Federal Treasurer Jim Chalmers says that Labor's "big agenda" on superannuation does not currently include lifting compulsory super contributions from 12% to 15%.
The Albanese Labor Government is rushing through legislation to close a loophole that could add billions of the dollars to the defined benefit superannuation entitlements of about 10,000 federal public sector employees who have been posted overseas over the past three decades.
The CBA is rolling out new contracts for staff on legacy individual flexibility arrangements and admitting ahead of a Federal Court hearing that the IFAs breached the Fair Work Act, but the FSU says it must get the process right for those wanting to revert to the agreement.
The Queensland Government appears to be continuing the rollout of its revised public sector wages policy, reaching an in-principle deal with the State's teachers that will deliver 11% in pay rises over three years, plus "cost of living top-up payments" of up to 3% a year.
A FWC senior member who once served as Fortescue's HR manager has observed in the course of granting its bid to transfer outsourced workers to a direct-employment deal that doing the same work for lesser conditions "inevitably" leads to discontent and would be "unfair".
Unions have urged the Morrison Government to dump the "Your Future, Your Super" legislation after reports the Coalition will allow a scheduled increase in employer super contributions from 9.5% to 10% to go ahead.
Uber's UK arm will pay 70,000 drivers the national living wage, “holiday time” and automatically enrol them in a superannuation scheme, in response to a recent UK Supreme Court judgment.
The Information Commissioner has ordered Australia's largest super fund, Australian Super, to pay a member $4500 in compensation and apologise for sharing her personal information with her former legal representatives.
The Federal Government's retirement incomes review, released today, has warned that increases in compulsory super contributions will curb wage growth and reduce living standards during employees' working lives.
