Media


Consultation on non-compete clauses and other worker restraints - Media Release

The Government is today releasing an issues paper on non‑compete and related restraint clauses that seeks feedback from workers, businesses and the broader community on the use and impact of these clauses across the economy.

Surveys of employers and employees suggest that around 1 in 5 workers are subject to a non-compete clause hampering their ability to move to a better job. Non-compete clauses have been found to apply not only to senior executives, but to many low-wage workers, including boilermakers, hairdressers, early childhood workers and yoga instructors.

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Building the data to help investors direct their money and shape the world - Opinion Piece

Consumers and investors have long understood that what they buy, and the investment decisions they make, have the power to influence social, economic, and environmental challenges. As far back as the 1700s, John Wesley advised his congregants against "any sinful trade". When the Methodist Church began investing in the stock market at the turn of the 20th century, it avoided companies involved in alcohol and gambling. When investors saw the destruction of the Vietnam War in the 1970s, they created the first ethical fund - the Pax World Fund - so they could avoid investing in weapons and weapons manufacturers.

Meanwhile, debate has raged about what this all means for corporations, and how they balance their responsibilities to shareholders and to the public. It's vital to create a financial system in which Environmental, Social and Governance (ESG) factors into shareholder value, as much as acquisitions or sales. Without transparency and robust public reporting, how will we know about the ESG factors faced by a company, and make decisions about where to invest our dollars accordingly?

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The man who discovered people hate losing more than they like winning - Opinion Piece

Daniel Kahneman (1934-2024) was teaching air force flight instructors when one of them informed him that criticism worked better than praise.

Whenever they praised a successful performance, the instructor noted, the cadet pilot tended to get worse. By contrast, when instructors screamed at a pilot for a poor performance, the cadet generally improved.

Kahneman realised that the instructors were reacting to what statisticians call “regression to the mean”. Because performances are a function of both luck and skill, a lousy execution is typically followed by an improvement, while a great execution is typically followed by a deterioration.

But rather than turning the flight class into a maths lecture, Kahneman decided to illustrate the point by a simple exercise. He asked everyone to toss a coin over their shoulder towards a target. After the first attempt, people were ranked in their performance. They then tried again. As regression to the mean would predict, the best performers got worse, while the worst performers got better.

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ABC RN Breakfast with Sally Sara Monday 1 April - Transcript

E&OE TRANSCRIPT
RADIO INTERVIEW
ABC RN BREAKFAST WITH SALLY SARA
MONDAY, 1 APRIL 2024

SUBJECTS: Divestiture powers for competition regulators, the government’s work to improve supermarket competition, Meta removing news, News Media Bargaining Code, misinformation and disinformation.

SALLY SARA, HOST: The Greens and Coalition are working separately on powers that could forcibly break up the major supermarkets, although the government isn’t backing that idea just yet. Andrew Leigh is the Assistant Minister for Competition and Treasury, and joins me now, Andrew Leigh welcome back to the program.

ANDREW LEIGH: Thanks Sally, great to be with you and your listeners.

SARA: If the ACCC recommended divestiture for the big supermarkets would you consider it or is it completely off the table?

LEIGH: Well let’s see what the ACCC come back with, but it’s certainly true Sally if you look at previous competition inquiries, the Hilmer Review didn’t recommend divestiture, the Harper Review didn’t recommend divestiture. Daniel Mulino’s House Economics Committee has just brought down a terrific 280-page report on competition, it doesn’t recommend divestiture, and that includes the Coalition members of that committee. The National Farmers Federation have argued against divestiture, and the ACTU have made the point that it could potentially hurt workers. So we’re sceptical, but of course we’ll always look to advice from agencies and we’re looking eagerly to see what the ACCC comes back with in their supermarkets inquiry.

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Parliament Passes Labor’s Designated Complaints Measure – Consultations Now Open On Further Details - Joint Media Release

Joint media release with
Julie Collins MP
Minister for Small Business

PARLIAMENT PASSES LABOR’S DESIGNATED COMPLAINTS MEASURE – CONSULTATIONS NOW OPEN ON FURTHER DETAILS

Yesterday the Parliament passed the Competition and Consumer Amendment (Fair Go for Consumers and Small Business) Bill 2024. This reform, which forms part of the Albanese Government’s Better Competition election commitment, establishes a designated complaints function within the Australian Competition and Consumer Commission (ACCC) from July 2024.

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ABC Canberra Breakfast With Adam Shirley 19 March - Transcript

E&OE TRANSCRIPT
RADIO INTERVIEW
ABC CANBERRA BREAKFAST WITH ADAM SHIRLEY
TUESDAY, 19 MARCH 2024

SUBJECTS: Need to reform Parliament’s culture, role of factions, Government’s policies to encourage competition in the supermarket sector, proposals to break up the big supermarkets.

ADAM SHIRLEY, HOST: Dr Andrew Leigh had a life not in the political bubble at all until he entered it. He's now the Assistant Minister for Competition, Charities and Treasury and for some time, he's been the Federal Member for Fenner, Andrew Leigh, good morning to you.

ASSISTANT MINISTER FOR CHARITIES, COMPETITION, TREASURY AND EMPLOYMENT ANDREW LEIGH: Good morning, Adam.

SHIRLEY: Are you allowed, to be yourself, truly in the role you hold and the party you work with?

