Original article by Ewin Hannan
The Australian – Page: 2 : 3-Apr-24

The Council of Small Business Organisations Australia has used its submission to the Fair Work Commission’s annual wage review to call for the minimum wage increase to be restricted no more than three per cent. COSBOA has argued that the minimum wage and award rates should be increased in line with the Reserve Bank’s inflation target of 2-3 per cent. The group notes that labour costs represent at least 40 per cent of some small businesses’ overall operating costs, while the sector is also facing increased energy, rent, insurance and supply-chain costs.

CORPORATES
COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIA. FAIR WORK COMMISSION