Business

Abbott backs the cutting of penalty rates as inquiry begins

PRIME Minister Tony Abbott has backed a long-term business campaign to cut penalty rates on weekends, saying he is "always in favour of more jobs", as a year-long inquiry into the issue begins.

Mr Abbott told The Australian that he did not "begrudge" workers the money that weekend work often attracted, but that "in the end there's a balance to be struck here and my preference will always be in favour of more jobs".

His comments come as the Productivity Commission last week released five papers to prompt submissions to its inquiry on penalty rates, minimum wages and the wider industrial relations landscape.

In one of the papers, the commission has specifically asked for input on penalty rates, and whether the higher pay rates that weekend and late-night work attracts should be deregulated, and put in the hands of individual negotiations between employers and workers.

While the government has not specifically backed any measures, Employment Minister Senator Eric Abetz has said the government will consider the commission's report and take any major changes to an election.

Employer groups and the business lobby has long argued for penalty rates to be lowered as small businesses particularly in regional areas struggle to pay for staff, forcing some businesses to close on weekends.

But unions are expected to fight any moves to weaken penalty rate regulation, or specific pay rates, after a length campaign last year centred on workers' "rights" to be paid above award wages for shifts when most Australians do not have to work.

The commission has called for submissions from unions and employers, and is considering travelling to regional areas or holding tele-conferences to hear from specific groups in regional areas. - APN Newsdesk

Topics:  editors picks penalty rates productivity commission tony abbott



VIDEO: Truckies farewell driver killed on the job

Dallas Holland was killed on the Logan Mwy on January 10.

Dallas Holland's death rocks industry, sends new safety message

Cops punched, cut during violent arrest of alleged car thief

RUSH: Police were on a frantic rush to a Boyne Island street after receiving multiple 000 calls.

Police have charged a man and a woman following the incident

Pauline Hanson calls Trump protesters "clowns"

 Thousands rally in support of equal rights, in Sydney, Saturday, Jan. 21, 2017. Hundreds of rallies are due to take place in over 30 countries around the world following the inauguration of US President Donald Trump.

“Don’t these clowns have anything else better to do?"

Local Partners

How Adam Brand’s Nashville dream fell apart

Country music singer Adam Brand talks about how heartbreak stopped him chasing his Nashville dream.

SINGER reveals how heartbreak stopped him from chasing his dream.

What's on the small screen this week

Grant Denyer will host Channel 10's Australia Day concert from the Sydney Opera House.

STAR-studded Australia Day celebrations and fascinating docos.

Mine halt after land caved in

JACK OF ALL TRADES: Harry Gee Stationer, News Agent, Picture Framer at North Ipswich.

Subsidence isolated residents

Jennifer Aniston wants to return to TV

Jennifer Aniston is desperate to make a return to TV

Madonna hopes for election unity

Madonna hopes Donald Trump's election will "bring people together"

JK Rowling rules out Cursed Child trilogy

JK Rowling has ruled out a 'Cursed Child' movie trilogy

Stockland's $150m pitch: Build it and they will come

Gladstone Marina. The Gladstone Regional Council offers a range of exciting job opportunities. Photo Contributed: Murray Ware.

Here's why we need to see Stockland upgrade start soon.

Ipswich house prices looking up in "seller's market”

Region's median house price climbed 1.4% to $325,000 and the median unit price fell 13.8% to $235,000 in the September quarter.

Median house price climbs 1.4% to $325,000 as unit price falls 13.8%

By the water's edge

Secure your seachange

Work to be done before Hungry Jack's opens

Roadworks outside the Hungry Jack's restaurant at Brassall must be completed before it opens.

Ipswich residents will have to wait for their Whoppers

HOT PROPERTY: Money to spend on land, buildings

File picture.

Sale, leasing of industrial real estate picks up in Mackay

Ready to SELL your property?

Post Your Ad Here!