THE NEWS WRAP: The Australian dollar is on track to reach parity with the US dollar

Business is facing a period of hard bargaining with unions pushing for pay increases above inflation rates and superannuation contributions above the statutory 9%. Retailers and food producers are set to be those most affected by the unions’ demands, according to the Australian Financial Review. Meanwhile, the superannuation industry has claimed that the […]

Emma Krieger 26 September, 2010

Business is facing a period of hard bargaining with unions pushing for pay increases above inflation rates and superannuation contributions above the statutory 9%.

Retailers and food producers are set to be those most affected by the unions’ demands, according to the Australian Financial Review.

Meanwhile, the superannuation industry has claimed that the number of people hit by the excess super contributions penalty will soar.

Clothing retailers want normal Christmas

All that clothing retailers want for Christmas is a ‘normal’ trading period, to negate the need for damaging discounting, according to The Australian.