
'It's rife': third of young workers report wage theft
The 22-year-old has worked for multiple employers who either didn't pay her correctly, forced her to work through legally mandated breaks or didn't pass on deducted superannuation to her fund.
"Wage theft is absolutely rife, for sure," Ms McDowall told AAP.
"I know more people my age who have spent any significant amount of time in hospitality that have had wages lost than haven't."
Ms McDowall is among more than one in three young workers who report being ripped off, according to University of Melbourne research released on Tuesday.
Two-thirds were forced to pay for work-related items such as uniforms or protective equipment, almost one-third were not paid compulsory super and more than one-third were banned from taking entitled breaks.
One in five said they had been paid off the books, almost 10 per cent were paid in food or products and eight per cent said they never received a pay slip.
"The extent of all the different ways that people are being denied their entitlements or employers are breaking the law shocked me," study lead John Howe said.
"The majority of employers are doing the right thing, but there's obviously a significant proportion of employers cutting corners with their young workers wherever they can."
About one-third reported being paid as little as $15 a hour, well below the national minimum wage of $24.95 per hour, but Professor Howe worries the true scale of underpayments could be greater.
"It could be a lot higher, because a lot of workers weren't sure if they were being underpaid," he said.
"Vulnerable workers are worried about raising complaints or asking questions about their entitlements because they don't want to jeopardise their job."
Researchers expected to find exploitation among hospitality workers but also identified workers being ripped off in utilities industries such as gas and water, agriculture, forestry and even unionised workforces, including mining.
Some 2814 workers younger than 30 took part in the survey conducted by the Melbourne Law School as part of its Fair Day's Work project.
Only one in three reported seeking help from a union or body such as the Fair Work Ombudsman, with Prof Howe recalling many expressed helplessness over their situation.
Now a women's organiser for Trades Hall, Ms McDowall believes her experiences fighting for her minimum entitlements were vital in gaining the skills she needs in her new career.
She encouraged anyone to stick up for themselves, pointing to the Fair Work Wage Calculator and Young Workers Centre as great places to start.
"It's so important that we are teaching young people how to determine what their pay should be and how to teach people how to have those conversations," she said.
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The Advertiser
8 hours ago
- The Advertiser
Sea of green as Aussie shares notch highest-ever close
Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns. The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8. The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July. The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher. On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said. "We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP. "Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets." Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said. Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80. The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80. Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks. Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall. Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher. Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out. Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment. Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers. The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm. ON THE ASX: * The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4 * The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.60 US cents, from 64.81 US cents on Monday . * 95.17 Japanese yen, from 95.68 Japanese yen * 55.93 euro cents, from 65.02 euro cents * 48.65 British pence, from 48.80 British pence * 109.68 NZ cents, from 109.60 NZ cents Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns. The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8. The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July. The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher. On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said. "We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP. "Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets." Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said. Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80. The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80. Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks. Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall. Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher. Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out. Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment. Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers. The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm. ON THE ASX: * The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4 * The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.60 US cents, from 64.81 US cents on Monday . * 95.17 Japanese yen, from 95.68 Japanese yen * 55.93 euro cents, from 65.02 euro cents * 48.65 British pence, from 48.80 British pence * 109.68 NZ cents, from 109.60 NZ cents Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns. The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8. The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July. The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher. On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said. "We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP. "Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets." Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said. Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80. The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80. Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks. Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall. Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher. Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out. Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment. Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers. The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm. ON THE ASX: * The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4 * The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.60 US cents, from 64.81 US cents on Monday . * 95.17 Japanese yen, from 95.68 Japanese yen * 55.93 euro cents, from 65.02 euro cents * 48.65 British pence, from 48.80 British pence * 109.68 NZ cents, from 109.60 NZ cents Australia's share market has posted its best-ever close as confidence around company earnings and future interest rate cuts washed out global growth concerns. The S&P/ASX200 surged 106.7 points higher, up 1.23 per cent, to 8,770.4, while the broader All Ordinaries shot 106.8 points higher, or 1.20 per cent, to 9,028.8. The result pipped the top-200's previous record close of 8,757.2, but finished just six points shy of its intraday best of 8,776.4 set in mid-July. The prospect of cheaper US and Australian borrowing costs helped interest rate-sensitive sectors like financials, real estate, technology and consumer discretionary stocks lead all 11 segments higher. On top of this, Australia's prospect as a market where investors could weather uncertainty elsewhere was likely growing, Pepperstone head of research Chris Weston said. "We've got a very, very stable banking sector with excellent liquidity, so you're looking for a safe harbour in this kind of area, I think Australia ticks the right boxes" he told AAP. "Now, you're not going to get a huge amount of foreign investments looking at Australia, because you do have a scarcity of incredibly liquid assets." Tuesday's performance showed investors weren't worried about taking on risk heading into earnings season, Mr Weston said. Consumer discretionary stocks led the gains with a 1.8 per cent surge, as Bunnings owner Wesfarmers jumped 2.83 per cent to $87.52 per share and JB Hi-Fi lifted 1.8 per cent to $115.80. The financial sector surged 1.5 per cent as all big four banks' respective market caps sailed 1.4 per cent or more higher on a sea of green. NAB was the best performer, rallying 1.6 per cent to $38.80. Australia's IT sector wiped out Monday's losses with a 1.3 per cent gain, tracking with an overnight rally in US tech stocks. Hopes of cheaper borrowing costs helped real estate stocks push 1.4 per cent higher, with strong performances by Dexus, GPT Group and Charter Hall. Miners rallied for a second straight day, as continued strength in iron ore prices helped push large caps BHP, Rio Tinto and Fortescue 0.4 per cent to 0.5 per cent higher. Gold producers also pushed higher despite a slight downtick in the gold prices during the session, with Newmont Corporation (+4.1 per cent) and Ramelius Resources (+3.9 per cent) standing out. Rare earths miner Iluka Resources was the top-200's best performer with a 8.7 per cent surge after federal resources minister Madeleine King flagged setting a price floor for the commodity group to shore up investment. Also with some help from government was second-best performer Austal, the shipbuilder's shares pushing 7.9 per cent higher after securing billions in defence contracts and winning strategic asset designation by the federal government, which will make it a tough takeover target for overseas buyers. The Australian dollar is buying 64.60 US cents, edging higher than 64.41 US cents on Monday at 5pm. ON THE ASX: * The benchmark S&P/ASX200 index on Tuesday gained 106.7 points, or 1.23 per cent, to 8,770.4 * The broader All Ordinaries rose 106.8 points, or 1.20 per cent, to 9,028.8 CURRENCY SNAPSHOT: One Australian dollar buys: * 64.60 US cents, from 64.81 US cents on Monday . * 95.17 Japanese yen, from 95.68 Japanese yen * 55.93 euro cents, from 65.02 euro cents * 48.65 British pence, from 48.80 British pence * 109.68 NZ cents, from 109.60 NZ cents

Herald Sun
9 hours ago
- Herald Sun
Jacinta Allan work from home law: All your questions answered
Premier Jacinta Allan sparked a whole weekend of conversation when she announced plans to enshrine the right to work from home into law. Under the Australian-first legislation, Victorian workers who can reasonably do their job from home would have the right to do so at least two days a week. However, fuming business figures and puzzled legal experts were quick to point out that the plan was not so clean cut. More than a third of Australian workers – including 60 per cent of professionals – regularly work from home. But will most of us actually be legally protected to work from home two days a week or is this just a political manoeuvre to win votes? Under the proposal, who would be legally protected to work from home two days a week? Workers in both the private and public sector who can reasonably work from home. If you can work from home now, you would likely have the right to work from home two days per week. When would this actually come into place? The Premier has pledged to introduce legislation to parliament next year, prior to the November state election. However, she has not given an exact time frame. This sounds great! But is this actually work? Legally, maybe not. Victoria, like other states, handed its powers over private sector workplace regulation to the federal jurisdiction decades ago. Under s109 of the Constitution, if a state law is inconsistent with a Commonwealth law, the Commonwealth law prevails and the state law is invalid. The Fair Work Act also overrides state laws that regulate conditions of employment. State laws enshrining work-from-home two days a week could therefore face a series of legal challenges and even be considered unconstitutional in the event the laws attempt to legislate in territory ruled by the Commonwealth. My EBA doesn't expire for years and doesn't include a clause outlining two days a week from home. Will I still be able to WFH two days a week? Generally EBAs (Enterprise Bargaining Agreement) are under the Fair Work Act, which can override state laws. If your EBA does not specifically outline that you are able to work from home two days per week, the right will not be automatically afforded to you. What if my employer refuses? We're going to need to wait on more detail to understand what the outcomes could be. However, it could depend on a number of circumstances. Private sector businesses are generally covered by the Fair Work Act, which overrides state employment laws. This will need to be tested in the High Court. Jacinta Allan has flagged that the Equal Opportunity Act – which protects workers from discrimination and harassment – could be used to cover some workers. What are legal experts saying? Legal experts have raised serious concerns about whether this will actually pass court challenges. University of Melbourne's John Howe, who specialises in labour relations, says there was a potential constitutional hurdle. 