Industry funds push for gig workers to get paid super

Industry funds are lobbying the Albanese government to establish super entitlements for the gig economy as part of its upcoming regulation of the sector, estimating they would add $29,000 to the average gig worker’s retirement.

Industry Super Australia chief executive Bernie Dean said workers “critical” to care industries, and deliveries, have “every right to share in the benefits of what is meant to be a universal saving system”.“Paying gig workers super isn’t just the right thing to do, it makes economic sense because they’ll be more self-sufficient in retirement and less reliant on the aged pension, which we all pay for through taxes,” he said.

The report estimates such super contributions would grow to $17,200 at retirement if the worker spent three years in the industry and $28,700 if in gig work for five years. An Uber spokesman did not specify whether it supported super but said, “we support workplace reform that improves benefits and protections for gig workers while preserving the flexibility they’ve told us they value”.

However, since then, Mr Burke and the Department of Employment and Workplace Relations have held several meetings with platforms, as well as unions and workers.The department also published a list of guiding principles for the reforms, including that they “mitigate, to the greatest extent possible, unintended consequences for workers, businesses, consumers, and other aspects of the labour market”.

Mr Burke flagged in an interview in June on gig workers entitlements that “you want them to be able to get superannuation”.

This will lead uber eats to go bankrupt which is a good thing since they’re such a rip off. However Gig workers operate as sole traders or businesses hence they won’t be paid super.

Stop calling them Industry Funds…they are Union Funds. This is just another initiative to take money from businesses, and use it to increase union power

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Aukus Jobs’ recruitment firm promises efficiency for defence industry, but department denies affiliationWeb domain was secured two days after nuclear submarine plan announced but CEO says it ‘never pretended to be’ a government entity Got to wonder why the Guardian thought this was a story but good to see AUKUS Jobs getting some visibility for its skill matching system
Source: GuardianAus - 🏆 1. / 98 Read more »

Porter Davis collapse a ‘shadow’ of the problems housing industry faced last yearThe collapse of building company Porter Davis is a “shadow” of the problems the housing industry faced last year, says Housing Industry Association Chief Economist Tim Reardon. “Rapid increase in material prices, longer build times, meant that builders were carrying more cash or more liability over a longer period of time than what they typically do,” he told Sky News Australia. ‘As a consequence, a number of them are experiencing cash flow problems.” It's just beginning So its ok to bail out quantas, but during a housing crisis wont bail out builder
Source: SkyNewsAust - 🏆 7. / 78 Read more »