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Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Protecting Worker Entitlements Reform
Australia | Publication | August 2023
This article was co-authored with Lachlan Crosbie.
Employers need to be aware of key changes to legislation protecting employee rights which will commence in the coming months.
The Fair Work Legislation (Protecting Employee Entitlements) Act 2023 (Protecting Employee Entitlements Act) marks the Government’s second major reform to the Fair Work Act 2009 (FW Act).
The Protecting Employee Entitlements Act builds on prior reforms, and introduces further amendments in relation to:
- migrant workers;
- unpaid parental leave;
- superannuation;
- workplace determinations;
- employee authorised deductions; and
- the coal mining long service leave scheme.
The Protecting Employee Entitlements Act follows the Fair Work Legislation (Secure Jobs, Better Pay) Act 2022 (Secure Jobs Act) that came into force in December 2022. For further information on these reforms, refer to our previous article summarising the changes here.
This update provides a timeline for employers of when the reforms in the Protecting Employee Entitlements Act come into effect, as well as the residual reforms under the Secure Jobs Act that are yet to be implemented.
Key dates for employers: Workplace reforms in 2023 and 2024
* https://www.fairwork.gov.au/
** https://www.nortonrosefulbright.com/en-au/knowledge/publications/737cab3a/a-last-sunset-for-zombie-agreements
Partner | Global Co-Head and Team Leader of Employment & Labour
Email
jason.noakes@nortonrosefulbright.com
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