Employee Benefits in Australia 2019

2019-07-01
Price :
Published : Jul-2019
No. of Pages : 57

Employee Benefits in Australia 2019

Summary

The report provides in-depth industry analysis, information and insights of the employee benefits in Australia, including: overview of the state and compulsory benefits in Australia, detailed information about the private benefits in Australia, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Australia.

Australia has one of the most developed and well-established welfare systems. In order to ensure decent living conditions for its citizens, the Australian government operates various welfare schemes. The main outgoing expenditures of the Australian government include income support payments and the payment of expenditures to families, including retirement benefits and other pensions. The Australian pension system is divided into three pillars: the first is funded through general taxation revenue with a flat rate benefit regardless of the individual’s previous earnings; while a superannuation guarantee forms the second pillar, which is a mandatory concessional-taxed savings system; and the third pillar is a voluntary superannuation contribution system assisted by tax concessions. The Australian social security system also supports unemployed people with the new start allowance. People who are unable to support themselves through work or savings are supported through payments such as family tax benefit, supplementary payments and income support payments. The allocation of payments is based on the means testing of the individual’s income and assets.

Key Highlights

– The social security system of Australia covers people belonging to different sections, including the labor force and unemployed people.
– Concession cards are additional assistance provided to people who receive income support and other people receiving a low income.
– The Department of Human Services (DHS), through Centre link, administers the social security law of Australia.
– All social security benefits are regulated by the consolidated Commonwealth Acts of Australia.

Scope

This report provides a detailed analysis of employee benefits in Australia –
– It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
– It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, leave and private benefits
– It highlights the economic and regulatory situations relating to employee benefits in Australia

Reasons to buy

– Make strategic decisions using in-depth information related to employee benefits in Australia.
– Assess Australian employee benefits market, including state and compulsory benefits and private benefits.
– Gain insights into the key employee benefit schemes offered by private employers in Australia.
– Gain insights into key organizations governing Australian employee benefits, and their impact on companies.

Filed in: Banking & Finance, Insurance
Publisher : GlobalData
More Reports
Title Price Buy Now

Governance, Risk and Compliance – The New York Insurance Industry

Governance, Risk and Compliance - The New York Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The New York Insurance Industry' report is the result of extensive research into the insurance regulatory framework in New York. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal......
$950

Governance, Risk and Compliance – The Norwegian Insurance Industry

Governance, Risk and Compliance - The Norwegian Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The Norwegian Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Norway. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal......
$950

Belgium Wealth Management: Market Sizing and Opportunities to 2022

Belgium Wealth Management: Market Sizing and Opportunities to 2022 Summary Based on our proprietary datasets, this report analyzes Belgium's wealth and retail savings and investments markets, with a focus on the high net worth (HNW) segment. This includes the overall affluent market size (both by the number of individuals and the value of their liquid assets) as well as a breakdown of liquid vs. illiquid HNW holdings. The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by asset classes including deposits, mutual funds, equities, and bonds. Steady economic growth, high levels of affluence, and Belgium's economically strategic location make the country an attractive market to operate......
$3450

Estonia Cards & Payments: Opportunities and Risks to 2023

Estonia Cards & Payments: Opportunities and Risks to 2023 Summary GlobalData's 'Estonia Cards & Payments: Opportunities and Risks to 2023' report provides detailed analysis of market trends in the Estonian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cards, and cheques during the review-period (2015-19e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. The report brings to......
$2750

Governance, Risk and Compliance – The Central African Republic Insurance Industry

Governance, Risk and Compliance - The Central African Republic Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The Central African Republic Insurance Industry' report is the result of extensive research into the insurance regulatory framework in the Central African Republic. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming cha......
$950

Indonesia Cards & Payments: Opportunities and Risks to 2023

Indonesia Cards & Payments: Opportunities and Risks to 2023 Summary GlobalData's 'Indonesia Cards & Payments: Opportunities and Risks to 2023' report provides detailed analysis of market trends in the Indonesian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cards, cash, and cheques during the review-period (2015-19e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. The report brings together......
$2750

Egypt Insurance Industry: Key Trends and Opportunities to 2023

Egypt Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Egypt Insurance Industry: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Egyptian insurance industry. GlobalData's 'Egypt Insurance Industry: Key Trends and Opportunities to 2023' report provides a detailed outlook by product category for the Egyptian insurance industry. It provides values for key performance indicators such as written premium, investments, density, loss ratio and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Egyptian economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving i......
$995

Governance, Risk and Compliance – The Chilean Insurance Industry

Governance, Risk and Compliance - The Chilean Insurance Industry Summary GlobalData's 'Governance, Risk and Compliance - The Chilean Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Chile. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal syst......
$950

Pakistan Cards & Payments: Opportunities and Risks to 2023

Pakistan Cards & Payments: Opportunities and Risks to 2023 Summary GlobalData's 'Pakistan Cards & Payments: Opportunities and Risks to 2023' report provides detailed analysis of market trends in the Pakistani cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, direct debits, and cheques during the review-period (2015-19e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2019e-23f). It also offers information on the country's competitive landscape, including market shares of issuers and schemes. The report bri......
$2750

Enterprise Tech Ecosystem Series: Goldman Sachs

Enterprise Tech Ecosystem Series: Goldman Sachs Summary This report provides insight into Goldman Sachs' fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budgets, and its major ICT contracts. Goldman Sachs is a financial services provider that offers investment banking, securities, and investment management services to a large and diversified customer base, including financial institutions, governments, corporations, and individuals. Its operations are split into Investment Banking, Institutional Client Services, Investment Management, and Investing and Lending divisions. The group invests in technology companies worldwide through different groups within the firm. They include Goldman Sachs Growt......
$1295
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy