Yahoo Finance ASX flat, super changes and 5 other things to start your day
ASX: The local share market is expected to have a subdued start to the day after a mixed session on Wall Street over the weekend.
Jobs: Nurses, paramedics and teachers in NSW could miss out on more than $10,000 over the next three years as a result of the state's 3 per cent wages cap.
A Unions NSW report found the public sector pay cap will leave a nurse worse off by $10,136, a paramedic by $10,281 and a teacher by $12,806, when adjusted for inflation between now and 2026.
Parental leave: A parent-advocacy body is calling for the federal government to reform paid parental leave and scale it up towards a full year between carers.
The Parenthood CEO Georgie Dent is also calling for a six-week "use it or lose it" provision in the 26-week leave scheme in a bid to incentivise men to use their entitlement.
Super changes: Australia's superannuation system is facing an overhaul, with the government looking at ways to block the early release of retirement money.
Treasurer Jim Chalmers will use a speech today to propose further protections for superannuation to safeguard retirement savings. Australians pulled out around $36 billion from their retirement funds during the pandemic.
Underpaid: Higher-education workers were underpaid by at least $83 million over the past three years.
The University of Melbourne topped the list, underpaying workers by about $31.6 million. The University of Sydney came in second with about $12.7 million owed to workers, followed by RMIT with $10 million.
Housing crisis: Australia's top construction lobby is calling on state and territory governments to release more land to boost housing supply.
Master Builders Australia said the federal government should incentivise states and territories by offering financial payments to those who helped increase supply as well as implement planning and tax reform on new homes.
Wrapping up: The final round of hearings of the robodebt royal commission is set to get underway today, probing what ministers' offices knew about the legality of the scheme.
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