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Top News In உள்ளது தொழிலாளர் Today - Breaking & Trending Today

Labor shocked super increase comes out of workers' pay


MacroBusiness
Access Subscriber Only Content
at 2:20 pm on June 28, 2021 | 18 comments
Has Labor been living under a rock? Because it seems to be in disbelief that many Australian workers will have their take home pay cut when the superannuation guarantee (SG) is lifted from 9.5% to 10% on 1 July:
“ANZ, Wesfarmers, Macquarie Group, Telstra, Goodman Group and Transurban are among the biggest companies relying on clauses that specify “total remuneration package” or “total package value” or “remuneration inclusive of superannuation” to avoid forking out an extra 0.5 per cent in superannuation to workers on individual agreements”.
“Many will see an immediate reduction to take-home pay to fund the super increase without increasing total remuneration”. ....

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How worried should the Tories be by Labour's advance in the "Blue Wall"?

How worried should the Tories be by Labour's advance in the "Blue Wall"?
newstatesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newstatesman.com Daily Mail and Mail on Sunday newspapers.

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