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Issue 10, 18 May 2022 - Wages stalled ahead of Minimum Wage Case and Federal Election
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<!DOCTYPE html><html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" lang="en"><head><title></title><meta http-equiv="Content-Type" content="text/html; charset=utf-8" /><meta name="viewport" content="width=device-width,initial-scale=1" /><!--[if mso]><xml><o:OfficeDocumentSettings><o:PixelsPerInch>96</o:PixelsPerInch><o:AllowPNG/></o:OfficeDocumentSettings></xml><![endif]--><!--[if !mso]><!--><link href="https://fonts.googleapis.com/css?family=Montserrat" rel="stylesheet" type="text/css" /><!--<![endif]--><style> *{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{color:inherit!important;text-decoration:inherit!important}#MessageViewBody a{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.desktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}@media (max-width:820px){.row-content{width:100%!important}.image_block img.big{width:auto!important}.column .border,.mobile_hide,.row .side{display:none}table{table-layout:fixed!important}.stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide table{display:table!important;max-height:none!important}} </style></head><body style="background-color:#fff;margin:0;padding:0;-webkit-text-size-adjust:none;text-size-adjust:none"><table class="nl-container" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff"><tbody><tr><td><table class="row row-1" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class="row-content stack" align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;width:800px" width="800"><tbody><tr><td class="column column-1" width="100%" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top;padding-top:5px;padding-bottom:5px;border-top:0;border-right:0;border-bottom:0;border-left:0"><table class="image_block" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tr><td style="width:100%;padding-right:0;padding-left:0"><div align="center" style="line-height:10px"><img class="big" src="https://d15k2d11r6t6rl.cloudfront.net/public/users/Integrators/a094431a-3703-47bd-bc1b-c32d6c8901d6/me_qta/2022%20IR%20Alert.png" style="display:block;height:auto;border:0;width:800px;max-width:100%" width="800" /></div></td></tr></table></td></tr></tbody></table></td></tr></tbody></table> <table class="row row-2" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class="row-content stack" align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;width:800px" width="800"><tbody><tr><td class="column column-1" width="100%" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top;padding-top:5px;padding-bottom:5px;border-top:0;border-right:0;border-bottom:0;border-left:0"><table class="text_block" width="100%" border="0" cellpadding="10" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><td><div style="font-family:Verdana,sans-serif"><div class="txtTinyMce-wrapper" style="font-size:14px;font-family:Verdana,Geneva,sans-serif;mso-line-height-alt:16.8px;color:#000;line-height:1.2"><p style="margin:0;font-size:14px"><strong>Issue 10, 18 May<span style="color:#000000;"> 2022</span></strong></p></div></div></td></tr></table></td></tr></tbody></table></td></tr></tbody></table><table class="row row-3" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class="row-content stack" align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;width:800px" width="800"><tbody><tr><td class="column column-1" width="100%" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top;padding-top:5px;padding-bottom:5px;border-top:0;border-right:0;border-bottom:0;border-left:0"><table class="divider_block" width="100%" border="0" cellpadding="10" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tr><td><div align="center"><table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%" style="mso-table-lspace:0;mso-table-rspace:0"><tr><td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #bbb"><span> </span></td></tr></table></div></td></tr></table></td></tr></tbody></table></td></tr></tbody></table><table class="row row-4" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class="row-content stack" align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;width:800px" width="800"><tbody><tr><td class="column column-1" width="100%" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top;padding-top:5px;padding-bottom:5px;border-top:0;border-right:0;border-bottom:0;border-left:0"><table class="heading_block" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tr><td style="text-align:center;width:100%"><h1 style="margin:0;color:#000;direction:ltr;font-family:Arial,Helvetica Neue,Helvetica,sans-serif;font-size:26px;font-weight:400;letter-spacing:normal;line-height:120%;text-align:center;margin-top:0;margin-bottom:0"><span style="color: #a42036;"><strong>Wages stalled ahead of Minimum Wage Case and Federal Election</strong></span><br /></h1></td></tr></table></td></tr></tbody></table></td></tr></tbody></table><table class="row row-5" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class="row-content stack" align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;width:800px" width="800"><tbody><tr><td class="column column-1" width="100%" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top;padding-top:5px;padding-bottom:5px;border-top:0;border-right:0;border-bottom:0;border-left:0"><table class="text_block" width="100%" border="0" cellpadding="10" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><td><div style="font-family:Verdana,sans-serif"><div class="txtTinyMce-wrapper" style="font-size:14px;font-family:Verdana,Geneva,sans-serif;mso-line-height-alt:21px;color:#000;line-height:1.5"><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"> <span style="font-size:13px;">Ahead of public consultations in this year's minimum wage case, the ABS has released the latest annual Wage Price Index. With the report showing that wage growth has been significantly outpaced by inflation, the need for intervention has both been central to minimum wage case submissions and a policy platform ahead of the Federal election.