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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”.

Three key predictions for Australia s future: highlights from the intergenerational report | Australian economy

Three key predictions for Australia s future: highlights from the intergenerational report | Australian economy
theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.

Bill Mitchell: Restricting population growth good for local workers

Bill Mitchell: Restricting population growth good for local workers
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

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