Original article by David Marin-Guzman
The Australian Financial Review – Page: 5 : 30-Nov-23

The federal government’s Closing Loopholes Bill was passed by the lower house on Wednesday, with more than 80 amendments that Labor had agreed to implement. However, employers’ groups have criticised a Greens amendment that will have major implications for the government’s intractable bargaining laws, which allow unions or employers to unilaterally go to arbitration after nine months of failed bargaining. The amendment means that employees’ existing conditions cannot be reduced via such arbitration. Australian Chamber of Commerce & Industry CEO Andrew McKellar says the Fair Work Commission will make a lot more unilateral decisions as a result of this amendment, which will in turn further reduce productivity.

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AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY