Finsec members are participating in an Equal Pay Petition which is being circulated through the Council of Trade Unions.
The Minister of Labour says that there is no need for legislation to modernise the Equal Pay Act 1972, as workers can request Department of Labour inspectors to investigate if they think that men and women are not being paid equally. As there are very few labour inspectors and this mechanism has never been used, unions are trying to test it by getting 100 worksites to request an investigation.
There is a big gap between the average pay for men and women for each hour we work. There is also probably a very big gap in the finance industry – in Australia, where data is available by industry, finance is the industry with the widest pay gap – at 32.2% twice the national average.
Finsec will be asking some of our elected leaders to participate in the campaign and ask for investigations to be conducted in their worksites.