Starting early 2024, employers with over 100 employees will be required to publish their gender pay gaps.
This follows the Parliament’s recent approval to the Workplace Gender Equality Amendment (Closing the Gender Pay Gap) Bill 2023.
Under the newly passed law, gender pay gaps will be published on the Workplace Gender Equality Agency (WGEA) website.
The law is expected to impact more than four and a half million Australian employees, who will soon gain access to their employers’ gender pay gaps.
The passing of the bill is hailed as a “key reform to drive transparency and action towards closing the gender pay gap,” according to Minister for Women Katy Gallagher.
It comes as Australia’s gender pay gap drops to 13.3%.