HESTA has urged Federal Parliament to progress important legislation currently languishing in the House of Representatives that would fix a loophole that sees those earning less than $450 a month from an employer miss out on super.

HESTA CEO Debby Blakey called on all sides of politics to take this opportunity to prioritise improving the financial security of some of Australia’s lowest paid casual and part-time workers.

“We have a small of window of opportunity to ensure that this basic equity measure is passed and implemented by 1 July, but Parliament must act now,” Ms Blakey said.

“This basic equity measure will make an important difference to our members who spend their entire working lives caring for others.

“Super is meant to be for all Australians, paid on every dollar earned. Ending this outdated measure will send a strong message to those working in casual or part-time positions for multiple employers that their work is valued.”

The government had previously flagged the legislation would be dealt with by both houses of Parliament today, but the legislation has seemingly not been prioritised. The change has bipartisan support and is expected to pass, if the government progresses the Bill.

Ms Blakey said If Parliament rises tomorrow without passing the Bill, many casual and part-time workers would continue to be unfairly excluded from the full benefits of super.

“The government should not miss the opportunity to make a difference to the financial security in retirement for those Australians who need it most,” Ms Blakey said.

Many HESTA members working in health and community services are low-income earners, working a small number of irregular shifts for a range of employers. This means they may not meet the $450 threshold with one or more employers, further reducing their super balances at retirement.

“We know that women experience a gender super gap that results in them having more than a third less super than men,” Ms Blakey said.

“Scrapping the $450 threshold is long overdue. Parliament must not miss this opportunity to make our super system fairer for women and the lower paid.”

The government committed in its 2021-22 Federal Budget to removing "this antiquated threshold" that sees around 300,000 working Australians – about two-thirds of whom are women – miss out on the full benefits of super.

"If it does not pass before Parliament rises tomorrow, it is unclear whether the legislation will pass before a Federal Election. HESTA has been advocating for this change for many years and will continue to urge politicians to ensure it becomes law as soon as possible."

Ends.

THE Australian Parliament’s Northern Australia Committee has tabled the report of its inquiry: The engagement of traditional owners in the economic development of northern Australia.

The report found that Aboriginal and Torres Strait Islander peoples were keen to participate in the economic development of northern Australia, both for their own communities and for all Aboriginal and Torres Strait Islander peoples.

Committee Chair Warren Entsch MP said, "The challenge for traditional owners is to leverage the rights provided by native title and land rights for the economic and social advancement of their communities.

The bodies representing traditional owners have a very large burden of responsibilities and expectations placed upon them, but government funding and capacity-building support for them is insufficient. Secure, long-term funding is essential," Mr Entsch said.

"There are important new opportunities for traditional owners in emerging sectors of the economy. These include environmental protection initiatives such as savanna burning, land management, carbon abatement and renewable energy.

Opportunities like these have the special strengths of using traditional knowledge of country. They also support efforts to stay connected with country and to fulfill traditional obligations of custodianship."

Further information, including a copy of the report, can be obtained from the Inquiry website.

ends

THE Indigenous Affairs Committee inquiry into fostering better engagement with Aboriginal and Torres Strait Islander consumers will hear from the North Australian Aboriginal Justice Agency (NAAJA) at a public hearing this Thursday.

Committee Chair Julian Leeser MP said, "NAAJA had expertise on many of the issues currently faced by Indigenous consumers and the gaps that continue to exist in the corporate sector’s understanding of meaningful Aboriginal and Torres Strait Islander engagement.

"The committee looks forward to NAAJA’s insights and to having a productive discussion," Mr Leeser said.

Public hearing details

Date: Thursday, 10 February 2022 (AEDT)
11.35am    North Australian Aboriginal Justice Agency

A live audio stream of the hearing will be accessible at https://www.aph.gov.au/Watch_Read_Listen.

For more information about this inquiry, including its terms of reference, details of upcoming public hearings, and instructions on making a submission, please visit the Inquiry webpage. 

ends

THE House Economics Committee will be holding a public hearing via videoconference on February 10, focusing on the impact of recent amendments made to the Superannuation Industry (Supervision) Act 1993.

This public hearing is part of the committee’s ongoing Review of the Four Major Banks and other Financial Institutions, with the committee to hear from Australian Prudential Regulation Authority (APRA), Australian Securities and Investments Commission (ASIC), Treasury, and Professor Scott Donald.

