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
A News Corp Australia spokesperson confirmed the error to Mumbrella and said it was discovered during a review of the superannuation contributions by the business.
“The majority of impacted employees had total underpaid super of less than $250. The total shortfall is about $1.5million and about 2500 past and present employees are affected,” said the spokesperson.
“News Corp sincerely apologies to those affected and will be writing to them this week advising that we will arrange for a payment, with interest, to be made into their super fund to rectify the shortfall.
“The review also found that in some instances, employees were overpaid in their gross salary and wages but News Corp will not be seeking to recover these monies.
“The shortfalls were the result of inadvertent payroll system errors and News has taken appropriate measures to address them.”
News Corp is just the latest in a number of employers in Australia to underpay workers, with both Coles and Woolworths, the ABC and Commonwealth Bank admitting to errors.
Oh the irony
https://www.news.com.au/national/virtue-signalling-companies-are-failing-at-their-own-responsibilities/video/4ae07df7bf26a2966f51e337b5abe1a3
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Wait until the Fair Work Ombudsman finds out about all the unpaid overtime at News Corp!
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I wonder how far back it goes….hopefully 6 years!
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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/
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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.
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I also look forward to the inquiry into News Corp over-paying C-level staff relative to performance.
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They missed paying Rupert?
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News Corps default super fund for staff is a very low performing private fund ie not an industry fund.
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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…
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