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Limited wage-price spiral risk: IMF to RBA

The highly-orthodox IMF has told the RBA's annual research conference that it is "hard to find" recent wage-price spirals across advanced economies and that pay acceleration "should not be seen as a sign" that the corkscrew feared by the central bank "is taking hold", in a session in which new board member and former FWC president Iain Ross led discussion.


Catholic school workers vote down "punitive" deal

Queensland Catholic school teachers and support staff have rejected an employer deal by a narrow margin after the IEU labelled it "punitive" and warned of major cuts, while staff in Religious Institute and Edmund Rice schools have convincingly voted up their unilateral offer.

Agreements must include pay rates: FWC bench

A FWC full bench has confirmed that it can only approve enterprise agreements that include rates of pay, because their absence prevents it determining whether the deal passes the BOOT.

Inflation driven by prices, says ACTU gouging inquiry head

The chair of the ACTU's price gouging inquiry, former ACCC chair Alan Fels, has told a public hearing this is a "missing piece" in Australia's inflation story and there is a lot of resistance to the message that it is being driven by "prices themselves", while the Australia Institute says corporate profits must fall.

Mining and agriculture skewed productivity debate: PC

Productivity has far exceeded wage growth in mining and agriculture, but they have largely expanded together across the rest of the economy, and "productivity remains the key to continued wage growth and long-term prosperity", according to a new Productivity Commission report.

FWC gig power confined to platform workers: Burke

The Albanese Government's legislation to empower the FWC to set minimum standards for "employee-like" gig economy workers will apply only to work performed through digital labour platforms, Workplace Relations Minister Tony Burke will reveal in a speech to the National Press Club tomorrow.

Higher year two and three pay rises in new APS offer

The Australian Public Service Commission has tabled a revised APS pay offer that lifts total increases from 10.5% over three years to 11.2% and makes a 2.29% "re-alignment payment" for employees in some agencies as part of a shift to service-wide common dates for wage rises.

4% rise for federal parliamentarians

The Remuneration Tribunal has awarded a 4% pay rise for federal parliamentarians and the most senior public servants after noting that increases awarded over the past decade had been "conservative", including zero in 2020 and 2021 and 2.75% last year.

Director liable for underpayments despite limited understanding: Court

In a significant decision on directors' liability for underpayments, a court has found that although the co-founder of Chatime was unaware the bubble-tea chain was in breach of workplace laws, he understood enough about award obligations around casual and weekend penalty rates to be considered complicit.