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Businesses to be named and shamed from early next year

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Minister for Women Katy Gallagher said on current projections, it would take 26 years for the gender pay gap to close, but the law passed this week would help to keep it shrinking.

“It is going to ensure that at a business level where the gender pay gap exists, that will be reported and people will be able to see that,” she said in the Senate on Thursday.

“It’s important from a transparency and accountability reason, but it’s also about driving the reform that’s needed to close the gender pay gap.”

Sex Discrimination Commissioner Kate Jenkins said the change was an important step in improving the economic security of women.

“The new legislation will also play an important role in encouraging business, industry and government to be more active in their efforts to reduce the gender pay gap,” she said.

Australian Retailers Association chief executive Paul Zahra said the industry was committed to closing the gender pay gap, which was at 15 per cent in the sector.

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“The community has a right to know how companies are performing in addressing gender pay gaps,” he said.

But he said businesses should be given enough notice before the data was published to allow them to improve their performance.

Wooldridge said all employers would be able to provide an explanation and their plan to tackle the issue alongside their published gender pay gap.

The opposition’s spokesperson for women, Sussan Ley, said while the pay gap was closing, there was more work to be done and her party was taking the problem seriously.

“The Australian parliament is united when it comes to closing the gender pay gap,” she said.

Cut through the noise of federal politics with news, views and expert analysis from Jacqueline Maley. Subscribers can sign up to our weekly Inside Politics newsletter here.

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