Business News

Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most

Written by Mark Melatos, Associate Professor of Economics, University of Sydney

Unsplash, Canva, The Conversation, CC BY-NC

A central element of Australia’s superannuation system is the superannuation guarantee (SG). This is the compulsory 12% of an employee’s earnings that an employer must pay into the employee’s nominated superannuation fund.

The compulsory contribution rate has risen steadily from 3% when...

Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most
Unsplash, Canva, The Conversation, CC BY-NCA central element of Australia’s superannuation system is the superannuation…
A crucial meeting aims to remake the WTO to fit the new global order
Getty ImagesWith the global rules-based order collapsing, the United Nations faces an existential crisis as the United States…
Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?
Gold has long enjoyed a reputation as a financial “safe haven” during stormy times. But over the past few months …
Is your ‘sustainable’ super funding fossil fuels or weapons? How to check the fine print
Many Australians don’t realise their superannuation savings – worth A$4.5 trillion and growing – may be inv…
This is how the 1970s oil shock played out. There are lessons for the economy today
Cars lined up at a US gas station during the oil shock of 1979.Universal History Archive/Universal Images Group via Getty Ima…
Prosecco makers lose out as Australia seals EU free-trade deal after 8 long years of talks
Nearly eight years ago Australia and the European Union (EU) launched trade negotiations. Finally, today Australian Prime Mi…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property
In the dynamic world of real estate, commercial properties hold a pivotal position. They represent not only a significant financial asset but also a crucial business investment. When contemplating the…

5 Things That Every Warehouse Should Have
Warehouses are incredibly hazardous environments that pose great risk, due to the nature of the work that goes on. There is often a lot of heavy machinery being operated, tall…
Workers hate office noise – but is using headphones to shut out colleagues the solution?
ShutterstockIs it OK to wear headphones in the office? Do they help get work done, or is wearing them considered rude and damaging to the office vibe.While it might be…
This could be the end of the line for cruise ships
Stranded cruise ships have become a symbol of the COVID-19 pandemic. Passengers and crew are desperate to get off but the ports to which they’ve headed don’t want them.It is…

Why Middle Australia Is Quietly Driving the Shift Away From Car Ownership

The narrative around changing attitudes to car ownership has long focused on Gen Z. Younger Australians are often portrayed as the generation movi...

Launchd Acquires WeAreTENZING as ANZ Creator Economy Spend Nears $1 Billion

Launchd, Australia's leading talent-first creator economy group, has acquired WeAreTENZING, one of New Zealand's most respected talent agencies, b...

Time to punch above our weight and stop shadowboxing on AI

Australia prides itself on being an innovation economy. We celebrate startups, talk about productivity, and lean into our reputation for punching ...

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Led by seasoned capital markets veteran Mark Wang, the fund is purpose-built to serve Australia’s most productive yet chronically underserved busi...

Global Thryv voices bring a sharper lens to International Women’s Day

Thryv® (NASDAQ: THRY), ANZ’s leading AI-enabled small business marketing software platform provider, marks International Women’s Day (IWD) with a bu...

AI curiosity fuels new wave of employee-led innovation in Australia

Leaders across Australia are asking themselves how they can ensure their employees get the most out of AI. We recently conducted research to help an...

Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most

Compulsory super is higher than ever at 12%. But cutting it would hurt low-paid workers most

A crucial meeting aims to remake the WTO to fit the new global order

Gold is meant to be a ‘safe haven’ in uncertain times. Why is it crashing amid a war?

Is your ‘sustainable’ super funding fossil fuels or weapons? How to check the fine print

This is how the 1970s oil shock played out. There are lessons for the economy today

Prosecco makers lose out as Australia seals EU free-trade deal after 8 long years of talks

Traditions of Rural Bali at Villa Sabana

Essential Reasons to Opt for a Professional Valuation Before Selling Your Commercial Property

5 Things That Every Warehouse Should Have

Workers hate office noise – but is using headphones to shut out colleagues the solution?

This could be the end of the line for cruise ships

Why Middle Australia Is Quietly Driving the Shift Away From Car Ownership

Launchd Acquires WeAreTENZING as ANZ Creator Economy Spend Nears $1 Billion

Time to punch above our weight and stop shadowboxing on AI

Colter Bay Capital Launches as Australia’s Newest Institutional Private Credit Fund

Global Thryv voices bring a sharper lens to International Women’s Day

AI curiosity fuels new wave of employee-led innovation in Australia

How Contiki is Redefining Travel for Young Adventurers

Navigating the Cosmetic Advertising Crackdown Before September Guidelines Hit

Defining Actionable AI for Australian IT Efficiency and Security