Fair Work Act Review. The Fair Work Act 2009 and the Workplace Relations Amendment (Transition to Forward with Fairness) Act 2008 came into full effect on 1 January 2010.
Due to the scale of the reforms to Australia’s workplace relation system, the former Australian Government made a commitment to review the operation of this legislation after two years. The Fair Work Act Review was conducted by a panel of eminent Australians, comprising Reserve Bank Board Member Dr John Edwards, former Federal Court Judge, the Honourable Michael Moore and noted legal and workplace relations academic Professor Emeritus Ron McCallum AO.
As part of the review the panel invited employee organisations, employer organisations and other interested parties to provide submissions in response to a. Platforms try new degree of difficulty. Clawback clause won’t scratch many. ‘Execute, or you’re executed’: Deloitte. Agnes King Tough on staff but honest about it . . .
Deloitte Australia chief executive Giam Swiegers Photo: Nic Walker Deloitte Australia chief executive Giam Swiegers says his firm is more adept at “weeding out” underperforming staff than rivals Ernst & Young, KPMG and PwC. That’s why it hasn’t had to employ cost-cutting measures observed at other firms in recent months. “The word ‘execute’ has two meanings in Deloitte: you execute or you’re executed,” Mr Swiegers said. The South African insists that this does not translate into higher attrition across the firm.
“I suspect that our total staff turnover is lower than the others, but our non-voluntary turnover higher,” he said. All big four accounting firms measure attrition in slightly different ways, making it difficult to test the veracity of Mr Swiegers’ statement. Deloitte is once again the outlier among the big four accounting firms. CBA adjusts lending role. Credit markets still apprehensive about banks. Tax holiday for shipping. Big funds may opt out of risk system. Barrie Dunstan The strategy may lead to capital losses for older members Photo: Michele Mossop.
RBA sees no US-style housing meltdown. Adrian Rollins Economics correspondent Luci Ellis, head of the RBA’s financial stability department, reassures Australian homeowners that they don’t face any US- or UK-style housing meltdown.
Photo: Jim Rice Home owners need to get used to house prices going down as well as up, according to a senior Reserve Bank of Australia official. RBS takes a big hit on Greek debt. Downgrade likely for NAB’s British bank. NAB lifts its business rate. Gonski report - Vast education ambition a massive. Reading Gonski: a mud map for the minefield - The Drum Opinion - David Gonski has provided a potent instrument with which to affect education reform, if the Gillard Government were politically adept to use it. Find More Stories Reading Gonski: a mud map for the minefield Ben Eltham I come from a teaching family.
My parents met at teachers college. My dad went off to a varied career that included national service, town planning, university lecturing, and a stint as policy advisor to former state Labor education minister, Dean Wells. I saw a bit of Wells as a kid and young adult, therefore. Wells' is a voice worth recalling in the current education debate, because during his term as education minister under Peter Beattie, Wells fought in vain against John Howard's then-education minister David Kemp, who pushed through many of the schools funding reforms that remain with us today. These were the changes to the way non-government schools are funded, particularly by the Commonwealth, that led to huge increases in funding for elite private schools, and a massive expansion in funding to the non-government education sector in general.
But political willpower is never in plentiful supply. Email Share x. Don’t Mention The Class War. Parents have plenty to study in the Gonski report — including data that shows expensive schooling isn't producing rich results for the students, or the country.
Let's start with a simple statement with which everyone can agree: education is the key to this country's future. Now, a statement with which large numbers of people will disagree vehemently: private schools are making Australia dumber. Please discuss. Gonski's $5 billion School Fee. All eyes on Gillard and Gonski Reports of rebel Labor MPs' plans to spill the PM, and Gonski's $5 billion cost, as online political editor Tim Lester runs over the day's political news. 21, 2012 Federal government funding for every student regardless of the income of their parents or the wealth of their school is now part of a ''citizenship entitlement'', with the Prime Minister, Julia Gillard, yesterday in effect declaring it part of a new Australian compact.
But while Ms Gillard committed her government to fund all schools regardless of wealth or need, she refused to commit the money that the long-running review of school funding says is needed to restore Australia's ailing education system to health. How Target Figured Out A Teen Girl Was Pregnant Before Her Father Did. How Companies Learn Your Secrets. AM - Figures cast doubts on big banks' reasoning for rate hike 21/02/2012.
TONY EASTLEY: A French banker has said what many Australian borrowers suspect - that recent interest rate hikes by banks in Australia is more to do with protecting profit margins than higher funding costs.
Research by Société Générale using publicly available data from the Reserve Bank and the Australian Prudential Regulation Authority show nearly all funding costs are falling. The big four banks recently raised their lending rates between six and 10 basis points, citing rising funding costs. PM - Reserve Bank says rising bank costs are a fact 21/02/2012. MATT PEACOCK: An interest rate strategist from the international banking giant, Société Générale, has sparked a new round of the interest rate debate by labelling the banks' justification for raising rates as "dubious".
Christian Carrillo says that public available data shows most of the banks' funding costs have actually been going down, and the rate rises are simply protecting their "high profits". But the Reserve Bank governor Glenn Stevens today emphatically refuted this research, saying that the RBA's figures show bank funding costs have fallen at a slower pace than the official cash rate. Business reporter Michael Janda was at Mr Stevens' speech and has this report. MICHAEL JANDA: After the Reserve Bank left the cash rate on hold two weeks ago, many banks decided it was time to set their own interest rate policy.
All four major banks, and many of the smaller ones, lifted rates by between 6 and 15 basis points. Rising Aussie bank costs 'impossible', says French bank. "The claim that the recent increase in mortgage rates is due to higher funding costs is very dubious" ...
RBA governor backs banks on rate rises.