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Crucial changes to unpaid parental leave
Australia's Fair Work Act recently made crucial changes to unpaid parental leave. Now, parents have more flexibility
Maziar Foroudian
October 17, 2023
Latest Stories
Recent findings from NAB sheds light on the evolving landscape of Australia’s labor force, revealing a workforce in transition.
Australians have 20 days to join a Treasury consultation on Payment Systems (Regulation) Act 1998 reforms, open for submissions until November 1, 2023.
Labor finds itself under increasing pressure to advance crucial components of its own proposed workplace law overhaul.
How the changes to unpaid parental leave requirements interact with the government’s paid parental leave scheme and any additional discretionary paid parental leave.
Top stories
A recent decision by the Administrative Appeals Tribunal challenges the Australian Taxation Office's interpretation of specific trust distribution rules, potentially having significant financial implications for trusts and beneficiaries. The case has caught the attention of the accounting community and may lead to further Division 7A reform.
Labor and the crossbench plan to team up to push through workplace law reforms, putting pressure on the government. The legislation includes closing loopholes and adding protections for workers.
Australia
Australia has fined social media service X, formerly known as Twitter, for failing to disclose its efforts to combat child exploitation. X claimed its detection of abusive material declined after Elon Musk bought the company.
Australia is set to introduce crypto exchange regulations, requiring exchanges with over $5 million in aggregate to obtain an Australian Financial Services Licence. The move aims to protect investors and mitigate scams.
Australians have rejected a proposal to recognize Indigenous people in the country's constitution, dealing a blow to reconciliation efforts and continuing discrimination.
Australian Economy
Federal treasurer Jim Chalmers must ask the new Reserve Bank governor to accept an employment target the government has determined as the embodiment of the fine ambitions expressed in its white paper.
As employers begin to set limits on remote work, tensions rise between those who prefer flexibility and those advocating for a return to the office. The debate over productivity, trust, and employee well-being ensues.
World
China's Belt and Road Initiative (BRI) has brought both development and debt to South Asian countries. While Chinese investments have aided infrastructure growth, they have also left nations struggling to repay hefty loans. As China's economic influence in the region faces challenges, other global actors are stepping in.
European Commission President Ursula von der Leyen and Italian Prime Minister Giorgia Meloni recently visited Lampedusa, a main arrival point for migrants from North Africa. This odd sight comes after Meloni quietly backpedaled on her anti-immigrant stance.
ABS Capital, a growth equity firm, closed a transaction supporting two portfolio companies, LabConnect and Viventium, allowing for continued growth and offering liquidity to existing partners.
Tech
From utilizing user-generated content to creating minimalistic designs, these 17 brands have mastered the art of ecommerce websites. Discover the strategies they use
Meta's new AI Personas, played by celebrities like Kendall Jenner and Snoop Dogg, are strange and unsettling chatbots that attempt to humanize the conversation. But beware, your messages might not be private.
The demise of the metaverse reflects Silicon Valley's inability to understand fun and waste time, as shown by the dominance of productivity apps and the lack of compelling games.
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The price of fertilizer has skyrocketed in Africa, leading to scarcity, diminishing harvests, and rising food prices. Global shocks, including Russia's war on Ukraine and climate change, are threatening livelihoods and challenging traditional trade orthodoxy.
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