Economic Security
Gender must not be a factor in levels of economic security during working life or in retirement.
WHAT?
- All Australians can expect economic security, with no loss of dignity in retirement, irrespective of gender.
- Occupations and Industries are gender balanced (40:40:20)
- All genders receive equal full-time equivalent total remuneration, and there is NO gender pay gap.
- The superannuation savings and retirement incomes of all genders are equal.
- Long-term planning for a secure future is not impacted by gender or job considerations.
- Higher-risk populations can access additional support responsive to historically gendered outcomes.
- Occupations and industries are gender balanced.
HOW?
- Eliminate the underpayment of female-dominated industries through award changes.
- Require employers with more than 50 employees to disclose their gender pay gap to Workplace Gender Equality Agency (WGEA).
- Require public sector employers to report to WGEA.
- Legislate superannuation payments on all earned income and supplement the superannuation contributions of caregivers, sole traders, long-term casual employees, and those who take time out for family or caring responsibilities.
- Provide more robust protections for employees in industries with a casualised workforce.
- Provide public education on how financial decisions affect lifetime earnings and how to mitigate against adverse outcomes.
- Unpaid work, such as caring, is assigned financial ‘value’ through direct financial or tax subsidies.
- Rebalance remuneration and benefits across all industries to gain traction in closing the gender pay gap.
- Review ALL legislation introduced into state and federal parliaments for gendered consequences and adjust to ensure equity.
- Mandate a gender impact analysis of all budgets, policies, and government programs. All government policy recommendations and business cases must explicitly consider the impact on women.
- Ensure a gender balance in all budgeted expenditures, (including health, sport, and education), and introduce measurable targets.
- Establish a legal right to equal pay.
- Remuneration and benefits frameworks have equity as a desirable outcome and are based on skill, experience, and demonstrated value.
- Achieve balanced gender representation in all industries.
- Legislate for financial institutions and retirement funds to have systems in place to prevent economic coercion and control.