LEIGH: I think so, but probably one of the things that's worth throwing into the discussion is that politics is a team sport. So, that, for me, brings two obligations. In the locker room: you need to make an argument as to what you ought to do out in the field. Out in the field, you play the strategy you agreed in the locker room. So, that will have people having more robust conversations in the party room than will necessarily be reflected in the conversation in the broader society. Just as when the Raiders go out in the field, they don't play as individuals, they play as a team.

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ABC Canberra Drive with Ross Solly Thursday 14 March 2024 - Transcript

E&OE TRANSCRIPT
RADIO INTERVIEW
ABC CANBERRA DRIVE WITH ROSS SOLLY
THURSDAY, 14 MARCH 2024

SUBJECTS: Proposals to ban TikTok; benefits of four-year terms; John Howard’s belated backflip; case for fixed terms; teen mental health and social media.

ROSS SOLLY, HOST: Andrew Leigh is the member for Fenner and he joins us on the program this afternoon. Andrew Leigh, good to have you on the show.

ASSISTANT MINISTER FOR CHARITIES, COMPETITION, TREASURY AND EMPLOYMENT ANDREW LEIGH: Great to be with you, Ross.

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Tax Treaty Expansion Consultations Open - Media Release

TAX TREATY EXPANSION CONSULTATIONS OPEN

The Albanese Government is working to expand Australia’s global relationships with consultations opening on the expansion of Australia’s tax treaties network.

The Government is entering into new tax treaty negotiations with Brazil, New Zealand, South Korea, Sweden and Ukraine as part an expansion of Australia’s tax treaty network. Submissions are sought on the key outcomes Australia should seek in negotiating these tax treaties and other issues related to Australia’s tax treaty network.

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ABC Brisbane with Steve Austin - Friday 8th March 2024

E&OE TRANSCRIPT
RADIO INTERVIEW
MORNINGS ABC BRISBANE WITH STEVE AUSTIN
FRIDAY, 8 MARCH 2024

SUBJECTS: Pressure on Charitable Organisations; Employer Underpayments; Doubling Philanthropy; Competition Reform; Extraordinary Women in Economics.

STEVE AUSTIN, HOST: Well, as we heard in the news headlines, at a time when charitable organisations are facing unprecedented demand, some community service charities are closing their programs across the south east. You’ve heard the news today that one in particular has to repay $9 million in what turned out to be underpaid wages to current and former workers. Mercy Community estimates that 1,700 current and former staff have been affected by the underpayment.

Now, you’d be aware that here in Queensland it’s a criminal offence where you could face jail if you are found to have underpaid employees. As a result, they have to pay the former staff and current staff what they’re owed. To do that, they need to close their residential care, their transition services, their foster and kinship care, supported independent living services and an asylum seeker centre. You heard the details on the news.

As fate would have it, Australia’s Assistant Minister for Charities, Employment, Competition and Treasury is Andrew Leigh. He’s in Brisbane. Thanks for joining me in the studio.

ASSISTANT MINISTER FOR CHARITIES, COMPETITION, TREASURY AND EMPLOYMENT ANDREW LEIGH: A real pleasure, Steve. Great to be with you and your listeners.

AUSTIN: There seems to be an issue with not just this charity but others – Uniting Care here in Brisbane announced the sacking of 350 workers yesterday. Are charities under financial pressure at the moment?

LEIGH: Certainly charities are feeling the squeeze of the cost of living crisis, Steve. We’ve seen this particularly with food bank charities, which is why we gave an additional top-up funding to those food bank charities to get them through the year. Many Australians are feeling the pinch and for low and middle-income Australians often they’ll turn to charities for assistance.

We’re doing what we can both through the increases to the income support system in last year’s budget, the tax cuts which we’ve adjusted and so every taxpayer will get a tax cut on the 1st of July, and then supporting charities. The former government had an attitude of declaring a war on charities. The Albanese government wants to work with charities and engage with them to reduce the reporting challenges that they face and ensure that they’re able to thrive and grow.

But obviously, as you’ve said today with Mercy Community closing a number of services, paying your staff isn’t optional. Charities, like businesses, need to get that right. Mercy Community has a storied history in Brisbane going back to 1861. They’ll remain an important part of the social fabric here, and they’ve done the right thing in making sure they repay those staff who were underpaid.

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Sky Newsday with Kieran Gilbert - Thursday 29th February 2024

E&OE TRANSCRIPT
TV INTERVIEW
SKY NEWSDAY WITH KIERAN GILBERT
THURSDAY, 29 FEBRUARY 2024

SUBJECTS: Australian Competition and Consumer Commission inquiry into supermarkets; impact of Albanese Government’s bigger tax cuts for more Australians.

KIERAN GILBERT, HOST: Assistant Minister for Competition and Treasury, Andrew Leigh. Great to see you. This stunt yesterday by Andrew Wilkie and Bob Katter. They're calling for a divestment by the two major supermarkets. Is that possible? Can you force that?

ASSISTANT MINISTER FOR CHARITIES, COMPETITION, TREASURY AND EMPLOYMENT ANDREW LEIGH: We're not looking at divestment powers, Kieran. Where they exist in other countries, they're very rarely used. They're not one of the major tools you use for getting better prices for consumers. Instead, we're kicking off this supermarkets inquiry through the ACCC; the first such inquiry to be conducted in 16 years. The ACCC has just put out its issues paper looking at issues ranging from shrinkflation to discounting…

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Cnr Gungahlin Pl and Efkarpidis Street, Gungahlin ACT 2912 | 02 6247 4396 | [email protected] | Authorised by A. Leigh MP, Australian Labor Party (ACT Branch), Canberra.