Poltics
Scroll to top
Poltics Get hang of Get hang of accurate of entry to Code.
Enter your electronic mail handle and Crikey will ship a Verification Code
Enter the Verification Code sent to
to verify your epic.
The Verification Code will expire in 1 hour.
Desire some assistance?
Contact us on: toughen@crikey.com.au or name the hotline: +61 (03) 8623 9900.
There might be wage theft that various our best companies have interaction in, and then there’s what occurs when shareholders are left to foot the invoice for lengthy-departed executives.
![Big business, CEOs and wage theft: why shareholders might be entitled to protection too 3 Poltics Enterprise Council of Australia CEO Jennifer Westacott](https://www.crikey.com.au/wp-content/uploads/2023/09/20230831001836560405-original.jpg?w=740)
It’s been a tough week for gargantuan industry, with Qantas distracting all people from what employers thought the actual self-discipline ought to be — Labor’s noxious industrial family changes to better offer protection to “contractors” and to criminalise wage theft. Indulge in most IR changes in favour of workers — and the Dazzling Work Act itself, motivate when Julia Gillard secured passage of it in the Rudd years — it’s going to dwell investment, waste productiveness, atomize economic increase and otherwise herald the four horsepeople of the apocalypse.
The case of the wage theft factor of the invoice is attention-grabbing, nonetheless, because the lobby neighborhood for the best agencies, the Enterprise Council of Australia (BCA), can’t carry itself to oppose criminalisation. That might recount to the reality that, by our count, 39% of BCA members maintain been pinged for underpaying workers. And that involves one of the most critical worst offenders, akin to Wesfarmers, BHP, the stout banks, the Go8 universities and a number of stout regulations companies.
Poltics Read more about wage theft.
Become a subscriber to gain fat gain admission to to the websites, as smartly as our top rate newsletters.
Be a half of us
Already a subscriber? Log in to support reading.
Poltics In regards to the Authors
Bernard Keane
Politics Editor @BernardKeane
Bernard Keane is Crikey’s political editor. Before that he turned into Crikey’s Canberra press gallery correspondent, covering politics, national safety and economics.
Glenn Dyer
Enterprise and Media Correspondent
Glenn Dyer is Crikey’s industry and media correspondent.
Feedback
The Crikey comment piece is members-most efficient narrate. Please login to have interaction in the commentary.