Sentences with phrase «award penalty rates»

«We estimate a move to award penalty rates would lead to a reduction in Australian system profitability of 24.3 per cent - clearly a very large number.

«Our analysis suggests a move to award penalty rates could reduce Domino's Australian system profitability by around 24 per cent,» Mr Simotas says in the research.

Not exact matches

Mr Cullinan previously represented Coles employee Duncan Hart in successfully terminating the supermarket giant's agreement last year because its trade - off of weekend penalty rates left workers worse off than the award.

The award includes penalty rates of 150 per cent on public holidays, 50 per cent on Sundays and 25 per cent on Saturdays.

The ruling, which introduces penalty rates to more than 22,000 employees across 450 stores, is one of the first major agreements to be terminated following reports franchises and retailers are paying below the award through expired deals with the Shop Distributive and Allied Employees Association.

That's according to new analysis by Deutsche Bank analyst Michael Simotas, who said a review of Domino's wage agreement shows the pizza franchisor's current agreement expired in June 2013, and does not pay the penalty rates stipulated in the award covering the fast food sector, including loadings for work after 9 pm Monday to Friday, and on Saturdays, Sundays and public holidays.

«However, the agreement does not feature penalty rates at all which effectively means any employee is worse off under the agreement than he or she would be under the fast food modern award,» Mr Simotas says.

NerdWallet's ratings for personal loans awards points to lenders that offer consumer - friendly features, including: soft credit checks, no origination fees, payment options, short time to funding, interest rate caps of 36 %, and absence of prepayment penalties.

Awards cover things like rates of pay, overtime, penalty rates and allowances.