Tag: Australian workers

Superannuation Changes Announced In The 2021 Budget

This years Federal Budget consisted of a large number of significant changes being made to superannuation. If they are successfully passed by Federal Parliament, these changes are set to apply from the 1st July 2022 after the date they receive Royal Asset. 50 Percent Reduction In Minimum Pension Extended To 30th June 2022 Although this […]

One in Seven Australian Employees To Pay For Higher Super With Reduced Wages

More than one in seven employees across Australia have been informed that their extra superannuation payments will be deducted from their wages. This worrying figure, which occurs weeks after the superannuation guarantee (SG) increased from 9.5 to 10 percent of wages, has led to lawyers reminding Australians that most workers are legally allowed to receive […]

Australia’s Unemployment Rate Drops Under 5 Percent For The First Time In A Decade

According to new figures from the Australian Bureau of Statistics (ABS), Australia’s unemployment rate has dropped to 4.8 percent, with just under 30,000 jobs being created in the month of June 2021. These figures indicate that the nation’s unemployment rate has now declined for eight consecutive months, taking the unemployment rate to its lowest level in […]

Employee Overtime Increased By 33 Percent In 2020

Recently published research has highlighted that overtime work increased in 33 percent of businesses across Australia over the last 12-month period. 59 percent of non-award staff were unpaid for their extra hours. Only 13 percent managed to decrease overtime over the past 12 months. Of those 33 percent of Australian business that increased overtime, 20 […]

Casual Workers Across Australia Are Left in Financial Limbo During Covid Lockdowns

Once again, a number of Australia’s biggest cities have been placed under new lockdowns, as a consequence of this, hundreds of thousands of casual workers across the country have been left without an income thus giving them an uncertain and anxious future. Some casual workers will receive a $500 crisis payment if their city’s lockdown […]

Important Information About The Superannuation Guarantee (SG)

For Australian workers the most common type of contribution regularly going into your super account is likely to be the Superannuation Guarantee – or SG for short – which is the contribution your employer is required to make into a super fund on your behalf. The SG is part of the remuneration you receive from […]

Job Vacancies Across Australia Increase by 57 Percent

As various parts of Australia are impacted by new outbreaks of covid-19, the latest job vacancy figures published by the ABS illustrate that job vacancies have risen by 57 percent in May 2021 compared with the figures released in February 2020. One of the major reasons for these labour statistics is the fact that there […]