Australia legally requires companies to disclose gender pay gap
Sydney, Australia, Mar 30 (EFE).- Companies in Australia with 100 or more workers will be forced to reveal the gender pay gap annually, in accordance with the law approved Thursday by parliament.
“Women have waited long enough for the pay gap to close, this government will not let them wait another quarter of a century,” Finance and Women’s Minister Katy Gallagher said in a statement.
The minister spoke of several measures enacted since the current Labor government came to power in May 2022 and said that with the policy of the previous Conservative governments it would take “another 26 years to close the gender pay gap.”
The measure, one of the commitments of Prime Minister Anthony Albanese, seeks to end the wage gap for which a woman in Australia currently earns an average of 13.3 percent less than a man, that is, every week about AUD 253.50 ($ 169.31.)
Under this law, the government’s workplace gender equality agency would publish wage information provided by affected private companies.
Government did not say if it would impose sanctions on companies that do not comply with the new law.
The Australian measure is similar to those approved by the United Kingdom, in 2017, and the European Union, in 2021, which oblige companies with more than 250 employees to report the difference in the earnings of male and female staff. EFE