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☆ Gina Rinehart, a mining magnate worth $22 billion, wants her portrait removed from an Australian gallery
▼ + stars: | 2024-05-16 | by ( George Glover | Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Australia's richest woman has demanded an unflattering painting of her be taken down. The portrait, by Vincent Namatjira, shows mining magnate Gina Rinehart with a double chin. The National Gallery of Australia and Namatjira have both rejected Rinehart's request. AdvertisementAustralia's richest woman wants a portrait of her taken down from the country's national gallery, outlets including the Sydney Morning Herald reported. Both mining magnate Gina Rinehart and associates at her company, Hancock Prospecting, have made multiple approaches to the gallery with the demand, the newspaper reported.

Persons: Vincent Namatjira, Gina Rinehart, — Organizations: of Australia, Service, Sydney Morning Herald, Nations, National Gallery of Australia, Business

☆ Australia’s ‘world’s oldest’ loong: Vandals target the Chinese parade dragon in an Australian museum
▼ + stars: | 2024-05-16 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

CNN —Australian police are seeking two people for allegedly vandalizing a century-old Chinese parade dragon and other valuable artefacts at a museum in a small town known for its historic links to China. The vandalism took place last week at the Golden Dragon Museum in Bendigo, about 100 miles northwest of Melbourne, according to the police and head of the museum. Golden Dragon MuseumBendigo, currently a city of some 100,000 people, has had Chinese residents for more than a century. To this day, a large dragon parade is held every Easter to raise money for a local hospital. The Golden Dragon Museum was opened in 1991 “to document, interpret and preserve the Chinese heritage in Australia” according to the museum’s website.

Persons: Toyota Prado, ”, Loong, “ Loong, Dai, “, Hugo Leschen, Sun Loong, Leschen, Yi Organizations: CNN, Australian, Dragon Museum, . Victoria Police, Toyota, “ Investigators, Golden Dragon Museum Bendigo, Miners, Bendigo Tourism, Dragon, Yi Yuan, Nine, Chinese Community Council of Australia Locations: China, Bendigo, Melbourne, Australia, Victoria, Yi Yuan Chinese

☆ A $1.35 billion lottery winner's own father turned against him in a messy family lawsuit
▼ + stars: | 2024-05-14 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Read previewA lawsuit brought by a $1.35 billion lottery winner against the mother of his child has taken a new twist, with the winner's own father siding with the defendant. AdvertisementDoe has sought to maintain his anonymity, but claims that the woman — named pseudonymously as "Sarah Smith" — told his father, leading to several other family members finding out. In response, Smith's lawyers point out that Doe's own motion said that he'd "made the mistake" of telling his father. This, Smith's lawyers said, "knocks the struts out from under his complaint." Smith's lawyers accused Doe of pursuing her through a baseless, costly, and intimidatory court battle because she would not agree to get back together with him.

Persons: —, John Doe, Doe, Sarah Smith, Smith's, Doe's, Smith, stepmom, It's Organizations: Service, Business, Daily Locations: Maine

☆ The 6-time Fittest Woman on Earth is training to reclaim her title at the CrossFit Games. People doubt her strength as a new mom — and she's using it as motivation.
▼ + stars: | 2024-05-13 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +4 min

Tia-Clair Toomey-Orr, six-time Fittest Woman on Earth, is returning to the CrossFit Games this year. The six-time Fittest Woman on Earth skipped the 2023 CrossFit Games after she gave birth to her daughter Willow last May. NobullToomey-Orr sets small training goals for herselfWatching the 2023 CrossFit Games from the sidelines in August was tough for Toomey-Orr, she previously told BI. While Willow regularly watches her mother training, Toomey-Orr isn't going to push her daughter into CrossFit as a career. Like winning the CrossFit Games six times, taking a year off to have a baby, and getting straight back to it.

Persons: Tia, Clair Toomey, Orr, —, Willow, Toomey, she's, Nobull Toomey, It's, Goruck, Orr isn't Organizations: Service, Games Locations: Nashville, CrossFit

☆ Australia's budget is expected to target housing crisis as prices keep climbing
▼ + stars: | 2024-05-13 | by ( Vivien Soo | ) www.cnbc.com time to read: +6 min

Recent reports indicate that Australian home prices are set to continue their upward trend, driven by increasing migration rates and a shortage of housing supply. Treasurer Jim Chalmers is set to deliver the budget on Tuesday, which is expected to focus on addressing the nation's housing crisis. The Albanese government has already said it plans to allocate 88.8 million Australian dollars ($58.7 million) to train 20,000 local workers for the construction and housing sector. The National Housing Supply and Affordability Council (NHSAC) said Australia's limited housing supply has been further stretched by a number of factors, including "the resumption of migration at pace, rising interest rates, skills shortages, elevated construction company insolvencies, weak consumer confidence and cost inflation." She also said high housing prices have "ugly" long-term effects.

Persons: Andrew Merry, Eliza Owen, Jim Chalmers, Albanese, Peter Dutton, Owen, CoreLogic's Owen Organizations: Australia, Reserve Bank, Australian Bureau, Statistics, CoreLogic, ABS, Housing Supply, Authorities, Australian Bureau of Statistics Locations: North Bondi, Sydney, Australia, CoreLogic Australia

☆ Elon Musk's X scores a win in his feud with Australia
▼ + stars: | 2024-05-13 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +1 min

Elon Musk won a legal victory in Australia Monday about content moderation. The fight revolves around footage on X of a church stabbing in a Sydney suburb. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Australian court handed Elon Musk a victory Monday in what he described as an ongoing fight for "free speech." X had opposed the block, which was initially ordered on April 22, the Australian Broadcasting Corporation reported.

Persons: Elon Musk, —, X Organizations: Elon, Australia, Service, Australian Broadcasting Corporation, Business Locations: Sydney

Learn moreThe 2024 Giro d'Italia is well underway, with the first two weekends of the competition officially complete. We've gathered everything to know about where to watch Giro d'Italia, including a free live stream. Shop at MaxWhere to watch Giro d'Italia in the UKDiscovery+ will show the 2024 Giro d'Italia races in the UK. Where to watch Giro d'Italia in ItalyRai Sport will carry live streams for every stage of this year's Giro d'Italia for fans in Italy. Where to watch Giro d'Italia in AustraliaGiro d'Italia will stream on SBS in Australia.

Persons: Primož Roglič, Val Fortore, Max, HBO Max, it's, ExpressVPN Organizations: Business, Tour de France, de France, SBS, RAI, Giro, HBO, Warner Bros, Italy Rai Sport Locations: Italy, Australia, ExpressVPN, Mare, Fano, Australian

☆ Musk wins court reprieve in fight against Australian government over church stabbing videos
▼ + stars: | 2024-05-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Elon Musk's social media platform X won a reprieve Monday after an Australian court refused to extend a temporary order to block videos of a Sydney church stabbing. Following the incident, the country's eSafety Commissioner was granted a temporary legal injunction ordering X to hide posts that showed footage of the attack. In an interview last month, Albanese said Musk thinks "he's above Australian law" and called him out for his "arrogance." "The e-Safety Commissioner has made a ruling. Still, online safety "requires platforms to do everything practical and reasonable to minimize the harm it may cause to Australians," the eSafety Commissioner added.

Persons: Elon Musk, The Beverly Hilton, Elon, Bishop Mar Mari Emmanuel, Musk, Anthony Albanese, Albanese, " Albanese Organizations: SpaceX, Tesla, The Beverly, eSafety, Tech Locations: Beverly Hills , California, U.S, Sydney

☆ Former US Marine pilot arrested in Australia worked with Chinese hacker unknowingly, lawyer says
▼ + stars: | 2024-05-12 | by ( ) edition.cnn.com time to read: +3 min

CNN —A former US Marine pilot fighting extradition from Australia on US charges of training Chinese military pilots to land on aircraft carriers, unknowingly worked with a Chinese hacker, his lawyer said. The lawyer’s filing supports Reuters reporting linking Duggan to convicted Chinese defense hacker Su Bin. The case will be heard in a Sydney court this month, two years after his arrest in rural Australia at a time when Britain was warning its former military pilots not to work for China. Su Bin, arrested in Canada in 2014, pleaded guilty in 2016 to theft of US military aircraft designs by hacking major US defense contractors. Duggan asked Su Bin to help source Chinese aircraft parts for his Top Gun tourist flight business in Australia, Collaery wrote.

