News Corp Australia admits to underpaying staff by $1.5m
News Corp Australia underpaid the superannuation of current and former staff by approximately $1.5m as a result of payroll system errors.
The error was reported to the Australian Taxation Office (ATO) after it was discovered by the media company.
News Corp Australia has underpaid its staff by up to $1.5m
Oh the irony
https://www.news.com.au/national/virtue-signalling-companies-are-failing-at-their-own-responsibilities/video/4ae07df7bf26a2966f51e337b5abe1a3
Wait until the Fair Work Ombudsman finds out about all the unpaid overtime at News Corp!
I wonder how far back it goes….hopefully 6 years!
Meanwhile, check out how much the men in charge paid themselves:
https://www.michaelwest.com.au/revealed-how-the-murdoch-men-looted-1-4-billion-in-salary-from-public-companies/
I also look forward to the inquiry into News Corp over-paying C-level staff relative to performance.
News Corp payroll department has been a shambles since it was moved to one central department in 2012 and nobody seems to be accountable for all the issues.
They missed paying Rupert?
News Corps default super fund for staff is a very low performing private fund ie not an industry fund.
There is no reason why funds cannot be allocated to a Super fund of the staff members choice, mine were allocated my my pre-existing fund…