Antony Green says Canberra's knowledge of its candidates has helped independent Jessie Price in her campaign for Bean.
Antony Green says Canberra's knowledge of its candidates has helped independent Jessie Price in her campaign for the ACT seat of Bean.
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News.com.au
an hour ago
- News.com.au
Renumeration Tribunal sets 2.4 per cent pay rise for MPs, Anthony Albanese to pocket extra $14.5k
Anthony Albanese and other politicians are set for a plumped-up pay packed in just weeks, with the Prime Minister's salary jumping from about $607,471-a-year to $622,050. Politicians, department secretaries and other senior public servants will get a 2.4 per cent pay rise from July 1, following the determination of the 2025 Review of Remuneration for Holders of Public Office. The statement issued by the Remuneration Tribunal on Wednesday noted that the total remuneration increases given in the past year have been 'relatively modest,' totalling 18.65 per cent since 2016. While the 2.4 per cent pay bump matched inflation, it is under the 3.4 per cent wage-price index for the public sector, and less than the 3.4 per cent and 4 per cent increases awarded by the Tribunal in 2024 and 2023 after salaries stalled during the Covid pandemic. 'In contrast, remuneration increases more generally in the public and private sectors (based on overall March Wage Price Index data from 2016-2025) equate to 25.6 per cent,' the statement said. The 2.4 per cent boost was also lower than the Fair Work Commission's Annual Wage Review which determined a 3.5 per cent above-inflation increase to the minimum wage and Australians on modern award wages. A backbencher will see their salary increase from about $233,660 to $239,267, while Sussan Ley will get a boost of $10,374 to $442,643. Jim Chalmers' annual pay will be boosted to $448,625, a bump of $10,514 while cabinet ministers will receive an uplift of $4065 to $412,735. Politicians are also given an electorate allowance which covers expenses incurred to 'provide services to their constituents' such as travelling, in additional to a private plated vehicle. Senators get a flat rate of $39,700 per year, while MPs are given between $39,700 to $57,100 depending on the size of their electorate.
News.com.au
2 hours ago
- News.com.au
‘Should be worried': Mark Bouris' superannuation warning to young Aussies
Millionaire businessman Mark Bouris has warned 'every young person' in Australia 'should be worried' as debate rages over Labor's superannuation tax changes. From July, 12 per cent of most workers' wages will be paid into their superannuation fund (a 0.5 per cent increase from the current amount). Treasurer Jim Chalmers' proposed changes, known as Division 296, would double the rate of tax levied by the government from 15 per cent to 30 per cent for superannuation balances over $3 million. Only around 80,000 Australians, or 0.5 per cent of the population, currently have super balances above $3 million, but industry groups have warned that if the threshold is not indexed to inflation it could eventually capture the majority of Gen Zs entering the workforce today. Mr Bouris joined the chorus in the latest episode of his Mentored+ podcast, arguing Labor's super tax on unreleased gains will put more – not less – pressure on young people. 'Every young person in the country should be worried about this, and I'll tell you why: because every old person in the country has experienced building their superannuation up with only 15 per cent tax rate from day 1, for the last 30, 40 years, since (then-Prime Minister Paul) Keating introduced it in the early '90s,' he said. Compulsory employer contributions to superannuation were introduced by Mr Keating in 1992, at the time requiring them to kick in 4 per cent. According to a recent study by the Association of Superannuation Funds of Australia (ASFA), some $4.2 trillion of superannuation is held by Australian workers, while household savings have been boosted by more than $500 billion since compulsory super's inception. 'We've had this, all of us had this fantastic low-tax situation with the money we earn in our super fund,' Mr Bouris said. 'Now, young people who accumulate more than $3 million worth of assets – and they will – will not have the same benefits that everyone else has had since Keating introduced this legislation.' Mr Bouris suggested the former leader 'must be just feeling completely demoralised and probably, to some extent, betrayed' by the expected changes, which he described as 'the envy of the rest of the world … put there to take the strain off government'. Last August, Mr Keating warned the 'unconscionable' doubling of tax on retirement savings could turn superannuation into a low- and middle-income pension scheme and damage community confidence in the system he had created. 'All (Labor's changes) is going to do is put more strain on government when people retire, because people are not going to retire with enough money because they are going to be paying too much tax – and the people who are going to be affected by that most is anyone starting work today, any new young person,' Mr Bouris continued. 