Australian workers back-paid $473 million - PowerPoint PPT Presentation

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Australian workers back-paid $473 million

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Australian workers recovered $473M in back pay! Learn how the Fair Work Ombudsman is ensuring fair treatment. – PowerPoint PPT presentation

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Date added: 2 January 2025
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Title: Australian workers back-paid $473 million


1
Australian workers back-paid 473 million
2
  • In 2023-24, Aussie workers clawed back a whopping
    473 million in owed wages, thanks to the Fair
    Work Ombudsman (FWO), which brought the total
    back-pay for underpaid workers to a staggering
    1.5 billion over the past three years. This past
    year marked a record for the FWO, as it secured
    the highest penalties in its 15-year
    history21.2 million in court-ordered fines from
    various employers.

3
  • The FWOs latest Annual Report revealed that
    large corporate employers were responsible for
    more than half of these recoveries, paying over
    333 million to nearly 110,000 employees. Since
    July 2020, this sector alone has repaid workers
    877 million. Acting Fair Work Ombudsman Michael
    Campbell highlighted the FWOs focus on holding
    big employers accountable, which has helped
    instill a culture of compliance across Australian
    workplaces.

4
  • The Fair Work Ombudsman is driving change so
    Australias biggest employers, just like smaller
    ones, make compliance a priority, Campbell said.
    Getting owed wages back into workers pockets
    really makes a difference and ensures a fair go
    for employers doing the right thing.

5
  • This years enforcement saw some major legal
    wins, including 10.3 million in penalties
    against the Commonwealth Bank and CommSec, and
    over 4 million against Din Tai Fung restaurants.
    Notably, nearly 8 million of total penalties
    were linked to cases involving migrant workers,
    underscoring the FWOs commitment to protecting
    vulnerable workers.

6
  • The FWO also tackled compliance issues through
    other measures, filing 64 new court actions,
    entering into 15 Enforceable Undertakings with
    businesses (securing 30.2 million in back-pay),
    and issuing 2,574 Compliance Notices to recover
    16.9 million in unpaid wages. Meanwhile, 760
    Infringement Notices for record-keeping or pay
    slip breaches saw fines totaling 986,616, up
    from the previous year.

7
  • Looking ahead to 2024-25, the FWO plans to focus
    on high-risk sectors like aged care, agriculture,
    construction, disability support, fast food, and
    universities, while continuing its support for
    small businesses and at risk workers across the
    country.
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