The Ai Group has expressed "significant" concern about ASIC advice that companies in the wake of the Rossato ruling must in their financial reporting provide for any leave, redundancy and public holiday pay prospectively owed to past and present regular casuals.
Federal Treasury has told the FWC's minimum wage panel to be cautious in accepting predictions of a "very strong snapback" in the unemployment rate, as the economy re-opens after the coronavirus pandemic.
The FWC will today hold its final hearing in this year's minimum wage review, in which employers and unions are divided over whether the domestic economy has started to recover from the coronavirus pandemic shutdown.
Unions objecting to a joint employer group bid for coronavirus-driven variations to building awards that would allow hours to be cut to zero have today also questioned its validity, given two of the peak bodies are not registered organisations.
The FWC will approve consent coronavirus-driven changes to the vehicle manufacturing, repair services and retail award if it doesn't receive any objections by late this afternoon, while it has endorsed a variation that delays half of a pay rise for six months at Ford Australia.