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Toll strikes deal with TWU

The Toll Group and the TWU have reached an "in principle" agreement for the company's 10,000-strong workforce, delivering a potential pay increase of 15.25% over four years and a commitment to maintain employer super contributions at 3% above the statutory minimum.

Private sector wage growth eases

Wage growth in private sector agreements lodged in the June quarter has dropped to 3.5% a year, well below the post-GFC average of about 3.9%, according to new data released by DEEWR today.

Central bank's 3.8% headline pay rise well above 3% federal wages cap

Almost 700 Reserve Bank employees have won annual average pay rises of 3.83% a year with the potential for more from a 2% annual bonus pool and a "career increment" pool that has been set at about 1% for the first year, under a new agreement with the FSU.