amazon retail threat

Amazon Retail Threat Is Real To Woollies CEO | Interview by Peter Ryan ABC

Woolworths has posted a $1.5 billion full-year profit, but reported a loss for its troubled Big W retail chain. Chief executive Brad Banducci says Woolworths like other retailers is also watching the arrival of Amazon closely. Catherine Wood, chief executive of the US-based advisers Ark Invest focuses on nothing but disruptive innovation in America. Ms Wood spoke with the ABC’s Peter Ryan.

Tax Office reveals size of underpayment of super for the first time

There is a $2.85 billion-a-year shortfall in what employers should be paying their employees in super.For the first time, the Tax Office has estimated the shortfall by comparing what employers should be paying with how much actually ends up in the super funds of their employees. Source: Tax Office reveals size of underpayment of super

The great unpaid super swindle | The Saturday Paper

  Employers are denying their workers almost $3 billion in unpaid superannuation each year, according to new estimates from the Australian Tax Office. The ATO believes employers have withheld $17 billion in super since 2009, and that the practice is becoming more widespread. The office has also admitted its own shortcomings in catching non-compliant businesses, revealing it