Persons: CNN —, Daniel Duggan, Duggan, Su Bin, Bernard Collaery, Mark Dreyfus, Collaery, Su Bin “, ”, AVIC, “, Mr Duggan Organizations: CNN, US Marine, Reuters, Gun, Australian Security Intelligence Organisation, US, AVIC, ASIO, US Navy Criminal Investigation Service, United Locations: Australia, Australian, Beijing, Sydney, Britain, China, Canada, United States, Australia’s Tasmania, backdated

☆ Australia’s Qantas to pay $79 million to settle ‘ghost flights’ case
▼ + stars: | 2024-05-06 | by ( ) edition.cnn.com time to read: +2 min

Sydney — Qantas Airways has agreed to pay 120 million Australian dollars ($79 million) to settle a lawsuit over the sale of thousands of tickets on already canceled flights, in an attempt to end a reputational crisis that has engulfed the airline. The fine is the biggest ever for an Australian airline and among the largest globally in the sector, although some Australian banks and casino operators have faced higher penalties. “We recognize Qantas let down customers and fell short of our own standards,” CEO Vanessa Hudson said in a statement. It had said the airline sometimes sold tickets to flights weeks after they were canceled. The ACCC’s Cass-Gottlieb noted that the settlement included a promise from Qantas not to repeat the conduct.

Persons: Vanessa Hudson, ”, Hudson’s, Alan Joyce, Hudson, Gina Cass, Gottlieb, ACCC’s Cass Organizations: Sydney, Qantas Airways, Qantas, Australian Competition, Consumer Commission, Federal Court, ACCC Locations: Hudson

☆ A Chinese fighter jet popped flares in the path of an Australian military helicopter in an 'unsafe' Yellow Sea intercept, Canberra says
▼ + stars: | 2024-05-06 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Read previewThe Australian government said Monday that a Chinese People's Liberation Army Air Force fighter jet released flares dangerously close to an Australian Defence Force helicopter over the weekend. The PLAAF jet intercepted the Royal Australian Navy MH-60R helicopter attached to HMAS Hobart in the Yellow Sea and "released flares across the flight path of the Australian Defence Force (ADF) helicopter," the Australian government said in a statement. Australian Defense Minister Richard Marles said a Chinese J-10 fighter aircraft popped flares about 300 meters in front of the helicopter and about 60 meters above it, per reporting from the AP. Related stories"This was an unsafe manoeuvre which posed a risk to the aircraft and personnel," the statement said. This isn't the first incident involving a Chinese jet engaging in troubling behavior in the vicinity of an Australian aircraft.

Persons: —, Operation, Richard Marles Organizations: Service, Liberation Army Air Force, Australian Defence Force, Royal Australian Navy, ADF, Business, Australian Defense, China, of Defense, Military, Security, U.S Locations: Hobart, North Korea, Chinese, Canberra, Beijing, Australian, China, People's Republic of China

☆ Chinese warplane fired flares, put Australian Navy helicopter in danger, Canberra says
▼ + stars: | 2024-05-06 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

The Chinese jet “dropped flares about 300 meters (984 feet) in front of the Seahawk helicopter and about 60 meters (197 feet) above it,” Marles said in an interview with 9 News on Monday. The MH-60 Seahawk is a twin-engine helicopter and carries a crew of three, according to the Australian Navy. “They’re in international waters, international airspace, and they’re doing work to ensure that the sanctions that the world has imposed through the United Nations on North Korea, due to their intransient and reckless behavior, are enforced,” the prime minister told CNN affiliate Nine News. According to Australian public broadcaster ABC, Australian Navy Vice Adm. Mark Hammond raised the Toowoomba incident in a meeting with Chinese navy Adm. Hu Zhongming at an international naval symposium in Qingdao. Earlier in 2022, Australia said a Chinese warship used a laser to “illuminate” an Australian P-8A aircraft in waters north of Australia.

