ANZ, Wesfarmers, Macquarie Group, Telstra, Goodman Group and Transurban are among the biggest companies relying on clauses that specify “total remuneration package” or “total package value” or “remuneration inclusive of superannuation” to avoid forking out an extra 0.5 per cent in superannuation to workers on individual agreements.
Jane Hume, the Minister for Superannuation, Financial Services and the Economy, said Australians were warned this would happen. Labor’s superannuation spokesman Stephen Jones said deducting the super increase from base salary was a “miserable” way to treat employees.“It’s a pretty miserable way to treat your employees, most of whom will have been on a wage freeze for a long period of time,” Mr Jones said.
Not all companies are avoiding paying the additional superannuation. Among other companies in the S&P ASX20, Commonwealth Bank, BHP, CSL, Westpac, Woolworths Group, Rio Tinto, Afterpay, Aristocrat Leisure, REA Group, Newcrest Mining and Xero are increasing remuneration for all employees subject to the maximum superannuation contribution.
Igh0108 niltiac Meanwhile, our ELECTED 'leaders' get 14% with NONE taken out of salary.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: abcnews - 🏆 5. / 83 Read more »