Woolworths faces more fines related to payroll errors, with Wage Inspectorate Victoria alleging the supermarket giant underpaid more than $1 million in long service leave to 1235 former employees. Wage Inspectorate Victoria on Wednesday said it had filed more than 1000 charges against Woolworths Group and its subsidiary Woolstar in the Magistrates’ Court of Victoria. … Read more
Whether it has been a good or bad year for student loan borrowers depends on who you ask. While a large number of borrowers got life-changing emails this year saying their loans had been forgiven, plenty of others received bills in October that they would, in fact, be expected to pay. Regardless, there has been … Read more
Victorians have until midnight August 31 to apply for the current $250 Power Saving Bonus payment from the state government. The new round of the payment was an election promise and was confirmed after the Andrews government’s success at the November 2022 state election. The $250 payment has been available to any household that compares … Read more
Australian health insurance company HCF has announced it is giving back an additional $40 million in health insurance claims savings to its members. Private health insurer HCF has already given back a total of $536 million since the start of the pandemic to its 1.8 million Australian customers as part of their pandemic-related savings support … Read more
Thousands of education students will receive scholarships worth up to $40,000 as part of the federal government’s push to boost the number of teachers across the nation. The scheme will offer 5000 scholarships to teaching students who begin studying next year, specifically targeting high-achieving school-leavers, mid-career professionals, First Nations people, those from remote or regional … Read more
Clemens Porikys | Getty Images Entertainment | Getty Images If you’re in your 40s, you probably have seen articles on how much you should have saved by now to comfortably retire. One guideline from Fidelity Investments calls for having three times your starting salary saved by 40, with the aim of growing that to six … Read more
The amount of money Aussies will need to retire to maintain their living standards has increased by as much as 8 per cent. According to the latest figures from Super Consumers Australia, an independent organisation that has partnered with CHOICE, its revised retirement targets reflect cost of living increases and higher rates of the Age … Read more
The Australian jobs which underwent the biggest advertised pay increases last year have been revealed. According to data by Seek, which analyses the growth of advertised salaries for various roles, many common jobs saw decent increases in 2023. But the highest increase in advertised pay in Australia went to those in the insurance and superannuation … Read more
Nearly 20% of college students say they look to social media most often for financial advice, a recent poll from Generation Lab and Morning Brew finds. TikTok has emerged as one of the leading platforms for financial advice, with 34% of Gen Z saying they get their financial advice there, according to SmartAsset. The hashtag … Read more
Millions of Australians receiving government payments will have their benefits increase in the coming weeks, as the nation deals with a mounting cost-of-living crisis. The rise is part of the twice-yearly indexation of welfare payments, designed to keep payments in line with the rising cost of living. From September 20, welfare recipients are in line … Read more
