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Guideline to open way for more investor scrutiny of companies' IR practices

Companies' IR practices are likely to be scrutinised more closely by investors, following the release by the ASIC of a new guideline that will help consumers understand whether and to what extent investment products - including superannuation - take into account labour standards.


News in brief, September 3, 2003

Football players boycott event to pressure employers; WA labour hire companies moving towards being covered by State metals award; OEA passes on $6,000 penalty payment to subcontractor threatened by Queensland BLF; and full bench refers bid to stop AIRC dealing with Hamersley award.

Suspension of bargaining period averts car strike

The AIRC has suspended a bargaining period at car parts supplier TI Automotive's Adelaide plant, after finding a strike planned for today and tomorrow and continuing overtime bans threatened significant damage to the welfare of more than 8,000 South Australian car industry workers.




BHP Steel workers win $11m in free shares

Some 11,000 workers at BlueScope Steel Limited (formerly BHP Steel) will be eligible to apply for up to 200 free shares offered under a new share ownership plan announced as part of the company's yearly results last week.


News in brief, September 2, 2003

Government counters attacks on Abbott; AIRC says "all or nothing" approach to sick leave provision not the best; Union rights clause prevents deal's certification despite links to other provisions; and UK think tank recommends workplace elder care.