The Women’s Economic Security Statement: A Guide For Employers
This week, Minister for Women Kelly O’Dwyer MP announced a new package aimed at enhancing the financial independence of Australian women, encouraging more women into the workforce and helping them grow their businesses. The package is known as the Women’s Economic Security Statement.
The Package: An Overview
The Women’s Economic Security Statement is built around three pillars:
As part of the package, a suite of changes would be made to Australia’s Parental Leave system. Most notably, the new system parents would no longer have to take paid leave in one consecutive 18-week block. After the first 12 week period, parents would have the ability to break up their remaining Parental Leave in a way that best suits them.
What Does This Mean For Me?
You don’t need to take action just yet. Many of the provisions are still subject to Parliamentary approval. Just be aware that this is part of a longer-term Government strategy, which means that changes to workplace obligations are likely in the future.