wages and salaries, after enabling legislation passed Parliament today.
Employers will be required from July next year to make super contributions within seven calendar days of paying their workers' wages and salaries, under legislation introduced today by the Albanese Government.
Later-in-life events rather than child-rearing alone contribute to women retiring with lower super balances, and the government needs to take "urgent action" to prevent women from continuing to fall behind, a new report finds.
In its latest clean-up of superannuation in awards, the FWC has observed that after more than a decade it still does not have the required members to constitute an expert panel to keep tabs on default funds terms.
