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Early super access cut retirement balance by $120K: Study

The one in every six workers who took up the Morrison Government's invitation to withdraw their super during the pandemic mostly took the maximum $20,000 or their whole account balance, tended to spend the windfall on gambling and consumer items, and cut their retirement income by $120,000 in today's dollars, according to a new academic study.


CPSU pursuing 9% upfront federal public sector pay rise

The CPSU will seek a 20% pay rise over three years plus potential cost of living adjustments and the scrapping of any cap on how many days federal public servants can choose to work from home as part of a service-wide log of claims it will hand to the APSC at the end of the month.



Unsought payment orders "contrary to public interest": Full court

A full Federal Court has more than halved fines imposed on the CFMMEU for picketing a crane company over a sacked delegate, while also binning orders requiring the delegate to personally pay a $3500 penalty despite it not being part of the case against him.


Structural, counting factors holding down wage growth: Analysis

Multi-year enterprise agreements, flaws in the "standard" Wage Price Index measure and public sector pay caps partially explain recent low wages growth, which would otherwise have been up to one percentage point higher last year, according to new university analysis.


Union to pursue "ambitious agenda" in CommBank bargaining

The FSU is calling on CBA workers to endorse an "ambitious" log of claims that includes trialling a 30-hour working week and banning further outsourcing, after a survey highlighted concerns about the cost of living, job security, understaffing and workloads.


NZ living costs stall talks on new contractor test

New Zealand Labour Prime Minister Chris Hipkins has deferred public consultation on a new test to determine who is a contractor and who is an employee, as he seeks to concentrate on cost-of-living issues in lead-up to an expected October election.


Unions' efficiency argument wins scope order

The FWC has ordered resources giant Santos to merge two proposed agreements into one, finding that parallel processes and duplication of claims would otherwise condemn parties to a "less efficient" bargaining process.


Parties to be heard on referring matters to expert panels: Hatcher

FWC President Adam Hatcher has this afternoon confirmed his provisional views about which current matters before the Commission should be referred to a new expert panel and accepted employer arguments that parties' opinions should be sought before referrals are made.


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