Markets

DATABASE: How much your super fund pays its directors and charges for expenses

Australia’s superannuation system is under pressure, being criticised in an investigation by the Productivity Commission and facing questioning in the financial services royal commission this week. The Productivity Commission says Australians are being bamboozled by superannuation, losing them billions every year in high fees, low returns and expensive insurance. Structural […]
DATABASE: How much your super fund pays its directors and charges for expenses
Markets

The most common dodgy work expense claims made by Australians

More than half of Australian employees (58%) think its okay to fudge their work expense claims as long as they are sensible about it, according to global research Among the more outrageous claims made are for anniversary dinners and condoms, according to a survey by expense management software maker webexpenses. […]
The most common dodgy work expense claims made by Australians
Tech

Xero just dumped its expenses system and rebuilt it from the ground up

Anyone working in a corporate environment would know the pain of submitting their expense reimbursement claims. Recognising the universal dislike of the activity, accounting software provider Xero has decided to ditch its old system and built a new one from scratch. The company’s founder chief executive Rod Drury revealed the […]
Xero just dumped its expenses system and rebuilt it from the ground up
News

CHART: How much MPs are spending on office fit-outs

Global software company Qlik recently compiled this interactive graph looking at the expenses of some of Australia’s MPs: According to data compiled on MP expenditure from January 1 to June 30 2015, you can see office fit-outs made up a surprising bulk of expenses for many MPs, especially those with […]
CHART: How much MPs are spending on office fit-outs
News

MPs are now allowed to hire helicopters

Hiring a helicopter will be allowed, when their use can be justified, under new rules for Federal MP expenses. A formal review of expense policy, sparked by controversy over former Speaker Bronwyn Bishop’s use of a chartered helicopter to attend a Liberal Party function, has found that the rules on […]
MPs are now allowed to hire helicopters