
Articles
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1 week ago |
abc.net.au | Emily Stewart
Termination payments for Australian-listed company CEOs have dropped to the lowest level in 15 years. Realised salaries, which include fixed pay and bonuses, have flattened. So-called "golden parachutes", or big pay-outs when the leaders of Australia's largest listed companies leave, might be a thing of the past.
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1 week ago |
abc.net.au | Emily Stewart |Stephanie Chalmers
A survey of financial counsellors found many energy customers facing financial difficulty aren't getting adequate support from their retailers. ENGIE was ranked the worst by counsellors for its approach to hardship, while WA's Synergy received the top ranking. Consumer advocates are calling for reforms to provide a nationally consistent hardship support, some of which are supported by the industry.
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2 weeks ago |
abc.net.au | Emily Stewart
Tax time is fast approaching — but there is still time to get your ducks in a row if your superannuation is on your list of admin tasks to tackle. Tax agents say it is a good time to look at maximising your super, using something called 'concessional contributions', which can lower your taxable income while topping up your retirement savings. The catch? You have to have the spare cash available (which is tough for many during this cost of living crisis). Here's what it all means.
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3 weeks ago |
abc.net.au | Samuel Yang |Emily Stewart |Adelaide Miller
The Australian share market has finished the day up 0.8% at 8,530 points with a lot of winners and not so many losers. Overall, the market had 60 stocks in the red, 6 unchanged and 134 stocks gaining. When looking at the sectors, Energy finished at the top; up 1.9%, followed by Industrials; up 1.3% and then Consumer Cyclicals; up 1.2%. Only two sectors finished in the red; Academic and Educational Services finished at the bottom; down -2.6%, followed by Consumer Non-Cyclicals, down -0.5%.
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1 month ago |
abc.net.au | Emily Stewart
Consumer prices rose 2.4 per cent for the year to April, according to the Australian Bureau of Statistics, leaving the inflation rate unchanged last month. It is the third month in a row that headline inflation has been steady. The market had expected a slight easing of inflation in April, to 2.3 per cent. The Reserve Bank's preferred measure of underlying, the trimmed mean, rose from 2.7 per cent over the year to March, to 2.8 per cent in April.
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