The chief executive of the $84 billion AustralianSuper fund has urged unions to ensure that they make industry super funds the default option in enterprise agreements.
Employees should be completely free to choose their superannuation funds, and they should be run by trustee boards dominated by independent directors, according to the Murray financial system inquiry's report.
In a wide-ranging attack on the Heydon Royal Commission, ACTU assistant secretary Tim Lyons has dubbed it as part of a conservative agenda to restrict "organising, industrial action, right of entry, public campaigning, political action and expenditure, litigation, access to arbitration and the right to be self-governing".
A Federal Court full bench has overturned a lower court's interpretation of an employment contract, finding that it had wrongly taken account of the parties' conduct after it commenced.
Labor and unions have slammed yesterday's deal between the Coalition and the Palmer United Party that keeps employers' guaranteed superannuation payments at their current rate until 2021 and scraps the low income contribution in three years.
The NSW Industrial Court has overturned a ruling that 78 Port Kembla coal terminal workers were owed $2.5 million after signing contracts based on employer assurances they wouldn't be worse off under a replacement superannuation scheme.
The ACTU has produced a “bargaining toolkit” to help unions to pursue claims to offset Federal Budget measures, including the $7 GP co-payment, a freeze on child care rebates and the re-indexation of fuel excise.
A Federal Court full bench has this afternoon struck down FWC President Iain Ross's move to appoint himself to the expert panel conducting the review of default super funds in modern awards.
