Govt announces change to public sector pay cap

The New South Wales Government announced on 3 May that it will use part of the annual pay increases offered to public sector workers to meet its own superannuation obligations. From 1 July, compulsory employer superannuation contributions will rise from 9 per cent to 9.25 per cent and will rise incrementally each year until they […]

Australian workers will benefit from greater transparency of superannuation funds: unions

Australian Council of Trade Unions MEDIA RELEASE A Productivity Commission inquiry into default superannuation funds in modern awards will shed welcome light onto the relative performance of industry and retail funds, say unions. ACTU Assistant Secretary Tim Lyons said there should be transparency about the performance and operation of superannuation funds in awards so that […]

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