A $4 billion budget hole created by an overhaul of the government’s contentious super tax policy will be filled using other measures, the treasurer says. Labor is defending major changes to its planned superannuation tax hike, which will see the wealthiest retirees slugged with a higher...
The Reserve Bank is in no rush to cut interest rates again, the minutes from its last meeting reveal, as it waits for more economic data to guide its next steps. The central bank is worried inflation may be stronger than expected, driven partly by price...
Price rises in parts of Australia’s economy remain difficult to contain as businesses struggle under the burden of excessive red tape, top economic officials warn. Reserve Bank Governor Michele Bullock has used her appearance at a parliamentary inquiry to warn more work might be needed to...
Australia’s superannuation industry and unions welcome new payday super legislation to align employer contributions with pay cycles, while others voice concern about the impact on small business. Treasurer Jim Chalmers on Thursday introduced the Payday Superannuation Bill into parliament, which would require employers beginning July 1...
Australian employers could fall behind their competitors if they do not take action to address gender imbalances in their workforce. Companies that are taking action on gender equality have lower staff turnover, higher numbers of women in leadership and better shareholder value, a report by Bankwest...
Almost three in four young Australian workers, particularly those employed in the finance sector, worry artificial intelligence technology will shrink their job prospects, a study has revealed. But most working members of Generation Z are not allowing AI concerns to stop them using the technology, with...