Closing Loopholes Important Dates Calendar
Published
Closing Loopholes Important Dates Calendar
Published
2 min read
The Closing Loopholes Acts, comprising the Fair Work Amendment (Closing Loopholes) Act 2023 and the Fair Work Amendment (Closing Loopholes No 2) Act 2024 represents significant reform to the countryโs workplace laws. The original Closing Loopholes Bill was split into two parts, and addressed various aspects of Australian employment law. These changes, once implemented, are expected to significantly impact the employment landscape in Australia, with implications for employers, employees and unions.
In late 2023, the Australian Federal Government passed Part 1 of the Closing Loopholes Bill, sounding alarms through the local business community. With a slew of new measures introduced, itโs no surprise that questions were raised. For a detailed overview of Part 1, download our Closing Loopholes Bill Part 1 Factsheet to understand the important employment law changes for your business.
In early 2024, Part 2 was passed. Part 2 of the Bill contains the more controversial Government proposals and was passed by Parliament on 12 February 2024, with Royal Assent given on 26 February 2024. For more insights on Part 2, download our Closing Loopholes Bill Part 2 Factsheet to stay informed on these critical updates.
With so many changes coming our way over the next few years, itโs critical youโre prepared. This calendar outlines the important dates you need to be across so you can stay compliant. To delve deeper into the implications of these changes, join our Employment Law Update: The Closing Loopholes Bill Explained webinar.
Disclaimer: The information in this factsheet is relevant as at 22 March 2024, and has been prepared by Employment Hero Pty Ltd ABN (11 160 047 709) (Employment Hero). The views expressed herein are general information only and are provided in good faith to assist employers and their employees. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this factsheet.
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