Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
Penalty rates cuts will further blow out Budget bottom line



Download PDFDownload PDF

THE HON BRENDAN O’CONNOR SHADOW MINISTER FOR EMPLOYMENT AND WORKPLACE RELATIONS MEMBER FOR GORTON

PENALTY RATES CUTS WILL FURTHER BLOW OUT BUDGET BOTTOM LINE

Cuts to penalty rates will negatively impact the economy and worsen the deficit, according to modelling by the Australia Institute.

In addition to being a direct cut to low paid workers’ pay, the Australia Institute says the impact will blow a $650 billion hole in the Budget bottom line.

The new research comes as this out of touch Government tries to push through its grossly unfair $50 billion tax handout for big business, while supporting cuts to penalty rates.

If the financial pain that the cuts to penalty rates will cause low paid workers isn’t enough for Malcolm Turnbull to stop these cuts, then the blow to the budget bottom line is another reason he should stop the penalty rates cuts.

Just how many reasons does this Prime Minister need?

Malcolm Turnbull and his Government are not serious about fixing the deficit. If they were, they would stop their sustained attack on low paid workers and scrap the $50 billion tax handout.

This is a Government that, on 1 July, will give millionaires a $17,000 tax cut at the same time as low paid workers get a pay cut.

These are Malcolm Turnbull’s cuts: he supports them, he could stop them if he wanted. Up to 700,000 Australians will lose up to $77 a week because of Malcolm Turnbull’s cuts.

Labor knows that for these workers weekend penalty rates are not a luxury, they are what pay the bills and puts food on the table.

Labor supports the weekend and public holiday penalty rates Australian workers rely on. We will oppose Mr Turnbull's attempts to cut them in the Commission, in the Parliament and with you in the community.

If the Prime Minister truly cared about protecting workers he could support Labor’s Bill in the Parliament, which will stop his cuts to penalty rates and protect the take-home pay for people who rely on penalty rates into the future.

MONDAY, 27 MARCH 2017

MEDIA CONTACT: ERIN SMITH 0458 950 010