Australia s lowest-paid workers could get a five per cent pay increase to cope with surging inflation and petrol prices. This would be double that increase they received last year.
Australian workers are expected to receive long overdue pay raises this year after unemployment levels fell to the lowest level since 1974 - here s who stands to benefit most.
By June, Australia s headline inflation rate is tipped to surge to 4.25 per cent, the highest level since 2008. This is well above last year s consumer price index of 3.5 per cent.
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Wider issues around fund structures, complexity and lack of available funds on defined contribution (DC) platforms are at the heart of problems with illiquid investment opportunities, the industry says.