As mentioned in our update dated 22 December 2014, late last year the Treasurer Joe Hockey and Senator Eric Abetz released the Government’s final Terms of Reference regarding the Productivity Commission’s inquiry into the workplace relations framework.
The Productivity Commission has now announced some further fairly tight deadlines with respect to the inquiry. The Productivity Commission will release an issues paper this month which will include a range of matters on which the Commission seeks information and feedback. Interested parties will then be required to file submissions by 13 March 2015.
It is also anticipated that the Productivity Commission will release a draft report in June/July 2015 and will then seek further information and feedback from interested parties. The Productivity Commission has also requested that interested parties express an interest in attending public hearings. Accordingly it is anticipated that details with respect to public hearings will be released in the near future. The Productivity Commission’s final report is still scheduled to be provided to the Government in November 2015.
It is expected that the Productivity Commission’s report will provide key inputs for workplace relations policies going into the next election likely to be held late next year.