A Federal Court full bench has this afternoon struck down FWC President Iain Ross's move to appoint himself to the expert panel conducting the review of default super funds in modern awards.
The Financial Services Council has demanded that Fair Work Commission President Iain Ross clarify two legal points before its challenge to the default superannuation review is heard by the Federal Court on Friday.
FWC President Iain Ross has this afternoon flatly rejected a suggestion that his involvement in superannuation funds "25 years ago" means he has a conflict of interest in sitting on the expert panel's review of default funds.
A member of the Fair Work Commission's expert panel has resigned after being disqualified, due to a potential conflict of interest, from participating in the review of default superannuation funds. Meanwhile, the Financial Services Council's challenge to the make-up of the panel is to be heard this week.
The ACTU's bid to remove former senior public servant Tony Cole from this year's annual wage review has failed, after he told the peak body in a consultation hearing this morning that he would not step down because he was not a party to the Audit Commission's recommendation to reduce the minimum wage.
A finance broking house that issued a Brisbane-based employee five payslips in six years and employed him on a commission-based agreement that it believed did not entitle him to base salary, sick pay, annual leave and superannuation entitlements has been ordered to pay him almost $124,000 in penalties.
The Abbott Government will introduce a four-year pause on increases to the superannuation guarantee from July 1, as it seeks to "provide business with certainty" over SG rises.
Advocating a much more severe cut to the Coalition's paid parental leave scheme than Prime Minister Tony Abbott announced on Tuesday, the National Audit Commission has recommended the government cap payments at average weekly earnings and plough the resulting savings into child care assistance.
The FWC's President, Justice Iain Ross, in a ruling handed down this morning, has told the Financial Services Council it should take its complaint about the constitution of the default superannuation expert panel to the Federal Court.
