The NTEU has called on the UniSuper industry superannuation fund's chief executive officer, to withdraw his public statement opposing Labor's planned $53M royal commission into the finance sector.
The administrators of Clive Palmer's Queensland Nickel Pty Ltd have recommended the company be put into liquidation next week, opening the way for hundreds of sacked workers to be paid under the Federal Government's Fair Entitlements Guarantee.
The Victorian County Court has given suspended jail sentences to two former Cbus employees who pleaded guilty to giving false and misleading evidence to the Heydon Royal Commission.
The Productivity Commission is calling for submissions on the criteria it should use for assessing the efficiency and competitiveness of the superannuation system and its ability to deliver the best results for fund members and retirees.
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.
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%.
The AWU is calling for the corporate regulator to investigate whether Queensland Nickel breached corporations laws and whether owner Clive Palmer is acting as a "shadow director", as part of the union's push to secure members' outstanding entitlements.
Westpac and the FSU have reached an in-principle agreement on a new agreement covering about 30,000 employees across Westpac and its subsidiary banks that will for the first time remove the link between performance targets and fixed pay increases for all staff earning less than $75,000 per annum.
Delaying access to superannuation by two years is likely to boost mature age workforce participation by two percentage points, says a new Productivity Commission report.
