Companies with more than 1000 employees will be forced to publicly reveal their gender pay gap, named and shamed if they fail to comply, and excluded from lucrative government contracts, under a Labor government.
Australia’s national gender pay gap is 15%, or $250 per week, which the agency says is its lowest level in two decades. This means that women earn around $27 000 less compared to men.
While companies already report their gender pay gap to the Workplace Gender Equality Agency, Labor would make that data publicly searchable, as well as the pay gap between managers and their employees.