(Newswire.net — May 28, 2020) — Like in every country in the world, Covid-19 has left its trace in Australia as well. With more than 7,000 infected and 100 deaths, the country managed to get out of the difficult situation without any complications and the state is on its way to open up. The country’s Prime-Minister, Scott Morrison, was one of the proponents of ending the coronavirus quarantine.
However, to further diminish the losses impacted by the virus, Australia adopted some reforms – most of which were negatively met by people. In this article, we will talk about these reforms and what they mean in essence.
Economic recovery reforms
The country announced opening up on the 8th of May to relieve tensions. Thousands of people lost their jobs due to coronavirus. The government decided to adopt a planning system, which would support small businesses and people. The country allocated over $30 million to develop the economic landscape in the country, inflicted by COVID.
Employment law changes
Employment laws regulate the relationship between employers and employees. The system is constantly evolving with some of the new innovations adopted in law. Both employers and employees should respect the law and follow it.
Australia’s regulatory landscape sees changes every year, both major and minor. No matter whether it is good Forex trading brokers Australia has or any other businesses, changes affect every industry across the country. One of the notable changes has been the minimum wage rate. Currently, the minimum wage in the country is $740 per week, and all businesses must adhere to this rule. However, the minimum wage has been met negatively several times. Opponents of this law declare that it further decreases the employment rate and is not beneficial for people.
There have also been updates on the National Privacy Act. According to this scheme, any access to unauthorized personal information which is likely to cause injury and damage to a person requires to be notified to all of the individuals at OAIC. When we talk about private information, it is always important to understand that this topic carries a lot of controversy in itself.
A new payroll called Single Touch Payroll is one of the newest initiatives, according to which, an employer should notify the Australian Taxation Office if he hires 20 or more employees. The information includes salaries and wages, as well as additional information. Actually, some of the employees do not like this law and question its existence.
Conclusion
Labour and employment laws have always been a source of controversy in various countries. There are arguments for and against every regulation – ideology plays a big role, and while some people may argue that a particular law is single-handedly bad or good, opposite opinions also exist. Australia managed to defeat, at least for now, the virus, but it is not going anywhere. And the problems regarding the changes in labour does not seem to be favourable for every citizen in the country.