'There'll obviously be an implementation challenge for companies that are operating across states that have an inconsistent approach,' he said. 'There's the question of what Victoria does to enforce it … what apparatuses is Victoria going to use to try and monitor compliance? 'There'll be people who are opposed to it, employers who are opposed to it who bring the challenge.' Professor Howe, however, says there could be circumstances where employers who dismiss or disregard the new legislation are taken to court on discrimination grounds. 'There might be an argument that if you were declining to provide the (option to) work from home that you might be discriminating against workers who have legitimate reasons,' he said. 'There certainly might be areas where you could claim not recognising the right would be discriminatory.' Why has the government announced this? It's popular! Working from home part of the week is the norm post Covid and working families, particularly working mums, have structured their lives around the flexibility of three days in the office, two at home. It also forces the opposition into a corner. Support it, well they're giving Labor a tick of approval while turning on their business voter base. Oppose it and they risk losing the demographic they desperately need – women. What has the Premier said? Premier Jacinta Allan says the plan is all about working families, giving parents more time to be with their kids while also allowing them to save money by skipping the commute to the office. 'My Labor government will make working from home a right, not a request,' Ms Allan said. 'We will not stand by while workers, especially women, single mums, carers, get punished for needing balance in their lives.' She, however, has also picked a fight with private sector bosses, accusing them of refusing to allow employees to work from home to maintain 'power'. 'This isn't about whether the work gets done, it gets done. How have business leaders responded? Australian Industry Group head Tim Piper called the plan 'pure political theatre designed to wedge the state opposition'. 'The proposal is a serious government overreach that undermines business autonomy and further jeopardises economic confidence in the state,' he said. Australian Restaurant and Cafe Association chief executive Wes Lambert argued the proposal would only divide workplaces. 'This announcement today simply defies reality and only demonstrates the lack of understanding the current government has on how our economy works,' he said. Victorian Chamber of Commerce chief executive Paul Guerra warned it could force more businesses to flee interstate. 'If Victoria moves away from the legislated national system, businesses will move interstate and jobs will be lost,' he said. What has the Opposition said? State Opposition Leader Brad Battin knows it's not popular to restrict work from home arrangements. He, like all Australians, watched this play out on the national stage at the May election when his then federal counterpart, Peter Dutton, was forced to backflip on his policy to force public servants back into the office full time. He knows he's been cornered and is therefore being cautious. 'We support measures that help Victorians enjoy a better work-life balance, and will review any legislation closely, to ensure it supports flexibility, productivity, and personal choice,' he said on Saturday.


Perth Now
17 hours ago
- Perth Now
Crisis? What crisis? Musk awarded eye-watering share package
Tesla has granted CEO Elon Musk 96 million shares worth about $US29 billion ($A45 billion), a move aimed at keeping the billionaire entrepreneur at the helm as he fights a court ruling that voided his original pay deal for being unfair to shareholders. In 2024, a Delaware court voided Musk's 2018 compensation package, valued at over $US50 billion, citing that the Tesla board's approval process was flawed and unfair to shareholders. Musk kicked off an appeal in March against the order, claiming a lower court judge made multiple legal errors in rescinding the record compensation. Earlier this year, the EV maker said the board had formed a special committee to consider some compensation matters involving Musk, without disclosing any details. Tesla is at a turning point as Musk, its largest shareholder with a 13 per cent stake, shifts focus from a promised affordable EV platform to robotaxis and humanoid robots, positioning the company more as an AI and robotics firm than an automaker. Elon Musk is Tesla's largest shareholder with a 13 per cent stake. Credit: AAP 'While we recognise Elon's business ventures, interests and other potential demands on his time and attention are extensive and wide-ranging ... we are confident that this award will incentivise Elon to remain at Tesla,' the special committee said in the filing. The award is designed to gradually boost Musk's voting power, something he and shareholders have consistently said was key to keeping him focused on Tesla's mission, it added. Musk must pay Tesla $US23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 CEO Award, it said in the filing. Tesla's stock has lost about a quarter of its value so far this year as the company grapples with a decline in sales wrought by its aging vehicle line-up, tough competition and Musk's political stances that have alienated some potential buyers. The challenges have been worsened by US government cuts in support for EVs, with Musk saying at a post-earnings call last month that the waning subsidies could lead to a 'few rough quarters' for the company before a wave of revenue from self-driving software and services begins late next year.