🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Tony Burke edges closer to getting controversial industrial relations bill across the line

Published 22/11/2023, 01:25 pm
© Reuters.  Tony Burke edges closer to getting controversial industrial relations bill across the line
CVX
-
BHP
-
FMG
-
XOM
-
WDS
-
QAN
-

Workplace Relations Minister Tony Burke has successfully brokered a deal with employers representing some of the nation’s largest resource and energy companies, which could help the government pass its controversial industrial relations bill through the Senate. The agreement, signed on Tuesday, exempts service contractors from the new workplace laws.

The Australian Resources and Energy Employer Association (AREEA), whose members include Fortescue (ASX:FMG), Woodside, ExxonMobil, and Chevron (NYSE:CVX), was one of the signatories. This is the third significant breakthrough achieved by Burke, following agreements with the Australian Hotels Association and gig platforms. However, the deal is a setback for employer groups representing BHP (ASX:BHP) and Qantas, who want to kill off the bill.

Burke said that AREEA had sought amendments to make it explicitly clear that service contractors should not be captured by the new laws. “These amendments will put it beyond doubt,” he said. “We will end up with better legislation as a result of the constructive engagement and industrial expertise that AREEA has brought to the table.”

Burke also took aim at business groups still campaigning against the changes, saying, “The only reason left for opposing the government’s actions on the labour-hire loophole is because employers want to continue underpaying people.”

AREEA chief executive Steve Knott, who has been a vocal critic of Labor’s workplace policy agenda, commended Burke for responding to his members’ concerns that the government’s labour-hire proposals could potentially impact the broader resources and energy sector.

Knott noted the “significant” amendments would ensure that contracting businesses delivering services to mining, energy, and all other sectors of the economy would be exempted from the new labour laws.

Source: https://www.theaustralian.com.au/

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.