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14/07/2022 | Public Access
Work health and safety update | 15 July 2022
Business survey on workplace mental health and use of technology ACCI is partnering with the Well & Productive Cooperative Research Centre on a funding bid. They are seeking assistance with gaining end-user insights into workplace mental health and, specifically, the role technology can play. If ACCI members can complete the...
14/07/2022 | Public Access
Workplace relations update | 15 July 2022
Family and Domestic Violence Leave In the parliamentary sitting week beginning on July 26 2022, the Government will introduce its legislation to include 10 days paid family and domestic violence leave into the National Employment Standards. ACCI has been engaged in the pre-legislation consultation process for the implementation of this policy and has indicated employers’ preference for any new...
14/07/2022 | Public Access
Economics update | 15 July 2022
Number unemployed almost reaches job vacancy rates The labour market has become extremely tight, with the latest ABS Labour force data showing unemployment down 0.4 percentage points to 3.5 per cent in June — its lowest level since August 1974. The number of unemployed people at 494,000 people is now only marginally...
08/07/2022 | Public Access
Employment and skills update | 8 July 2022
Employment Summit ACCI have held initial meetings with Brendan O’Connor’s office, the new Minister for Skills and Training. We have been told that the government is likely to hold its employment summit during the first week of September. ACCI will be involved in the setting of the summit with early...
08/07/2022 | Public Access
Workplace relations update | 8 July 2022
Secure Australian Jobs Plan ACCI has begun consulting with the newly elected government on the planned implementation of various aspects of their Secure Australian Jobs Plan.As has been reported publicly, the introduction of 10 days paid family and domestic violence leave into the NES will be the first priority in workplace...
08/07/2022 | Public Access
Economics update | 8 July 2022
Reserve Bank continues the process of normalising monetary policy At its July 5 meeting, the Reserve Bank Board raised the cash rate a further by 50 basis points to 1.35 per cent, the third increase in as many months. This continues the process of normalising the cash rate, winding back the extraordinary monetary support...
01/07/2022 | Public Access
Economics update | 1 July 2022
Job vacancies at almost half a million The labour market continues to tighten, with job vacancies increasing a further 14 per cent in May to a historic high of 480,000. This is more than double the previous highs experience prior to the pandemic. Over 25 per cent of businesses are reporting at...
01/07/2022 | Public Access
Tourism update | 1 July 2022
Tourism Research Australia releases National Visitor Survey This week, Tourism Research Australia released the National Visitor Survey for the March quarter 2022. The results show that while the industry is gradually recovering, the tourism sector still has a long way to go until it returns to its pre-pandemic levels. Quarterly results were...
23/06/2022 | Public Access
Workplace relations update | 24 June 2022
Workplace Policy Committee Meeting — Labor Government’s Secure Australian Jobs Plan On Thursday, June 23, 2022, ACCI’s Workplace Policy Committee (WPC) convened online to consider in further detail the Albanese Government’s planned changes to Australia’s IR system and the Fair Work Act, through its Secure Australian Jobs Plan. Annual Wage Review On Wednesday, June 15, 2022,...
23/06/2022 | Public Access
Tourism update | 24 June 2022
The latest Tourism Satellite Accounts were released, detailing quarterly tourism labour statistics. In the March quarter 2022, there were 645,000 filled tourism jobs. This was 2.4 per cent more than the December quarter 2021, and 3.6 per cent more than the March quarter 2021. However, when compared with estimates of tourism jobs...
23/06/2022 | Public Access
Economics update | 24 June 2022
Inflation to peak at 7 per cent by year’s end In a presentation to the American Chamber of Commerce earlier this week, Reserve Bank Governor Philip Lowe suggested people should be prepared for more pain in the coming months from rising inflation. The Reserve Bank is now expecting inflation to...
23/06/2022 | Public Access
Trade update | 24 June 2022
MC12 an “unprecedented package of deliverables” After years of delays and a one day extension, the WTO 12th Ministerial Council Meeting has concluded with positive outcomes achieved for business and the multilateral trading system. WTO director General Ngozi Okonjo-Iweala has described the meeting as an “unprecedented package of deliverables". Business welcomes the outcomes...
23/06/2022 | Public Access
Employment & skills update | 24 June 2022
Recent research indicates that Australian employers may be missing out on significant opportunity to address labour and skills shortages and broaden their workforce, due to lack of awareness about the tools available to support people with disability at work. JobAccess’s national survey, Understanding Disability and the Australian Workplace, revealed that 70 per cent of Australians haven’t...
16/06/2022 | Public Access
Energy update | 17 June 2022
AEMO suspends electricity market Earlier this week, the Australian Energy Market Operator (AEMO) took the unprecedented step to suspend the entire National Electricity Market (NEM), citing that it had become “impossible to operate’’. This enables AEMO to cap spot prices and direct generators to supply power into the grid. AEMO...
16/06/2022 | Public Access
Trade & International update | 17 July 2022
Australian Government Trade Priorities Minister for Trade and Tourism Senator the Hon Don Farrell and Assistant Minister the Hon Tim Ayres attended the 12th WTO Ministerial Conference (MC12) in Geneva. The Trade Ministers advocated for outcomes to support Australia's national interests, the rules-based multilateral trading system, and outcomes to accommodate...
16/06/2022 | Public Access
Work Health & Safety update | 17 July 2022
ACCI delegates including Peter Daly, CEO, Master Plumbers and Chair, ACCI Employment & Skills Committee, have returned from the International Labour Conference in Geneva this week having taken part in the historic agreement to adopt the fundamental right to a safe and healthy working environment. Following two weeks of final...
16/06/2022 | Public Access
Economics update | 17 July 2022
FWC hands a 5.2 per cent wage increase to low paid workers Earlier this week the Expert Panel of the Fair Work Commission handed down its 2022 Annual Wage Review decision. The Panel’s decision was comparatively complex, with multi-part increase in wages awarded. The National Minimum Wage (NMW) will increase...
16/06/2022 | Public Access
Tourism update | 17 July 2022
Tourism Research Australia released its State of the Industry 2021 report this week, providing data and insights on how Australia’s visitor economy has emerged from the pandemic, and the challenges and opportunities that lie ahead. The report reveals that total visitor spend is down 42 per cent compared with pre-pandemic levels, but...
09/06/2022 | Public Access
Employment and skills update | 10 June 2022
In the latest OECD economic outlook released this week, Australia was reported to be experiencing the second most severe labour shortages in the developed world, reinforcing ACCI’s calls for immediate government action to fix the labour and skills crisis. ACCI has been active in the media about the need for reforms to Australia’s skilled...
09/06/2022 | Public Access
Workplace relations update | 10 June 2022
Workplace Policy Committee Meeting — Labor Government’s Secure Australian Jobs Plan On Thursday, June 22, ACCI’s Workplace Policy Committee (WPC) will convene online to further discuss the new Labor government’s planned changes to Australia’s IR system and the Fair Work Act. We expect that the new government will move quickly to...