Persons: Anthony Albanese, Richard Marles, ” Marles, Albanese, “, ” Albanese, “ We’ve, ”, Maj, Rob Millen, Peter Dutton, Xi Jinping, ” Dutton, Mark Hammond, Hu Zhongming, Hammond Organizations: South Korea CNN —, Seahawk, Nations, Defense Ministry, Australian Defense, Australian Navy, United Nations, North, Australian Defense Ministry, CNN, Nine, Royal Canadian Navy, Australian Defence Force, Nine News, Australian, ABC, ” ABC, Pilots Locations: Seoul, South Korea, South Korea CNN — Australia, North Korea, Canberra, Beijing, China, Canadian, South, Ottawa, Australia, Philippines, Japan, United States, Chinese, Toowoomba, Qingdao, “, South China Sea, ”, Australian

☆ Travel news: Living the Italian dream just got easier, thanks to a new visa
▼ + stars: | 2024-05-04 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

CNN —In travel news this week: submersible superyachts for billionaires, the megahub airport that could be the world’s busiest, plus new digital nomad visas in Turkey and Italy. New digital nomad visasPacking up your life and making a fresh start abroad is a dream for many, and new visa programs and tax incentives are making it a bit more achievable. Portugal, Spain and Costa Rica are some of the countries with popular digital nomad visas, and now there are two new options for remote workers. Turkey’s vibrant cities and glorious coastline can be enjoyed with its new digital nomad visa which is open to citizens of 36 countries, including the United States, Canada, France and the United Kingdom, ages 21 to 55. Italy’s long-anticipated digital nomad visa is also now accepting applications.

Persons: you’re, Hopper, he’d, “ It’s, ”, Latronico, there’d Organizations: CNN, European Union, European Economic, KSL, Mount Fuji Locations: Turkey, Italy, Portugal, Spain, Costa Rica, United States, Canada, France, United Kingdom, Italian, Italy London, Texas, Costa, Los Angeles, Basilicata, Austrian, Utah, Indonesia, Caicos, Mull, Kintyre, Miami

☆ I fell in love with someone 21 years after he dumped me by text
▼ + stars: | 2024-05-04 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +5 min

He ended the relationship by text message and I never heard from him again. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe text message left me in a heap of tears in a backpacker hostel in Adelaide, Australia, in 2003. I was still reeling when, half an hour later, he'd taken his backpack and sent that devastating text message. AdvertisementWhen I left, I resisted the urge to send a text re-contextualizing his "Thanks for the good times" message.

Persons: —, I'm, We'd, he'd, we'd, You've, doesn't Organizations: Service, Facebook Locations: Adelaide, Australia, Sydney, Hyde Park, Western Australia, Cairns, Europe, Spain

Below, we've compiled everything you need to know about where to watch the Giro d'Italia races, including free live streams. Keep reading to learn everything you need to know about watching the 2024 Giro d'Italia. ET / 11:55 a.m. BST / 6:55 p.m. AWSTWhere to watch Giro d'Italia in the USMax is be the US streaming home of Giro d'Italia races in 2024. Shop at MaxWhere to watch Giro d'Italia in the UKDiscovery+ will show the 2024 Giro d'Italia races in the UK. Where to watch Giro d'Italia in AustraliaGiro d'Italia will stream on SBS in Australia.

Persons: Primož, Hansgrohe, Tadej, Venaria, Francesco al Campo, Max, HBO Max, it's, ExpressVPN Organizations: Business, Tour de France, UCI, UAE Team Emirates, SBS, Torino, Giro, HBO, Warner Bros, de France Locations: Italy, Australia, ExpressVPN, Francesco, Biella, Australian

☆ Airline app glitch randomly logged customers into other people's accounts
▼ + stars: | 2024-05-01 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

The Qantas app suffered a technical glitch, logging users into random accounts. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Australian airline's frequent flyers were left puzzled after a technical glitch with its app logged users into the wrong accounts. In a statement, the airline said some people were able to see other customers' details on the app. That included their name, upcoming flight details, points balance, and frequent-flyer status.

Persons: couldn't, — Organizations: Qantas, Service, Business

☆ Australia’s problem with male violence is getting worse. So, what’s the solution?
▼ + stars: | 2024-04-29 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +8 min

Late Monday, new figures showed a 28% jump in intimate partner homicide in 2022-23, compared to the previous year – ending what had been a decades-long trend of decline. Around 4,000 people marched through the streets of Brisbane on April 28 to call for action on gendered violence. The deaths took the toll to 27 women allegedly killed by a partner or former partner so far this year, according to the Counting Dead Women project. “We don’t have good programs for men with mental illness and personality disorders who use these types of violence. We don’t have a lot of really accessible drug and alcohol treatment programs for men who use violence.

Persons: Daniel McCormack, Daniel Sloss, “, ”, McCormack, Samantha Bricknell, we’ve, Anthony Albanese, –, Hilary Whiteman, wasn’t, Lukas Coch, Hayley Boxall, Albanese, ’, ” Albanese, ” Boxall, ” Bricknell, Emily Garnett, there’ll, ” McCormack, he’s, “ I’ve, ‘ That’s Organizations: Australia CNN, Australian, of Criminology, ”, Australia, CNN, New South, Australian National University, Wales, Nations, First Nations, Brisbane Locations: Brisbane, Australia, Scottish, Bondi, Sydney, New South Wales, Canberra, United Kingdom, Canada, New Zealand, Australian, Melbourne, England

☆ This 35-year-old had 5 failed businesses before starting her grocery store chain – now it brings in over $8 million a year
▼ + stars: | 2024-04-25 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +4 min

Gek Teng Pang founded Surrey Hills Grocer in 2021. Success didn't come easy for Pang Gek Teng. Today, she is the proud founder and CEO of Surrey Hills Grocer, an Australian-inspired grocer and café brand with five locations across Singapore. Navigating the entrepreneurial worldBetween quitting her job and starting Surrey Hills Grocer, Pang founded five different businesses. Pang opened her first Surrey Hills Grocer store in December 2021, and eventually went on to open four other locations.

Persons: Gek Teng Pang, Pang Gek Teng, Pang, That's, —, Alvin Lau, she's Organizations: Surrey Hills Grocer, CNBC, Surrey Hills, University of Newcastle, CNBC she's Locations: Singapore, Australian, Australia, Surry Hills

We've put together everything you need to know about how to watch the NFL Draft, including a free Round 1 live stream. How to watch the NFL Draft in the USThe NFL Draft will air on ABC, ESPN, and the NFL Network in the US. If you don't have cable, you can access these channels via live TV packages like Sling TV and Hulu + Live TV. Shop at HuluHow to watch the NFL Draft in the UKIf you don't mind staying up late on Thursday and Friday, you can catch the NFL Draft through Sky Sports in the UK. How to watch the NFL Draft in AustraliaYou can catch the NFL Draft a couple of different ways in Australia.

Persons: We've, Caleb Williams, Marvin Harrison Jr, Malik Nabers, Hulu's, There's, ExpressVPN Organizations: Business, NFL, Chicago Bears, Washington, New England Patriots, Louis Cardinals, Green Bay Packers, Los Angeles Rams, USC, LSU, ABC, ESPN, NFL Network, ESPN2, Hulu, Disney Plus, Sky Sports Locations: Detroit , Michigan, St, Caleb Williams , Ohio, Australia, Australian

☆ Elon Musk Clashes With Australian Court Over Violent Videos on X
▼ + stars: | 2024-04-24 | by ( Kate Conger | ) www.nytimes.com time to read: +1 min

An Australian court on Wednesday extended an injunction ordering the social media platform X to remove videos depicting the recent stabbing of a bishop, setting the country’s judicial system up for a clash with the company’s owner, Elon Musk, who has decried the court’s order as censorship. Videos of the stabbing of Bishop Mar Mari Emmanuel during a church service on April 15 quickly started circulating on X, racking up hundreds of thousands of views. Australia’s eSafety Commissioner, a regulator overseeing online safety, ordered X and other social media platforms to remove posts showing the video the next day. Other platforms complied, and X blocked the content for Australian viewers. That order was extended on Wednesday until a May 10 hearing, and X faces potential daily fines of roughly $509,000 for noncompliance.

