Category: News
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Superannuation overhaul could help workers
Superannuation has been a pillar of the Australian workforce since it was introduced in 1983. However, employees can find it difficult to navigate the numerous superannuation funds and select a single fund throughout multiple jobs. Employees can find themselves signing up to the superannuation fund that works best for the company instead of the fund…
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The Reject Shop shares have plummeted
The value or stock in The Reject Shop have plummeted after the discount variety store reported a drop in its full-year profit. In an announcement to the ASX, The Reject Shop revealed that their full-year profit will drop to approximately $12.5 million, citing the wider market as a cause for the loss of profits. “Assuming…
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Government considered housing tax breaks in early 2016
Despite a new Federal Government housing affordability package expected for the next budget, the impact of tax breaks in the housing market was formally examined and rejected by the Federal Cabinet as early as February 2016. The Coalition Government responded to investigations into the possibility last year by launching direct and staunch opposition to Labor’s proposals for…
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US Vice President Mike Pence to meet with Turnbull
United States Vice President Mike Pence will meet with Prime Minister Malcolm Turnbull and other government figures when he visits Australia as part of a Pacific goodwill tour next month. Pence will meet with Turnbull, Opposition Leader Bill Shorten, and Foreign Minister Julia Bishop on April 22nd as Pence seeks to heal the damage done…
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United Petroleum workers underpaid says Fair Work Ombudsman
United Petroleum has been blasted by the Fair Work Ombudsman after it has been revealed that they had underpaid almost 50 of their workers across a number of their outlets. The Fair Work Ombudsman has released a report which revealed that more than 40% of the United Petroleum outlets audited were underpaying employees. “Five outlets…
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ACCC takes Apple to court over repair warranties
The Australian Competition and Consumer Commission (ACCC) has begun legal proceedings against Apple over claims that the conditions of customers’ warranties were misrepresented by the software giant. An update to the software used for Apple products has caused some iPhones and iPads to become disabled after downloading the iOS update, which became known as “error 53”.…
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Fairfax is cutting $30 million from newsrooms
Capital city newsrooms owned by Fairfax are suffering from restructuring changes as the company attempts to save $30 million per year. However, these costs are not staff related and will focus instead on editorial operations to get the savings that are needed. The media group is implementing changes through a ‘process of consultation’ across the Sydney Morning…
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Australian consumer confidence is at an all time low
Consumer confidence is at an all time low within Australia, as consumers grow increasingly worried about low wages and high costs of housing and living, according to ANZ. The ANZ-Roy Morgan Consumer Confidence Index fell 2.4% to a level of 111.1 points in the week ending April 2, remaining just above the 100 level separating…
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The Mac Pro is finally getting an overhaul
The Mac Pro was Apple’s answer to converting PC fans to the brand. After its fairly unheralded release in 2013, the Mac Pro is getting a much needed upgrade. The Mac Pro was released and then Apple did nothing with it, leaving fans who wanted to convert to Apple confused. It was the answer to…
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Tesla stock is worth more than Ford
Tesla stock has stunned the stock market by overtaking the 115 year old company Ford in stock value. Tesla’s market cap was US$47.46 billion (AUS$62.5 bn) yesterday, whereas Ford’s market cap decreased to US$44.89 billion (AUS$59 bn). This sudden drop in Ford value is due to recent bad news announced by the company, which contrasted Tesla’s good news. Tesla reported an…