Business, households to pay after Labor's $9 billion IR hit

The Albanese government's new industrial relations reforms are expected to cost businesses $9 billion over the next decade, with the hit set to be passed on through"higher prices for consumers."

Despite the government's claim it would only affect about 66,446 workers, there are concerns that broad definitions as to what qualifies as"employee-like" could see that number grow. The legislation will then allow the Fair Work Commission to set minimum pay conditions for those workers following an application from a digital platform, the worker or unions.

Under the proposed reforms workers are classed as"employee-like" if they are paid at or below the rate of an employee performing comparable work or if they are deemed to have low bargaining power or control over the performance of their role. Picture: James Ross/Anadolu Agency via Getty Images That support is not guaranteed and sources indicate the government may have work to do before some crossbenchers agree to back the reforms.

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