</span></p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"> <span style="font-size:13px;"><strong> </strong></span></p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"><span style="font-size:13px;"><strong>Wage Price Index</strong></span></p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"> <span style="font-size:13px;">Released 18 May 2022, the Australian Bureau of Statistics (ABS) has reported that private sector rates of pay, excluding bonuses, have increased by 2.4% annually in the March quarter, unchanged from the December quarter. By comparison, consumer prices have risen at more than double the pace, at the rate of 5.1% annually in the March quarter. It is anticipated that this gap is likely to widen further, with the Reserve Bank of Australia (RBA) predicting consumer prices to rise to 5.5% mid-year, and 6% by year's end.</span> </p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"><span style="font-size:13px;"><strong> </strong></span></p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"><span style="font-size:13px;"><strong>Minimum Wage Case Submissions</strong></span></p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"> <span style="font-size:13px;">In line with the RBA’s prediction, the Australian Council of Trade Unions (ACTU) has sought an increase to the minimum wage by 5.5% in this year’s minimum wage case, up from earlier submission of 5.1%. This increase is supported by the Australian Services Union. Like the ACTU, following the RBA prediction the AI Group and ACCI both reviewed their initial submissions to the wage case, each increasing their rates by 0.5% to 2.5% and 3% respectively. Both have argued the impending 0.5% increase to the Superannuation Guarantee to 10.5% justifies why a higher increase to the minimum wage may not be needed for the wages to keep pace with inflation.</span> </p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:21px"> </p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"><span style="font-size:13px;"><strong>Election Policy Platform</strong></span></p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"> <span style="font-size:13px;">On the political side, Labor has announced support for an increase in the minimum wage matching the current inflation rate of 5.1%, an the intent to make a submission to the Fair Work Commission (FWC). In their submission to the FWC, the Government did not seek any specific increase, but rather warned against larger increases due to their impact on employment. Interestingly, the Greens in their <a href="https://www.fwc.gov.au/documents/wage-reviews/2021-22/submissions/adambandt-sub-awr2122.pdf" style="color: #0612f0;">submission</a> urged the FWC to lift the minimum wage to 60% of median weekly earnings, a similar target set by the UK.</span> </p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:21px"> </p><p style="margin:0;font-size:13px;text-align:justify;mso-line-height-alt:19.5px"><span style="font-size:13px;">Submissions in the minimum wage case close on 7 June, it is usual practice that a determination is made in the following week.</span></p></div></div></td></tr></table></td></tr></tbody></table></td></tr></tbody></table><table class="row row-6" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class="row-content stack" align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;width:800px" width="800"><tbody><tr><td class="column column-1" width="100%" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top;padding-top:5px;padding-bottom:5px;border-top:0;border-right:0;border-bottom:0;border-left:0"><table class="social_block" width="100%" border="0" cellpadding="15" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0"><tr><td><table class="social-table" width="260px" border="0" cellpadding="0" cellspacing="0" role="presentation" align="center" style="mso-table-lspace:0;mso-table-rspace:0"><tr><td style="padding:0 10px 0 10px"><a href="https://www.facebook.com/QldTruckingAssn/" target="_blank"><img src="https://app-rsrc.getbee.io/public/resources/social-networks-icon-sets/circle-blue/facebook@2x.png" width="32" height="32" alt="Facebook" title="Facebook" style="display:block;height:auto;border:0" /></a></td><td style="padding:0 10px 0 10px"><a href="https://twitter.com/qta_trucking" target="_blank"><img src="https://app-rsrc.getbee.io/public/resources/social-networks-icon-sets/circle-blue/twitter@2x.png" width="32" height="32" alt="Twitter" title="Twitter" style="display:block;height:auto;border:0" /></a></td><td style="padding:0 10px 0 10px"><a href="https://au.linkedin.com/company/queensland-trucking-association" target="_blank"><img src="https://app-rsrc.getbee.io/public/resources/social-networks-icon-sets/circle-blue/linkedin@2x.png" width="32" height="32" alt="LinkedIn" title="LinkedIn" style="display:block;height:auto;border:0" /></a></td><td style="padding:0 10px 0 10px"><a href="mailto:admin@qta.com.au" target="_blank"><img src="https://app-rsrc.getbee.io/public/resources/social-networks-icon-sets/circle-blue/mail@2x.png" width="32" height="32" alt="E-Mail" title="E-Mail" style="display:block;height:auto;border:0" /></a></td><td style="padding:0 10px 0 10px"><a href="www.qta.com.au" target="_blank"><img src="https://app-rsrc.getbee.io/public/resources/social-networks-icon-sets/circle-blue/website@2x.png" width="32" height="32" alt="Web Site" title="Web Site" style="display:block;height:auto;border:0" /></a></td></tr></table></td></tr></table></td></tr></tbody></table></td></tr></tbody></table><table class="row row-7" align="center" width="100%" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#a69fa2"><tbody><tr><td> <table class="row-content stack" align="center" border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;color:#000;width:800px" width="800"><tbody><tr><td class="column column-1" width="100%" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top;padding-top:15px;padding-bottom:5px;border-top:0;border-right:0;border-bottom:0;border-left:0"><table class="text_block" width="100%" border="0" cellpadding="10" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><td><div style="font-family:sans-serif"><div class="txtTinyMce-wrapper" style="font-size:12px;text-align:center;mso-line-height-alt:14.399999999999999px;color:#fff;line-height:1.2;font-family:Arial,Helvetica Neue,Helvetica,sans-serif"><p style="margin:0"> You're receiving this email because you've signed up to receive updates from QTA. 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