Business Needs a Lift
The latest ACCI Business Expectations Survey tells us a lot of people are hoping for another interest rate cut. The survey — covering the December quarter — shows a decline on virtually all measures. In short: confidence is sliding badly, and most people are expecting a poor start to the year.
A Disturbing Outcome
The Australian Chamber of Commerce and Industry has drawn a line in the sand over the Fair Work Australia decision on Equal pay in community services insisting this should not be allowed to flow on to other female-dominated industry sectors. The cost burden on this sector is of concern, but the prospect of a flow-on is alarming and must be opposed.
Gloomy Outlook
The ACCI Survey of investor Confidence has not painted a particularly bright picture for the opening quarter of 2012. Businesses are subdued, some even pessimistic, about their prospects in the opening months, with the uncertainty in Europe putting a serious dampener on confidence.
Penalty Rates Out-dated
ACCI Chief Executive has raised serious questions about the validity of penalty rates in the modern workplace. Click to read Peter Anderson's opinion article in the Melbourne Herald Sun newspaper - "Penalty Rates and Loadings Throw Backs to Long Ago".