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BHP pay ruling leaves ‘very wide grey zone' for contractors

BHP pay ruling leaves ‘very wide grey zone' for contractors

A landmark ruling calling out BHP's 'services' subsidiary as labour hire has left grey areas about who will be exempt from the Albanese government's same job, same pay laws, even as traditional service contractors such as cooks and cleaners are likely to remain safe.
The Fair Work Commission ruled on Monday that BHP's in-house labour subsidiary Operation Services was not an exempt service contractor as claimed and its 2200 workers across three Queensland mines must be paid the same as direct hires, at an estimated cost of $66 million.
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Aussie dollar hits eight-month high as shares slide; Macquarie down, Fortescue jumps
Aussie dollar hits eight-month high as shares slide; Macquarie down, Fortescue jumps

Sydney Morning Herald

time3 hours ago

  • Sydney Morning Herald

Aussie dollar hits eight-month high as shares slide; Macquarie down, Fortescue jumps

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RBA tempers the doves as it sells its slow and steady strategy
RBA tempers the doves as it sells its slow and steady strategy

AU Financial Review

time7 hours ago

  • AU Financial Review

RBA tempers the doves as it sells its slow and steady strategy

A lot can happen in nine months. When National Australia Bank executive Cathryn Carver introduced Reserve Bank governor Michele Bullock to deliver the annual Anika Foundation address on Thursday, she gave a snapshot of the world in September last year. That was the last time the function was held to raise money to address youth depression. Kamala Harris had momentum in her run for the White House, while in Australia, the Albanese government's grip on power looked shaky. The main act, Bullock, was yet to cut interest rates even as her central banking peers were lowering their settings. Australians were still feeling the strains of higher prices as cost-of-living pressures mounted.

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