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Wildcat strike at Fairfax after job cuts heralded

Journalists at Fairfax Media's flagship publications have walked off the job today after the management unveiled a plan to cut a further 120 full-time equivalent positions.

PC seeks criteria to assess competitiveness of superannuation system

The Productivity Commission is calling for submissions on the criteria it should use for assessing the efficiency and competitiveness of the superannuation system and its ability to deliver the best results for fund members and retirees.


Government seeking input on superannuation's purpose

The primary objective of superannuation is to provide retirement income to "substitute or supplement" the age pension, according to a Government proposal in a new discussion paper.

Not bankable: Appeal court slashes chief executive's $3m payout

An appeal court has reduced the $3m severance and bonus payout awarded to an investment bank chief executive dislodged after a global takeover, while it has granted the bank's head of global markets an exit payment of almost $400,000.


Holden worker forfeits $180,000 redundancy payout after compo fraud

A long-serving GM Holden employee sacked for working on his investment property while dishonestly claiming workers' compensation has lost his entitlement to retraining and a redundancy payment of up to $180,000 when the company closes its manufacturing operations next year.

FWO pursuing non-compliance penalties, third parties for underpayments

The Federal Circuit Court has warned compliance order recipients that they should have "no misapprehension about their obligations to comply" after fining an employer that underpaid workers $9,000 on top of the original penalty. Meanwhile, the regulator is pursuing an accountancy firm that was allegedly involved in an employer's underpayments