A stated intention of the award modernisation process was not to result in a reduction of an employee’s take home pay. The Schedule 5 provisions of the Fair Work (Transitional Provisions and Consequential Amendments) Act, 2009 (Transitional legislation) specifically empower Fair Work Australia to remedy any reductions in take-home pay. Read the full article here …
Read more »Treasurer, Wayne Swan, and Minister for Superannuation and Corporate Law, Senator Nick Sherry, have announced new laws regulating executive termination payments. Under the proposed new laws, termination benefits for directors and certain senior executive employees exceeding one year’s average base salary will require shareholder approval.
Read more »The Workplace Relations Amendment (Transition to Forward with Fairness) Bill 2008 was tabled in parliament on 13 February 2008. This Bill is an amendment to the Workplace Relations Act 1996, effectively making a number of changes to the framework for workplace agreements. The amendments proposed by the Bill are intended to give effect to the …
Read more »On 25 September 2007, the Trade Practices Act (Act) was amended to help overcome perceived difficulties faced by the Australian Competition and Consumer Commission (ACC) and others, in regulating below-cost pricing or anti-competitive behaviour, known as the “Birdsville Amendment”.
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