Persons: Elon Musk, Bishop Mar Mari Emmanuel, Australia’s, Musk, ’, ” Locations: Australia, USA

☆ A hospital in Australia is begging snakebite victims to stop bringing the snakes in with them
▼ + stars: | 2024-04-23 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +1 min

An Australian hospital is asking snakebite victims to stop bringing the snakes to the ER. The hospital's director said that having a live snake in the ER puts staff and patients at risk. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA hospital in Australia is asking snakebite victims not to bring the reptiles with them to the emergency room, the Australian Broadcasting Corporation reported. In one instance earlier this month, staff at Bundaberg Hospital in Queensland were handed a plastic container with a small Eastern Brown snake inside, according to the news outlet.

Persons: — Organizations: ER, Service, Australian Broadcasting Corporation, Bundaberg Hospital, Business Locations: Australia, Queensland, Eastern

Learn moreKylie Minogue's sold-out Las Vegas residency, More Than Just a Residency, comes to an end in early May. Date StubHub Vivid Seats April 26 $541 $765 April 27 $360 $335 May 3 $318 $335 May 4 $410 $407Need travel arrangements? How to buy Kylie Minogue ticketsOriginal tickets to Kylie Minogue's Las Vegas were sold through Ticketmaster and sold out long ago. How much are Kylie Minogue tickets? Since Kylie Minogue tickets have sold out and resale tickets are the only ones available, it's unclear how much original Ticketmaster tickets cost.

Persons: Kylie Minogue's, we've, Minogue, Voltaire, Kylie Minogue, Kylie Minogue's Las Organizations: Business, Ticketmaster Locations: Las Vegas, Australian, Vegas, Kylie Minogue's Las Vegas

☆ Elon Musk got called an 'egotistical billionaire' by a top Australian politician in the latest beef over free speech and censorship on X
▼ + stars: | 2024-04-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Elon Musk was criticized by an Australian minister for refusing to remove X posts about a stabbing. Tanya Plibersek told 7News that Musk is an "egotistical billionaire" after Musk resisted the calls. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn Australian minister slammed Elon Musk as an "egotistical billionaire" over his refusal to take down X posts.

Persons: Elon Musk, Tanya Plibersek, Musk, —, Mar Mari Emmanuel Organizations: Guardian, Service Locations: Australian, Sydney

☆ A woman called Swastika got an apology from Uber after it banned her because of her name
▼ + stars: | 2024-04-19 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +2 min

Swastika Chandra had her Uber account banned because of her name. Uber eventually apologized to the Australian woman and reinstated her account. AdvertisementAn Australian woman was banned from using Uber after the company deemed her first name to be offensive. The company also faced backlash last year after the owner of a Palestinian restaurant in Toronto said Uber Eats had suddenly labeled his restaurant as Israeli. Uber Eats previously told Business Insider that the "unintentional" issue had been fixed.

Persons: Chandra, Uber, she's, —, Adolf Hitler, Hitler Organizations: Service, Hindu, of Australia, New South, ACA Locations: Asia, Fiji, New South Wales, Toronto

☆ What's so great about Australia's retirement plan — and what it means for America
▼ + stars: | 2024-04-16 | by ( Allie Kelly | ) www.businessinsider.com time to read: +8 min

Australia's superannuation system mandates employer-funded retirement contributions. Meanwhile, the US retirement system has become anxiety-inducing for many, as older adults struggle to make ends meet. AdvertisementAustralian retirement system puts saving responsibility on employers, not employeesAmerica's current retirement infrastructure includes two major categories: defined contribution plans and Social Security. This differs from the American system, where retirees' money is often held between a 401(k), other accounts, and outside investments. Still, Reilly cautioned that applying Australia's retirement system to the US could negatively affect employee wages.

Persons: —, Sen, Bernie Sanders, Catherine Reilly, Reilly, Larry Fink, Fink Organizations: Service, Challenger Limited, Money, TIAA Institute, Georgetown University's Center for Retirement, Social Security, BlackRock, Employers, Pew Charitable Trust Locations: Australia, America, California, Colorado

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