Money

Can Australian bosses force you back to the office?

Published

2 years ago

August 14, 2023

The recent shift by companies to require employees to return to the office has sparked discussions about the legality of such mandates.

Zoom, for instance, known for its remote work-friendly policies, has directed staff to return to the office for at least two days a week.

This shift is part of a broader trend, with close to 90% of Australian employers implementing mandatory in-office days, according to a survey by recruitment agency Robert Half.

The question arises: Can employers change their stance on remote work after initially directing employees to work from home? While in most cases the answer is yes, individuals have the right to advocate for flexible arrangements, provided they adhere to proper procedures.

Lawful direction

Employment contracts in Australia require employees, including those working on a casual or short-term basis, to follow “lawful and reasonable” directions from employers.

This legal requirement has been deemed “implied” by Australian courts in every employment contract. However, directives to return to the workplace must be considered “lawful and reasonable,” except in extreme cases where they conflict with government mandates or other laws.

Employees with legitimate reasons, such as health concerns, can contest returning to the office, and employers are obliged to provide a safe and considered plan for a return.

Failing to comply with such a direction may lead to disciplinary measures, including dismissal.

Consultation required

Consultation is required when a return-to-work directive impacts employees covered by awards or enterprise agreements. The Fair Work Ombudsman emphasizes that consultation involves giving notice, discussing proposed changes, sharing written information, and taking employees’ views into prompt consideration.

Workplace flexibility provisions in employment contracts, awards, or enterprise agreements grant employees the right to request work-from-home arrangements.

The Fair Work Act’s national employment standards also afford employees the right to request “flexible work arrangements” if they meet certain criteria, such as being parents, carers, disabled, or victims of domestic violence.

Employers can refuse flexible work arrangement requests only on “reasonable business grounds” after genuine consideration of alternative solutions.

Since June 6, 2023, employees have had the right to appeal to the Fair Work Commission, which has expanded powers to mediate, recommend, and even arbitrate disputes.

Money

Markets ignore Israeli-Iranian conflict but risks remain high

Markets remain optimistic despite the escalating Israel-Iran conflict, raising concerns of potential complacency among investors.

Published

1 day ago

June 17, 2025

Ahron Young

Markets remain optimistic despite the escalating Israel-Iran conflict, raising concerns of potential complacency among investors.

In Short:
Market analysts warn that global investors are underestimating the conflict between Israel and Iran, despite resilient stock market gains. Analysts highlight the potential for prolonged conflict and significant impacts on energy markets, cautioning against complacency.

Global investors are currently underestimating the potential impact of the ongoing conflict between Israel and Iran, according to market analysts.

Despite four days of escalating fighting, which has resulted in significant casualties, global stock markets have shown resilience. Stocks in Europe, Asia-Pacific, and the U.S. have all seen gains, indicating a disconnect between market performance and geopolitical developments.

Investment director Russ Mould highlighted the risk of a broader conflict affecting energy markets. He noted that the situation is complex and the ramifications could extend beyond financial concerns.

Heightened risks

Strategist David Roche suggested the conflict may last longer than typical Israeli responses, posing heightened risks. Torbjorn Soltvedt from Verisk Maplecroft expressed that the current situation resembles an open-ended war, with severe implications for the region and global energy markets.

Energy prices have already reacted to the unrest, with crude oil experiencing significant price fluctuations. Analysts caution that a period of calm might lead markets to mistakenly believe in lasting peace, potentially creating buying opportunities in energy assets.

Conversely, some analysts, like Deutsche Bank’s Jim Reid, maintain a more cautious outlook, noting that retaliatory actions between Iran and Israel have yet to escalate dramatically. He indicated that historical patterns suggest a typical market recovery from such shocks.

Money

Australia’s stalled economy forces businesses to innovate or die

Australia’s economy is slowing with 0.2% GDP growth; experts suggest interest rate cuts, prompting businesses to adapt for growth.

Published

7 days ago

June 11, 2025

Ahron Young

Australia’s economy is slowing with 0.2% GDP growth; experts suggest interest rate cuts, prompting businesses to adapt for growth.

Australia’s economy is slowing fast, with GDP growth at just 0.2% and output per person in decline. Experts are now predicting steep interest rate cuts to avoid recession.

What can businesses do to adapt and grow in this climate? Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#AustralianEconomy #RBA #InterestRates #BusinessStrategy #EconomicNews #GDP #TickerNews #AustraliaFinance

Money

World Bank predicts U.S. growth cut by tariffs

World Bank forecasts U.S. growth halving due to tariffs; global economy also faces significant slowdown, especially in exports.

Published

1 week ago

June 11, 2025

Ahron Young

World Bank forecasts U.S. growth halving due to tariffs; global economy also faces significant slowdown, especially in exports.

In Short:
The World Bank has downgraded U.S. growth projections to 1.4% for 2025 due to President Trump’s tariff policies, warning that increased tariffs could worsen the global economic slowdown. The report highlights a decline in growth for multiple economies, with a particular emphasis on the negative impact on living standards and the need for negotiated trade barriers.

The World Bank has downgraded its growth projections for the U.S. economy, forecasting an increase of just 1.4% in 2025, down from the previous year’s 2.8%. This reduction is attributed to President Trump’s tariff policies, which are anticipated to hamper both U.S. and global growth.

The World Bank’s latest report highlights an expected slowdown in multiple economies, including the eurozone, Japan, and India. Mexico is projected to experience the most significant impact, with growth dropping to 0.2% from 1.5%.

Exacerbate the slowdown

Amid these forecasts, the World Bank warned that a further rise in tariffs could exacerbate the slowdown. If tariffs were raised by an additional 10 percentage points, global growth could plummet to 1.8% this year and 2% in 2026. Such an escalation would lead to reduced trade, declining confidence, and increased market turmoil.

Indermit Gill, the World Bank’s chief economist, noted that if a course correction is not made, the negative effects on living standards could be severe. The Organisation for Economic Cooperation and Development has also voiced concerns about the implications of tariffs, predicting a U.S. growth rate of 1.6% with inflation approaching 4%.