The federal government has introduced the Workplace Gender Equality Amendment (Setting Gender Equality Targets) Bill 2024, which proposes to require businesses with 500 or more employees to set measurable gender equality targets and report progress publicly via the Workplace Gender Equality Agency (WGEA). Compliance with these requirements will also be tied to eligibility for government contracts.
Implications for Independent Retailers
While most members are likely under the 500-employee threshold, for those that may be directly impacted, here are some key points to consider:
- New Obligations: Businesses affected will need to set and report against gender equality targets, adding to existing gender reporting requirements.
- Public Accountability: Progress will be displayed on the WGEA website, bringing both visibility and scrutiny to the business’s efforts.
- Government Contract Eligibility: Compliance with the targets will determine eligibility for government contracts, which could be critical for members engaged in government procurement.
How MGAIBA is Supporting Members
MGAIBA is actively monitoring this Bill to understand its full implications for independent retailers. We will provide updates and resources to support members should the Bill be passed. If you believe your business may be affected, we want to hear from you.
Need help? Contact us
If you have any questions or need advice specific to your business, please don’t hesitate to contact our Employment Advisory team at 1800 888 479 or submit an enquiry
