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Tax commissioner Chris Jordan: "The systems did work, no access was gained. It was a tax crime covert operation on our ...

Man who audits the tax office may review ATO

Tax commissioner Chris Jordan has announced an internal review of the Tax Office's policies and procedures following news that one of its highest ranking officers, Michael Cranston, allegedly abused his position as a public official.

The number of people aged over 65 will increase from 600 million today to 2.1 billion in 2050.

World is sitting on a pensions time bomb: WEF

The retirement funding gap is expected to grow to the equivalent of $400,000 per person by 2050, adjusted for wage inflation, which is larger than the size of the global economy. Australia is one of the six countries with the biggest pensions.

There is a need for random audits of bosses to better detect unpaid super, the review said.

Time for 'random audits' of bosses

Random audits of employers would be a more proactive approach in chasing down billions of dollars of unpaid superannuation, often to the nation's most vulnerable workers, says Inspector-General of Taxation Ali Noroozi.

Malcolm Turnbull: "If we don't sell [coal] to [India], someone else will.''

Labor-lite budget ticks all the boxes for Turnbull

For students of the politics of economics – my special subject – this clothes-pinching budget has been a feast. Oh no, it's "Labor-lite". Shocking! Actually, it's a budget that ticks all the boxes for Malcolm Turnbull and, by extension, his parliamentary followers – something their silent acquiescence suggests they realise.

Workers' average pay rises fail to keep up with the rising cost of living.

Australian wages stall at all-time low

Total hourly rates of pay, excluding bonuses, rose by 0.5 per cent in the March quarter, the latest ABS figures show, matching market expectations.