Major change for group of Aussie workers
Large businesses in Australia will undergo a major change to address workplace gender equality after a bill passed parliament on Tuesday.
Recent data published by the Workplace Gender Equality Agency (WGEA) found the total remuneration average gender pay gap in Australia was a difference of $28,425 over the course of one year.
A review of the Workplace Gender Equality Act identified target-setting was an effective way to improve gender equality in the workplace.
Organisations that employ more than 500 people in Australia are now required to implement three gender equality targets into the workplace, and will have three years to achieve or make progress on their targets.
Employers can choose which targets they select from a menu, with priority areas covering the gender pay gap, workforce and board composition, support for carers and parents, consultation and prevention of sexual harassment.
The changes will apply to nearly 2000 employers and benefit an estimated 3.9 million employees.
WGEA found 56 per cent of employers covered by these reforms already had gender equality targets, and about one-third had set three or more targets which met the new requirements.
Employers who fail to meet the new requirements risk losing Commonwealth contracts, and will be named and shamed by the agency.
WGEA chief executive officer Mary Wooldridge said the new requirement was introduced to accelerate employer actions to ensure all employees were equally valued, rewarded and safe at work.
'While many employers are making great progress on gender equality, there is also a large group of employers who are not,' she said.
'Employers indicate that even when they are aware they have a significant gender pay gap, many haven't taken action to reduce it.
'Targets are specific, time-bound and measurable objectives that set a benchmark for employers to work towards. The evidence available shows they are effective in driving real change.
'By introducing a target setting requirement, Australia is ensuring large employers are publicly accountable to take action and make demonstrable progress towards gender equality.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
a day ago
- The Hill
Amazon to invest $20 billion in Pennsylvania data centers
Amazon plans to invest at least $20 billion to build out two data centers in Pennsylvania, the e-commerce and cloud computing giant announced Monday alongside Keystone State leaders. The new data centers will be located in Salem Township alongside the Susquehanna nuclear power plant and in Falls Township on the site of a former steel mill, Pennsylvania Gov. Josh Shapiro (D) said. 'Pennsylvania workers, over decades, over centuries, have made our Commonwealth and our country safer and freer, and what we are talking about here today is yet another national security issue that Pennsylvania can lead on,' Shapiro said Monday. 'See right now, there is a battle for supremacy when it comes to AI, a battle that will be won by either the United States or China,' he continued. 'I'm comforted by the fact that thanks to Amazon, the future of AI is going to run right here through the Commonwealth of Pennsylvania.' The latest Amazon data centers come as tech companies race to develop AI, competing with fellow U.S. firms, as well as Chinese companies like Deep Seek. This has spurred new interest in data center construction that extends all the way to the White House. President Trump announced the Stargate project in January, with the goal of investing $500 billion in AI infrastructure over the next four years. However, rapid AI development has also expanded energy demands, leading major tech firms to increasingly seek out additional capacity, including in the form of nuclear energy. Amazon has run into roadblocks from federal regulators as it has attempted to increase the power flowing to its new data center co-located with the Susquehanna nuclear plant in Pennsylvania. The Federal Energy Regulatory Commission (FERC) in November rejected the company's request to alter an existing agreement with the power plant to boost its capacity by 180 megawatts. The regulator upheld its decision in April.
Yahoo
5 days ago
- Yahoo
PetVivo and Commonwealth Partner to Advance Equine Wellness Across Thoroughbred Racing
Minneapolis, MN, June 06, 2025 (GLOBE NEWSWIRE) -- PetVivo Holdings, Inc. (OTCQB: PETV; OTCPINK: PETVW), an emerging biomedical device company focused on animal health, today announced a strategic collaboration with Commonwealth, the syndicated ownership group behind 2023 Kentucky Derby winner Mage, and 2022 Dubai World Cup Champion Country Grammer. The partnership centers on the clinical use and promotion of SPRYNG® with OsteoCushion® Technology, PetVivo's cutting-edge intra-articular device designed to support joint health and durability, and Precise PRP™, a first-in-class off-the-shelf platelet-rich plasma (PRP) product designed for use by veterinarians in elite equine athletes. As part of this collaboration, Commonwealth intends to integrate SPRYNG and PrecisePRP, when possible, into the care protocols of its top-tier thoroughbred stable, using the technology as both a preventative measure and a treatment solution to promote joint health, extend performance longevity, and support recovery in high-impact training and racing environments. In addition to clinical implementation, PetVivo and Commonwealth will explore co-branded content, educational initiatives, and industry outreach designed to elevate awareness around joint wellness and support broader adoption of SPRYNG and PrecisePRP across the equine health community. John Lai, CEO of