Committee Chair Jason Falinski MP said, Amendments to Section 56 of the Superannuation Industry (Supervision) Act 1996 were made as part of the government’s response to the Hayne Royal Commission to protect the funds of members by preventing trustees from using these funds to pay for fines incurred by their own actions. However, there have been wide reports of superannuation funds seeking judicial opinions to contravene this provision.

"The committee deserves an explanation from APRA, ASIC and Treasury as to how they are interpreting these new provisions, and what actions they will take to ensure that the decisions made by Parliament are not easily and carelessly overturned. The committee would like to know how superannuation trustees could fund their penalties, and ways to do so that do not put member’s funds at risk or increase their fees."

The committee will also hear from UNSW Associate Professor Scott Donald, who specialises in governance within the superannuation sector.

Mr Falinski said, "Throughout this inquiry, the committee has remained concerned about consumers’ best financial interests. While the regulators will be an important focus of the committee at this hearing, we also look forward to hearing from Professor Donald and his perspective on recent events."

For more information about the hearings, or to read transcripts from previous hearings, visit the committee’s website.

Public hearing details

Date: Thursday 10 February 2022
Time: 9.15am to 11.30am
Witnesses: Professor Scott Donald, APRA, ASIC and Treasury

The hearing will be webcast at aph.gov.au/live.\

ends

THE Parliamentary Joint Committee on Intelligence and Security (PJCIS) has endorsed the use of the Telecommunications Sector Security Reforms (TSSR), making six recommendations to improve its continued operation and address industry concerns. 

The TSSR reforms were enacted in September 2018 to help manage the national security risks of espionage, sabotage and foreign interference in Australia’s telecommunications networks and facilities.

The committee commenced a review in late 2020 to ensure the operation, effectiveness and implications of the reforms were being achieved in line with the original intention of the government and the PJCIS when legislated in 2018.

The committee today presented its recommendations which address industry concerns on the operation of the existing framework, as well as to complement the continued evolution of the government’s cybersecurity and critical infrastructure reform agenda.

The six recommendations cover:

• ensuring that reforms and regulation are informed by the latest global network trends and threats;
• ensuring that the aim of increased security and cyber-resilience is a central object of the Telecommunications Act 1997; and
• increasing government and industry collaboration and information sharing in a collaborative working environment to ensure that threat-sharing is efficient, and that any further reforms are co-designed between industry and government to avoid regulatory duplication.

Chair of the committee, Senator James Paterson said the lives and livelihoods of Australians depended on safe and secure telecommunication networks and facilities.

"When our economy and way of life is so heavily reliant on telecommunication networks, this is an area of vulnerability that can be exploited by both state and non-state actors who may seek to cause us harm," Senator Paterson said.

"That’s why we need appropriate safeguards that empower both service providers and the government to protect our networks from national security risks.

"The Committee’s recommendations aim to refine the current operation of the reforms to help secure the telecommunications sector, to protect our economy and national security," Senator Paterson said.

Further information on the inquiry as well as a copy of the report can be obtained from the inquiry website.

ends

AUSTRALIAN company, Lloyds Auctions is supplying more than 400,000 highly sensitive bulk Rapid Antigen Tests (RATs) to Australian businesses as one of the nation’s cheapest tests available at $8 each.

“Aussie businesses have been left with only breadcrumbs to survive on during this pandemic, so we are choosing to help support struggling businesses by providing bulk quantities of Rapid Antigen Tests for only $8 each with no limits," Lloyds Auctions chief operations officer, Lee Hames said.

“As Josh Frydenberg commented today, it is time for the private sector to take the baton and continue to run hard,” stated Mr. Hames.

The 400,000 tests available are known as Cellife, one of the highest quality RAT tests on the market and available for distribution now.

"It should be recognised that not only have individuals been struggling to get these tests but both small and large Australian businesses, these are the people keeping our economy going and they are struggling to continue trading without having these Rapid Antigen Tests on hand," Mr Hames said.

"For this reason, we want to guarantee a supply to as many Australian businesses as possible allowing them to specify the quantity they need."

Lloyds Auctions has made similar contributions towards the community back in March 2020 at the start of the pandemic, when they were fortunate to receive thousands of bottles of sanitiser when Australia had next to nothing available. The team came together to give these sanitisers away to the community and have come into a similar circumstance yet again with these Rapid Antigen Tests.

"Like many Australian businesses struggling to trade during the pandemic we actually put a call out to our Lloyds family desperately asking for goods to sell on our site and someone replied saying they had hundreds of thousands of Rapid Antigen Tests for sale," Mr Hames said.

