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Ian Henschke Chief Advocate for National Seniors Australia emphasises that the work bonus for pensioners should just be the beginning of national reforms | A Current Affair

Ian Henschke from National Seniors Australia. I think we need to recognise that we’ve got a jobs crisis in Australia, 450,000 plus jobs going begging and we’ve got 4.5 million Australians over 65. Ian says the work bonus should just be the beginning of major reforms in the system. He’d like to see Australia follow in the footsteps of New Zealand, where pensioners can work as much as they like without losing benefits. New Zealand has a workforce participation rate of 71%, we’ve got 66%, they’ve got 5% more of their population working and most of it is older workers. That’s where they’re getting their workforce from. Let’s take the handbrake off the economy and let those pensioners work and let those retirees work.

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Let people work | by Ian Henschke | Chief Advocate National Seniors Australia

AUSTRALIA is facing a workforce crisis it’s never seen before. Job vacancies are approaching half a million, dragging business and economic growth down and fuelling a cost-of-living crisis. The hardest hit sectors include agriculture, hospitality, mining, tourism, and the caring industries. The Federal Government has raised the yearly permanent migration quota by 35,000 – but workforce shortages are not going to be solved by immigration alone. We need to boost participation and support people with limited income and savings to earn more. We also need to boost tax revenue to pay for health, aged care, and other social services. To fix these economic and socioeconomic challenges we must “let people work”.

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Billionaire Gina Rinehart gives away millions to workers in birthday raffle

Gina Rinehart will shower Hancock Prospecting staff with $4.1 million in bonuses. The mining billionaire will celebrate her 69th birthday by giving 41 lucky Hancock Prospecting workers $100,000 each, as part of a $4.1 million raffleThe 41 cash prizes represent each of the 41 years she has worked at Hancock Prospecting, which she now controls in her role as executive chairperson. Giving away small slices of her personal fortune is nothing new for Rinehart. She is known for splashing cash in worker giveaways around Christmas.

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Gina Rinehart will give $4.1 million in bonuses to 41 staff in raffle

Australia’s richest person, said to be worth $34 billion, will hand $100,000 each to 41 lucky workers at her company, Hancock Prospecting, to mark her 41 years at the firmMrs Rinehart has been paying out bonuses worth many tens of thousands of dollars a year on top of some of the highest wages in Australia to Roy Hill workers in the countdown to Christmas since 2018. She first flagged sharing profits (something like 5 per cent) from Roy Hill with workers during a speech during the Commonwealth Heads of Government Meeting in Perth in 2011 and long before the mine started shipping iron ore. Similar incentives and profit-sharing schemes apply across the rest of the Hancock business empire but are more discretionary.

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Australia’s richest person Gina Rinehart is giving away $100,000 bonuses to workers to mark her 41 years at her company

Australia’s richest person Gina Rinehart will hand out another $4.1million in bonuses to employees of her mining company as she marks 41 years at the firm. Ms Rinehart will give 41 Hancock Prospecting staff members $100,000 each this week, with a raffle to determine the lucky recipients. Rinehart has thanked her workers for ‘another great year’ and said all of Australia benefits when her mine thrives.

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Rinehart gives away millions to workers in birthday raffle

Australia’s richest person is set to give away 41 prizes in all, or $4.1 million, with about 4000 workers spread across her private company’s mining, energy and agriculture divisions in the running“The mining industry pays by far the highest wages in Australia, close to double the average in other industries. Why would we risk this vital industry for our nation by reintroducing an unhelpful system that didn’t work the last time we had it?” Mrs Rinehart said in a recent response to questions from The Australian Financial Review.

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Gina Rinehart’s agriculture workers in line for big lottery prizes to mark her birthday

Those 41 prizes represent one for each year Ms Rinehart has worked at Hancock Prospecting. The 4000 workers employed by her companies in mining, energy and agriculture divisions are in the running. Although her fortune is built on iron ore mining, through Hancock Agriculture and S Kidman and Co, Ms Rinehart is both one of the biggest landowners in Australia and owner of one of its biggest cattle herds.

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