PetVivo, commented, "Partnering with Commonwealth, a proven leader in the highest levels of the sport, marks a major milestone for SPRYNG and PrecisePRP. Their championship-caliber horses and progressive approach to wellness makes them the ideal partner to showcase the benefits of our technology. Together, we're advancing a shared vision of equine health that emphasizes performance, longevity, and science-backed care." Chase Chamberlin, CEO of Commonwealth, stated, 'At Commonwealth, our mission is to champion our equine athletes on and off the track. With HISA's new welfare protocols raising the bar for horse safety, SPRYNG and PrecisePRP are game‑changing advances in preventive and rehabilitative joint care. This partnership allows us to push the boundaries of equine medicine, while minimizing injury risk and downtime, so our horses can perform at their best. We're proud to join forces with PetVivo to deliver cutting‑edge treatments that safeguard the health and future of our champions.' Mike Eldred, Board Director at PetVivo, commented, 'We are excited to join forces with Commonwealth in advancing the clinical use of SPRYNG and Precise PRP. This partnership represents a significant step forward in our commitment to being the market leader in equine joint health and regenerative medicine. By combining PetVivo's clinical expertise and commercial capabilities, with Commonwealth's equine industry knowledge and network, we aim to provide veterinarians with cutting-edge, effective solutions that enhance recovery and long-term soundness in competitive horses.' About Commonwealth Commonwealth is a leading investment platform that allows fans to buy equity shares in thoroughbred racehorses starting at $50 per share. Dedicated to providing thrilling fan experiences that create lifelong memories and bring them closer than ever to the sport, Commonwealth campaigned 2023 Kentucky Derby winner Mage and the world's highest earning racehorse of 2022, Country Grammer. Learn more and download the app here. About PetVivo Holdings, Inc. PetVivo Holdings Inc. (OTCQB: PETV; OTCPINK: PETVW) is a biomedical device company focused on the manufacturing, commercialization and licensing of innovative medical devices and therapeutics for companion animals. PetVivo has a portfolio of twelve patents and six proprietary trade secrets that protect the company's biomaterials, products, production processes and methods of use. The company's lead products SPRYNG, is a veterinarian-administered, intra-articular injection for the management of lameness and other joint related afflictions, including osteoarthritis, in cats, dogs and horses. The company recently launched PrecisePRP, a first-in-class, off-the-shelf, allogenic, platelet-rich plasma (PRP) product. For more information about PetVivo Holdings, Inc. and our revolutionary products, Spryng and PrecisePRP, please contact info1@ or visit or Contact Information:John Lai, CEOPetVivo Holdings, info1@ 405-6216 Forward-Looking Statements: The foregoing material may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation the Company's proposed development and commercial timelines, and can be identified by the use of words such as 'may,' 'will,' 'expect,' 'project,' 'estimate,' 'anticipate,' 'plan,' 'believe,' 'potential,' 'should,' 'continue' or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to PetVivo and its current plans or expectations and are subject to a number of uncertainties and risks that could significantly affect current plans. Risks concerning the PetVivo's business are described in detail in PetVivo's Annual Report on Form 10-K for the year ended March 31, 2024, and other periodic and current reports filed with the Securities and Exchange Commission. PetVivo is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
Yahoo
5 days ago
- Yahoo
Gov. Shapiro responds after judge restores Pennsylvania's AmeriCorps funding
(WHTM) — More than $6 million in AmeriCorps funding must go back to Pennsylvania, a federal judge in Maryland ruled Thursday. Last month, Governor Josh Shapiro joined 25 other states in a lawsuit challenging President Donald Trump's decision to cancel AmeriCorps grants. U.S. District Judge Deborah Boardman issued a temporary court order blocking the order after finding it likely violated a federal law requiring a public notice-and-comment period. Shapiro celebrated the judge's decision in a social media post. 'The federal government made a commitment to organizations across the Commonwealth, and with the abrupt termination of AmeriCorps, the Trump Administration went back on that commitment without obeying the law,' the governor said. 060525_AmeriCorps_PI_OrderDownload AmeriCorps has 655 active members serving at 248 sites in 41 counties throughout Pennsylvania, according to the governor's office. The organization distributes funds for supports services, volunteer organizations, literacy and math programs, parks, veterans programs and natural disaster assitance. What is the PA State Grant Program? Shapiro argued the cuts would put services for children, seniors, parks and education at risk. 'It's my job as Governor to protect the interest of Pennsylvania taxpayers – and I will continue to take action to ensure no Pennsylvania senior, veteran or student is harmed by the federal government's decision to go back on its word,' Shapiro said. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now AmeriCorps launched in 1993 as a government agency for national and community service. The organization said it places 200,000 people with nonprofit, community and faith-based organizations each year. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