"Again, our team purchased tens of thousands of those which we gave away for free to individuals in need.

"The response so far has been overwhelming both physically and emotionally for our team who are passionate about helping people who are really struggling to find or afford these tests, but it is very rewarding, and people are extremely grateful," Mr Hames said.

RAT tests can be purchased on the Lloyds Auctions website at www.lloydsauctions.com.au 

Contact This email address is being protected from spambots. You need JavaScript enabled to view it. or call 1800 456 588 for a custom quantity of Rapid Antigen Tests for delivery until supply runs out.

ends

THE Parliamentary Joint Committee on Intelligence and Security has backed the enactment of greater oversight of the intelligence community in a new bill, with amendments.

In its review of the Intelligence Oversight and Other Legislation Amendment (Integrity Measures) Bill 2020, tabled today, the committee supports the passage of the bill following implementation of four key recommendations.

The Bill proposes to expand the oversight jurisdiction of the Inspector-General of Intelligence and Security (IGIS) to cover the intelligence functions of the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Australian Criminal Intelligence Commission (ACIC); and expand the oversight of the PJCIS to cover the intelligence functions of AUSTRAC.

The Bill forms part of the government’s response to the 2020 ‘Richardson Review’ of intelligence legislation.

The committee has recommended that the bill be passed by Parliament following implementation of four other recommendations:

• The remit of IGIS and PJCIS be further expanded to also cover the intelligence functions of the Australian Federal Police.
• In addition to IGIS, PJCIS be similarly provided with an oversight role over ACIC.
• The government review the scope and adequacy of legislative provisions relating to the retention and destruction of intelligence material.
• The government consider convening a regular meeting of the heads of intelligence integrity agencies, to discuss coordination of their work and promotion of integrity within the National Intelligence Community.

"In an era of strategic competition in the Indo-Pacific and rapid technological change, the government is rightly providing record funding and new powers to our intelligence community to meet new challenges and evolving threats," PJCIS Chair, Senator James Paterson said.

"It is vital oversight and scrutiny keeps pace with these new capabilities to retain public confidence and ensure scarce resources are most effectively targeted to the most serious risks,"Sen. Paterson said.

Further information on the inquiry as well as a copy of the report can be obtained from the inquiry website.

ends

LAST YEAR’s national trade figures are out – and it is great news for resource-rich Queensland.

According to the latest ABS data, in 2021 national resources and energy exports were up almost 30 percent on the previous year, setting a new Australian record of $348.9 billion.

Queensland Resources Council (QRC) chief executive Ian Macfarlane said the data showed national coal exports in the December quarter alone were valued at $23.8 billion, up almost 160 percent on the same quarter in 2020.

“LNG is a similar story, with exports in the December quarter valued at $18.3 billion, which is almost 150 percent higher than the same quarter the previous year,” he said.

Mr Macfarlane said the Queensland economy was the major beneficiary of a buoyant resources sector.

"Queensland Treasury figures show the total value of state exports rose by almost $16 billion last year to reach more than $79 billion,” he said.

“Around 80 percent (or $63 billion) of that amount comes directly from Queensland’s resources exports. Much of this growth was driven by coal, which is Queensland’s number one export and experienced a 45 percent (or $10.4 billion) increase in value over the past 12 months.

“That’s why it’s so important for our sector to get our response to climate change right - our industry supports the jobs of more than 420,000 people and 15,000-plus businesses around the state.

”We support our industry achieving net zero by 2050, and will be doing everything we can to lower our emissions and become more sustainable in the long-term using the best available technology.”

Mr Macfarlane said resources is by far Australia’s largest export earner, and the global outlook for coal, gas and metals is particularly strong.

“The latest forecasts estimate Australia's resources and energy exports will reach almost $380 billion this financial year, which will be another record result if that happens,” he said.

"The good news for Queensland is that a draft Queensland Resources Industry Development Plan is now in its final consultation phase, and once released will guide our industry’s transition over the next 30 years to a sustainable and prosperous future.

“The QRC and other industry groups have been consulting with the State Government on this plan over the past 12 months, to work out how to support responsible growth in the resources sector and set our state up for environmentally sustainable prosperity.

“This includes supporting our current strengths like coal, gas, aluminium and copper, as well as the emerging export markets for hydrogen, ammonia and battery and new economy minerals which are also a key part of Queensland’s future.”

www.qrc.org.au

ends