THE Australian Small Business and Family Enterprise Ombudsman Kate Carnell is calling on the Federal Government to make it easier for hard-working Australians’ wages and entitlements to be calculated correctly and paid on time.

“We want Australian workers to be paid what they are owed, at the right time,” Ms Carnell said.

“While the vast majority of small businesses fulfil their obligations to their employees, the award system itself is overly complicated and fluid, which can sometimes lead to the employer making honest mistakes.

“Of course employers who deliberately flout the law should be punished, but any new penalties for incorrect payments should take the complexity of the system into account," she said.

“It is critical small businesses be given the chance to rectify payment errors, when it’s clear the mistake was unintentional, rather than being automatically penalised. When penalties do apply, they should be proportionate to the nature of the breach. A fine that a large corporation could absorb, could devastate a small business.

“Small businesses are often run by a single person who does everything from management, to IT and payroll. That makes it difficult for them stay on top of award changes within the elaborate industrial relations system.

“Recent media stories of very large and high-profile Australian businesses who employ skilled and experienced HR teams, underpaying staff highlights the complexity of the award system. That’s why my office is calling for simplification of numerous industry awards, to help reduce payment errors and administration costs," Ms Carnell said.

"The rollout of single touch payroll provides an opportunity to calculate award wages and entitlements through an algorithm integrated into accounting software such as Xero, MYOB, Quicken and other software systems. This payment algorithm could be owned and updated by the Fair Work Commission to ensure correct wages and entitlements are correct and up-to-date.

“Finally, small and family businesses should not have to carry any additional administrative burden prompted by new proposals, particularly when they act quickly to resolve any errors that have been brought to their attention.”

www.asbfeo.gov.au

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ENERGY NETWORKS Australia has welcomed the release by the Tasmanian Government of the Tasmanian Renewable Hydrogen Action Plan.

Chief executive officer of Energy Networks Australia, Andrew Dillon, said hydrogen would play an important role in the sustainable energy future.

"Hydrogen can be produced from excess renewable power, providing clean energy that can be stored for when the sun doesn’t shine and the wind isn’t blowing,” Mr Dillon said. “As the energy sector continues to decarbonise and intermittent renewable generation increases, this storage capacity means hydrogen can play an important role in stabilising our energy system.

“Hydrogen technology is already being embraced around the world for domestic and commercial use in gas networks and to fuel passenger and freight trains.”

Mr Dillon said trials of hydrogen production, hydrogen blending into existing networks or exports were underway in every Australian state, with Tasmania’s strategy the latest addition.

“Energy networks are using renewable gases such as hydrogen made from solar and wind power to decarbonise our gas networks,” Mr Dillon said.

A recent update to Gas Vision 2050, released by Energy Networks Australia and the Australian Pipelines and Gas Association, showed that more than $180 million of funding had been committed nationally for hydrogen infrastructure projects.

Energy Networks Australia has previously released research confirming that the injection of hydrogen into Australian gas distribution networks can be done under current gas legislation.

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THE Queensland Resources Council (QRC) has welcomed a $13.8 million five-year Queensland Government package to encourage new discoveries of critical minerals to attract more overseas investment, drive more international trade and create more local jobs and economic prosperity.

QRC chief executive Ian Macfarlane, who is in Washington DC as part of a delegation led by Federal Resources Minister Matt Canavan to further develop the US-Australia trading partnership on critical minerals, said the package announced by Premier Annastacia Palaszczuk was based on consultation with the industry and would hit the right mark at the right time.

“Queensland has globally-significant reserves of copper, nickel, zinc,  graphite, and molybdenum and major deposits of cobalt, rhenium, scandium, tantalum, niobium, lithium, rare earths and vanadium,” he said.

Mr Macfarlane said the funding would including $9 million to unearth more and better geological information to help the industry identify new products and $4.8 million to re-examine old mine tailing and core samples for these minerals.

“These are the key areas QRC and the Queensland Exploration Council urged the Government to focus on and they have delivered.  We thank the Premier, the Deputy Premier, State Development Minister Cameron Dick and Mines Minister Anthony Lynham for the commitment of confidence into this growing sector,” he said.

“We also acknowledge the strong representations from the Australian Workers’ Union to encourage additional investment in exploration.  The AWU, like QRC, knows the investment in exploration delivers the new discoveries and the new jobs,” Mr Macfarlane said.

“Mount Isa itself owes its existence to the discoveries of the lone prospector John Campbell Miles in 1923.  It would be fitting if, through this funding, Queenslanders could welcome major new discoveries to celebrate the centenary of those original discoveries.

Mr Macfarlane said the package followed the government’s earlier commitment to upgrade the Townsville to Mount Isa rail line and commit $80 million to subsidise commercial freight users on the Mount Isa line over four years.

www.qrc.org.au

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NEWMONT Goldcorp Corporation (Newmont Goldcorp) said it looks forward to a long and productive partnership with Saracen Mineral Holdings Ltd. (Saracen) at Kalgoorlie Consolidated Gold Mines (KCGM) in Australia.

Earlier today, Saracen announced an agreement to purchase Barrick Gold Corporation’s 50 percent stake in KCGM. Newmont Goldcorp will remain the operator of KCGM and continue to manage the mine according to its leading policies and standards.

“We congratulate Saracen on its agreement to purchase Barrick’s stake in KCGM and we look forward to partnering with them to continue delivering value at this world-class asset, safely and efficiently,” said Tom Palmer, president and chief executive officer. “KCGM and the Golden Mile offer ongoing growth and value generating opportunities in Australia, which remains a core operating region for Newmont.”

Located in Kalgoorlie-Boulder in Western Australia, KCGM directly employs about 1,250 people and produced 636,000 ounces of gold in 2018. Operations began at KCGM in 1989 and the mine has produced 21 million ounces of gold over the last three decades.

About Newmont Goldcorp

Newmont Goldcorp is the world’s leading gold company and a producer of copper, silver, zinc and lead. The company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa. Newmont Goldcorp is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The company is an industry leader in value creation, supported by robust safety standards, superior execution and technical proficiency. Newmont Goldcorp was founded in 1921 and has been publicly traded since 1925.

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