POWERED BY MOMENTUM MEDIA
HESTA welcomes WGEA review’s recommendations
HESTA has welcomed the Workplace Gender Equality Agency’s (WGEA) recommendations with regards to data on superannuation on parental leave.
The WGEA report highlighted the need to do more to address persistent gender inequity in Australian workplaces.
In particular, HESTA welcomed the updating of the gender equality indicators to include whether superannuation was paid by an employer when an employee was on paid, unpaid employer-funded and/or government-funded parental leave, it said.
“Improving gender equality, diversity and fair and equal treatment in the workplace makes a significant contribution to improving our members’ financial security in retirement,” said HESTA chief executive and WGEA Pay Equity Ambassador Debby Blakey.
Earlier this month, the Government released its review of the Workplace Gender Equality Act 2012 (the WGEA Review), a commitment from the 2021/22 Women’s Budget Statement.
The review sought feedback from across the community to address workplace gender equality while also considering the regulatory requirements of employers.
“The recommendations aim to progress gender equality outcomes in the workforce and streamline the reporting process for business, particularly in the context of the COVID-19 pandemic which saw women disproportionately impacted,” Minister for Foreign Affairs and Minister for Women, Senator the Hon Marise Payne, said.
“It’s clear that we need to proactively address issues in Australian workplaces to enable women to excel and reach their full potential.”
The WGEA Review supported the implementation of the Respect@Work report to prevent and address workplace sex-based harassment and discrimination, in particular recommendation 46 (develop good practice indicators to measure and monitor sexual harassment issues) and recommendation 42 (consider how the indicators apply to WGEA reporting).
Recommended for you
Peri and menopause training founder and TV journalist Shelly Horton has hit back at calls for businesses to introduce menopause leave.
Former federal MP Julia Banks insists that all women can use their personal power to advocate a more inclusive workplace and support other women.
After a successful inaugural event last year, the Women in Finance Summit is returning in 2024 with more business insights and networking opportunities.
Super Review is now accepting nominations and submissions for the Women in Finance Awards, to be held in November 2024.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
