Earnings up 2%; Registered Organisations Bill

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Earnings up 2%; Registered Organisations Bill

Average weekly earning rose two per cent in May; and a Senate Committee has released its report on the Fair Work (Registered Organisations) Amendment Bill 2014 [No.2]

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Average weekly earning rose two per cent in May; and the Senate Education and Employment Legislation Committee has released its report on the Fair Work (Registered Organisations) Amendment Bill 2014 [No.2]

Average weekly earnings rise two per cent


Average weekly earnings increased by two per cent to $1,484.50 in the 12 months to May, according to the latest Australian Bureau of Statistics figures.
 
The full-time adult average weekly total earnings (which includes overtime earnings) in May 2015 was $1,545.60, a rise of 1.8% from the same time last year.
 
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Committee releases report on Bill


The Senate Education and Employment Legislation Committee has released its report on the Fair Work (Registered Organisations) Amendment Bill 2014 [No.2].

It recommends the Senate pass the Bill, however this is unlikely given its current makeup. 

The Bill seeks to impose requirements on the financial management of unions and employer associations, including a new commissioner to oversee their operation. It was introduced into Parliament in March this year in amended form, only two weeks after being voted down by the Senate. 

Other major proposals in the Bill include increasing civil penalties and introducing criminal penalties for officers who seriously breach their duties, similar to those already contained in the Corporations Act.

The government argues that union officials receive lesser penalties for breaching their duties than do officers of corporations.
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