EMPLOYERS’ ASSOCIATIONS – AUSTRALIA

Concerns rise about restrictions in crowdfunded shares proposal

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Original article by Rose Powell
The Australian Financial Review – Page: 22 : 8-Sep-15

The Australian Government’s proposed crowdsourced equity investment legislation contains a cap on the number of investors in start-ups that are allowed to raise crowdsourced equity. Another cap limits the amount of capital to be raised to $A2 million The Australian Chamber of Commerce & Industry writes in a submission to a Treasury inquiry that both caps should be removed.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, BLUE CHILLI TECHNOLOGY PTY LTD, AUSTRALIA. DEPT OF THE TREASURY, ARTESIAN VENTURE PARTNERS PTY LTD, VENTURECROWD PTY LTD

Billson slams BCA ‘utter nonsense’

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 5-Aug-15

The Australian Government’s cabinet ministers have endorsed a proposal to add a so-called "effects test" to the Competition and Consumer Act. The reform was one of 56 recommendations made by the Harper review of competition laws, and is supported by the Australian Chamber of Commerce & Industry. However, the Business Council of Australia maintains that an effects test would adversely affect competition and make companies more vulnerable to litigation.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, BUSINESS COUNCIL OF AUSTRALIA, THE AVALON, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY

Billson slams BCA ‘utter nonsense’

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 4 : 5-Aug-15

The Australian Government’s cabinet ministers have endorsed a proposal to add a so-called "effects test" to the Competition and Consumer Act. The reform was one of 56 recommendations made by the Harper review of competition laws, and is supported by the Australian Chamber of Commerce & Industry. However, the Business Council of Australia maintains that an effects test would adversely affect competition and make companies more vulnerable to litigation.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, BUSINESS COUNCIL OF AUSTRALIA, THE AVALON, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY

Abbott lines up double-D unions poll

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Original article by Phillip Coorey, Patrick Durkin
The Australian Financial Review – Page: 1& 6 : 13-Jul-15

The Australian Government plans to use the Registered Organisations Commission Bill as one of two potential triggers for a double-dissolution election. Officials of unions and employers’ groups who are found to be corrupt will be subject to the penalties that currently apply to corporate executives. The Government will also reintroduce its bill on the Australian Building & Construction Commission to the Senate when parliament resumes in August 2015.

CORPORATES
AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. ROYAL COMMISSION INTO TRADE UNION GOVERNANCE AND CORRUPTION, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF EMPLOYMENT, AUSTRALIAN ELECTORAL COMMISSION

Business in victory over forced leave

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Original article by Ewin Hannan
The Australian Financial Review – Page: 1 & 8 : 12-Jun-15

Australia’s Fair Work Commission has ruled that employers are entitled to require an employee covered by an industrial award to take annual leave if they have at least seven weeks of unused leave. Meanwhile, workers who have at least four weeks of accrued leave will be entitled to cash out two weeks’ leave. The Commission noted that cash-out provisions are included in many enterprises agreements. The ruling has been welcomed by employers’ groups, but the ACTU says it will disadvantage many people on low wages.

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, ACTU, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, THE AUSTRALIAN INDUSTRY GROUP

Future of work could be one award

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Original article by Ewin Hannan
The Australian Financial Review – Page: 1 & 9 : 20-Mar-15

The Business Council of Australia’s submission to an inquiry into workplace relations has proposed a gradual shift to a single industrial award for all sectors of the economy. As an interim measure, just one award would apply to each industry before being phased out in favour of a universal award. The employers’ association also proposes the adoption of one penalty rate for all employees, and paring back awards to cover just 10 employment issues

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. FAIR WORK COMMISSION

Unions push for casual worker rights

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Original article by Ewin Hannan
The Australian Financial Review – Page: 6 : 17-Mar-15

The ACTU wants casual workers to have a legal right to compulsory arbitration when employers do not "bargain in good faith". The ACTU will present its views on the matter in a submission to the Productivity Commission’s inquiry into workplace relations. The Australian Industry Group argues in its submission that workplace agreements should include a mandatory clause about measures to improve productivity

CORPORATES
ACTU, THE AUSTRALIAN INDUSTRY GROUP, AUSTRALIA. PRODUCTIVITY COMMISSION

Business fears a return to union chaos

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Original article by Ewin Hannan
The Australian Financial Review – Page: 3 : 4-Mar-15

Fair Work Building & Construction’s powers to take action over unlawful conduct by unions are slated to expire at the end of May 2015. The Australian Government faces resistance from the Opposition and the Australian Greens to extend these powers. Groups such as the Australian Industry Union and Master Builders Australia are concerned about the impact on the construction industry if the sunset clause introduced by the Australian Labor Party takes effect

CORPORATES
FAIR WORK BUILDING AND CONSTRUCTION, AUSTRALIAN LABOR PARTY, AUSTRALIAN GREENS, THE AUSTRALIAN INDUSTRY GROUP, MASTER BUILDERS AUSTRALIA INCORPORATED, AUSTRALIAN BUILDING AND CONSTRUCTION COMMISSION, AUSTRALIA. DEPT OF EMPLOYMENT, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, PALMER UNITED PARTY

Unions seek part-time guarantee

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Original article by Joanna Heath, Joanna Mather
The Australian Financial Review – Page: 1 & 4 : 16-Feb-15

Employers’ groups want the Fair Work Commission’s review of the modern awards system to include changes to penalty rates for people who work on weekends and public holidays. Meanwhile, the ACTU’s submission to the review will argue the case for employers to have a legal requirement to offer flexible working arrangements to female workers who return to work after having a baby. Australian Chamber of Commerce & Industry CEO Kate Carnell warns that this could deter employers from hiring women

CORPORATES
AUSTRALIA. FAIR WORK COMMISSION, ACTU, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIA. DEPT OF EMPLOYMENT, THE AUSTRALIAN INDUSTRY GROUP, RESTAURANT AND CATERING INDUSTRY ASSOCIATION OF AUSTRALIA INCORPORATED, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIAN LABOR PARTY, AUSTRALIAN HOTELS ASSOCIATION

Rethink call for two-tier tax

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Original article by Phillip Coorey
The Australian Financial Review – Page: 7 : 11-Feb-15

Employers’ groups have expressed concern about a proposal to reduce the corporate tax rate for small businesses while retaining the existing rate that applies to large companies. Australian Chamber of Commerce & Industry CEO Kate Carnell says businesses will face more red tape if the Federal Government implements a "two-tiered" corporate tax system. She has urged the Government to consult the business sector on the issue

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, BUSINESS COUNCIL OF AUSTRALIA, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT