Bunnings reveals underpayment bill of $6.1 million

Bunnings reveals underpayment bill of $6.1 million

In late September,the popular retailer admitted it had failed to pay a number of its workers superannuation,blaming an error in its payroll system.

  • byDominic Powell

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Retailers call for right to vet proxy firms'research

Retailers call for right to vet proxy firms'research

The push comes amid a wave of retaliation from corporate Australia against proxy advisers.

  • byDominic Powell
Local stocks near record high after RBA's dovish tone spurs investors

Local stocks near record high after RBA's dovish tone spurs investors

The ASX 200 has crashed through 6800 points as traders rushed into stocks after notes from the RBA's last meeting firmed the likelihood of further rate cuts.

  • byLucy Battersby
Investors don't'blindly follow'proxy firms,$430b fund manager declares

Investors don't'blindly follow'proxy firms,$430b fund manager declares

A top executive at a $430 billion funds management powerhouse that owns shares in Harvey Norman and Wesfarmers has hit back at criticism of proxy advisers

  • byDominic Powell
Complex payroll holding back Wesfarmers payments to underpaid staff

Complex payroll holding back Wesfarmers payments to underpaid staff

Managing Director Rob Scott said no payments had been made yet and conceded some would be made in 2020 but they would'accelerate'the process and attempt to get money owed to existing staff before Christmas.

  • byHamish Hastie
Wesfarmers dodges strike as chairman slams'frustrating'pay deal

Wesfarmers dodges strike as chairman slams'frustrating'pay deal

Wesfarmers has narrowly avoided a first strike at its AGM after its executive pay package was earlier criticised as'excessive'by proxy firm ISS.

  • byDominic Powell andHamish Hastie
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'Sad'Catch to selling $200m business to Wesfarmers
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Entrepreneur

'Sad'Catch to selling $200m business to Wesfarmers

Catch co-founder Gabby Leibovich is investing some of the $207 million he and his brother walked away with from the sale in payments startup PayK.

  • byCara Waters
Wesfarmers faces protest vote as adviser attacks CEO's'very high'pay

Wesfarmers faces protest vote as adviser attacks CEO's'very high'pay

The prospect of a protest vote looms over next week's Wesfarmers AGM,after proxy firm ISS urged investors to vote against its'excessive'executive pay deal.

  • byDominic Powell
Woolworths underpayment sparks payroll audits at David Jones and Metcash

Woolworths underpayment sparks payroll audits at David Jones and Metcash

Australian retailers have been spooked into action following Woolworths'record $300 million admission of underpayment.

  • byDominic Powell
Missing target:Battle to the death for bargain retailers

Missing target:Battle to the death for bargain retailers

Can both of Wesfarmers'discount stores Kmart and Target survive the decade?

  • byDominic Powell
Worker underpayment at Woolworths sparks calls for company payroll audits

Worker underpayment at Woolworths sparks calls for company payroll audits

Tackling underpayment of wages needs to start at the company board level,say stakeholders.

  • byAnna Patty