Amendments to the Fair Work Regulations relating to ‘Corrupting Benefits’ came into operation on 29 January 2018. The amendments were made in response to representations by Ai Group to the Federal Government. The amendments set out the form of the disclosure that a bargaining representative must make when a proposed enterprise agreement contains a provision that is expected to provide a financial benefit to the representative.
Many of the Corrupting Benefits disclosures that have been made by unions to date have lacked detail and have been buried in union promotional material. The new prescribed form for disclosures will ensure that employees and employers know what revenue is flowing back to unions from benefits included in proposed enterprise agreements.
If you would like more information about the corrupting benefits requirements in enterprise bargaining, please contact Ai Group’s Workplace Advice Service on 1300 55 66 77.
Alternatively, if you would like advice regarding the required disclosures by unions, please contact your local employment, workplace and industrial lawyer in Sydney, Newcastle, Wollongong, Melbourne or Brisbane or email Ai Group Workplace Lawyers at email@example.com.