A senior lawyer says finance sector employers should "urgently review" their employment agreements after a finding that a commission-based advisor is award-covered and that a leading wealth management company cannot use those payments to offset his entitlements.
The FWC's expert panel has this morning approved a 3.75% increase in all award rates and the national minimum wage, but has rebuffed the ACTU's bid for an immediate additional 4% for workers in highly-feminised industries, instead committing to a timetable to address the issue over the next 12 months.
The Federal Government has made a "technical assumption" that there will be a minimum wage increase of 3.5% this year, the FWC's expert panel heard yesterday, while Commission President Adam Hatcher lamented the "Catch-22" situation the Commission faces in weighing whether Canberra will fund any gender-based increases.
BHP has failed in another bid to win approval of a deal for its in-house labour hire arm, after it gave workers an "upbeat" deep-dive on the benefits, failed to explain detriments and left them in the dark on pay.
Unions are asking the FWC to reject the Albanese Government's proposed phase-in schedule for Stage 3 work value pay rises of up to 13.5% in aged care, but employers say they are "commercially compelled" to support it to protect the sector's viability.
The FWC has transferred workers from BHP's in-house labour hire arm to direct employment with the new owners of a former BHP Coal mine, finding it "consistent" with the intent of the Fair Work Act's new "same-job, same-pay" protections.
The SDA says its challenge to a Victorian/Tasmanian Aldi deal on the basis that it tries to circumvent new "same-job, same-pay" laws has prompted the company to quietly ditch similar provisions from a proposed SA deal immediately before an unsuccessful ballot.
Annual growth in private sector pay has gone backwards for the first time since the height of the pandemic, according to ABS data released today, but it continues to outpace inflation.
A massage business and its director must pay more than $2 million in fines and compensation after significantly short-changing temporary visa workers, subjecting them to a "cashback" scheme and threatening to kill their families if they blew the whistle.