ACTU secretary Sally McManus has called for the $590 billion industry superannuation fund sector to reconsider their commercial relationships with "dodgy banks" named at the Hayne Royal Commission into the finance sector.
The Federal Circuit Court has levelled a $75,000 fine and is expected to order more than $25,000 in compensation against the director of a liquidated supermarkets enterprise who withheld about $450,000 in union dues, superannuation and Easter rates from more than 200 employees.
Employers who defy orders to pay superannuation to their employees will face jail terms of up to 12 months under draft legislation unveiled today by the Turnbull Government.
Deliveroo Australia is "constrained" from offering improved benefits for riders because it wants to protect its model of engaging contractors rather than employees, says the food delivery business's national manager.
Superannuation fund directors might have a duty to oppose "aggressive" employer strategies, such as unilateral agreement terminations, that suppress wages and reduce accumulation of retirement income, according to a new report by the Centre for Future Work.
The Turnbull Government will this week introduce legislation giving APRA greater powers to investigate superannuation funds, including the fees and sponsorships directed from industry super funds to unions.
CBA HR chief Melanie Laing has suffered a 52% pay cut following a decision by the company's board to cut to zero the short-term incentive payments for group executives, while a superannuation review has revealed about $16.7 million in underpayments to 36,000 current and former bank employees.
The TWU has won a 2.25% increase in employer superannuation contributions as part of an in-principle agreement on a new three-year deal at the Toll transport group.
A major report showing how the superannuation system is geared to disadvantage mothers is calling on employers and the government to boost contributions for workers falling below an "accumulation pathway" of minimum balances required to fund a basic living standard in retirement.
A Senate inquiry has recommended that existing legislation be strengthened to capture entities ultimately responsible for unpaid super in much the same way that powers to pursue and penalise franchisors and holding companies held liable for unpaid wages stand to be bolstered under proposed changes to the Fair Work Act.