'So if you're a young person and you're saying, 'Oh, this is great', because you're gonna get rich people to transfer the wealth across to the younger people – uh-uh. 'You will be transferring it to your kids – and it's going to keep going like that forever, and this $3 million at some period of time will be worth, like, $100k, like a hundred grand's-worth today, because the time value of money just keeps creeping and creeping and creeping.' Labor first announced the crackdown on tax concessions for very large super balances in 2023, but the legislation was blocked by the previous Senate. The changes – expected to initially claw back $2.7 billion a year and nearly $40 billion over a decade – now look likely to become law as a deal with the Greens looms. 'What we need to do is make sure that our superannuation system is fair,' Prime Minister Anthony Albanese said last week. 'That is what we are setting out to do.' Division 296 will also be applied to defined benefit pensions — an older style of superannuation scheme that was common in public sector and local government workplaces until the 1990s. A defined benefit pension guarantees the amount you will receive in retirement. The move to include it in the new tax changes are to ensure 'commensurate treatment' as high-balance super funds — although unlike super account holders, those eligible will be able to defer the payments until they retire. Interest will be charged annually on the deferred tax liability at the 10-year bond rate, currently at around 4.5 per cent. Treasury estimates that 10,000 members with defined benefit interests will be impacted by the new tax in 2025-26, 'representing approximately 1 per cent of the total population with DB interests'.
Daily Telegraph
2 hours ago
- Daily Telegraph
Delivery driver calls out act that Aussies are sick of
Don't miss out on the headlines from Eat. Followed categories will be added to My News. A former paramedic and One Nation candidate has slammed a delivery driving act since turning to DoorDash after stepping away from politics. Cody Scholes is working as a DoorDash employee as his pressure washing business has been slow and he spent thousands on his last campaign. He took a moment to reflect on a key difference between his current job and said when he was a paramedic, saying he was accustomed to people bending over backwards to be kind to him. 'But since I've been DoorDashing, I realise now that people will only be nice to you or treat you with respect if they think that it benefits them,' he said. Mr Scholes claimed DoorDash workers were some of the lowest paid in the country, with a high migrant workforce. Cody Scholes has expressed his shock in how people treat DoorDash drivers. Picture: TikTok/@ 'And the way that people in customer service and restaurants treat us is terrible. It's quite embarrassing for them, I would think, because why, if you're having a bad day, do you feel like you can take it down on people who are some of the lowest paid in the country,' he said. The paramedic turned delivery driver believes that how people treat others when they think they can't get anything from them says a lot about an individual. Mr Scholes called the experience 'disappointing' and said the more he engaged with people in customer service roles, the more he felt let down. He said he was used to being ignored, with staff sometimes turning away from him or berating him over what the customer ordered. Mr Scholes said he had been in customer service roles his entire life and would never treat someone that way. 'It's no surprise to me why so many people in our community feel lonely, feel invisible and feel worthless when you have to go out every day and interact with a society that is so hostile,' he said. Fellow delivery drivers weighed in with similar negative experiences. 'I am a female DoorDash driver in my 40s and I have never been treated so badly in my life. I have a university degree and have been a store manager at Myer in charge of 300 staff,' one said. 'Some staff in KFC and McDonald's just ignore me even though the order is ready they know I am there to pick it up, they make me wait 15 minutes purposely ignoring me then the customers get cold food and I get a bad review.' He's been DoorDashing to reclaim funds after a failed political bid. Picture: iStock One said: 'As an ex-ambo, it annoyed me that people would be so nice to me when I had the uniform on, yet as a middle aged overweight female in normal clothes I was ignored completely.' ️ 'I used to be an uber eats driver for extra income and I have so many story times about people being rude. But also, there were heaps of lovely people too. I would get more nice people than rude. But the rude moments were eye opening,' another commented. Someone else weighed in: 'The way that food drivers at legit doing god's work. Interesting perspective and I love hearing you share.' One wrote: 'This is sad … I tip all my delivery drivers two dollars. They are so shocked and I say well I'm old-fashioned have a great day and I can see they love it but now I realise why because they treated so poorly.' contacted DoorDash and Mr Scholes for comment. Originally published as Delivery driver calls out act that Aussies are sick of
