Gender Pay Gap Action – Changes in 2024

24/01/2024

In March 2023 the Workplace Gender Equality Amendment (Closing the Gender Pay Gap) 2023 Act (‘WGEA’) was passed. These amendments are intended to reduce gender inequality in the workplace, and increase the mandatory reporting obligations for reporting organisations (being those with more than 100 employees) from the 2024 reporting period.

Key Changes:

The changes require employers with more than 100 staff to:
• share their WGEA Executive Summary and Industry Benchmark Report with their Board (or governing body);
• from 1 April 2024, report to WGEA on additional data sets, specifically the age of employees, primary workplace location as well as the remuneration of the CEO, head of business and casual manager; and
• from 1 April 2024, report (as part of the annual WGEA reporting process) instances of sexual harassment and harassment on the grounds of sex or discrimination, as well as information about supports available to staff.

From 1 April 2024, larger employers with more than 500 employees must have a policy or strategy in place that target and address each of the six gender equality indicators.
From 2024, WGEA will also begin publishing the gender pay gap of employers with more than 100 employees. This will begin with private sector organisations from early 2024 and move to Commonwealth sector organisation’s from late 2024 into early 2025. Employers are not be required to change their reporting to facilitate this.
It is intended that these additional reporting obligations and reporting by WGEA will increase transparency, encourage action and discussion on the managing bodies of Boards to work towards reducing the gender pay gap.

Recommendations for Employers
Employers which fall under this Act, should ensure they are in a position to provide the new mandatory reporting information from April 2024.

Parental Leave for Casual Employees

For casual employees the unpredictability of their employment can be a major source of stress as often casual employees miss out on many of the entitlements that full-time and part-time employees enjoy. For many, this concern is further exacerbated when they learn that they are about to become a parent. It should therefore be of …
Read more

Purchasing an Off-the-Plan Property

The interest in “off-the-plan” properties is ever increasing and is becoming more popular for buyers. An off-the-plan purchase is one where the Buyer enters into a contract to purchase a property that has not yet been constructed. Due to the prolonged settlement period for an off-the-plan purchase it is imperative for buyers and sellers to …
Read more