🗞️ Three-day work week

Victoria has introduced a bill to become the first jurisdiction in Australia to legislate a right to work from home two days a week, covering full-time, part-time and casual workers.

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Good morning. Victoria has introduced a bill to become the first jurisdiction in Australia to legislate a right to work from home two days a week, covering full-time, part-time and casual workers.


Five major business groups have immediately called for the legislation to be abandoned, with constitutional challenges already being flagged.


The government says it chose its legal pathway carefully, and the business lobby says it will see them in court.


All the headlines and more below...

GRILL'D PROMOTED TREE PLANTING ON EVERY TUESDAY BURGER. 4% ACTUALLY QUALIFIED.


The ACCC has taken Grill'd to court over its "Tree Day Tuesday" promotion, alleging the burger chain misled customers about how many purchases would trigger a tree donation. Between January 2021 and April 2024, customers bought 5M burgers on Tuesdays across 173 stores. Only 200,000 qualified for a donation to Greenfleet Trust.

Only 4% of Tuesday burgers triggered the tree donation.

Ads said "a burger for you, a baby tree for the planet." To qualify, customers had to be loyalty members, order in-store at the counter, and avoid QR codes or takeaway. The ACCC says those conditions weren't disclosed or were buried.


Grill'd says it donated over $250K to plant 100,000 trees and restore 40 hectares of forest. The watchdog calls it greenwashing and says it gave the business an unfair edge by exploiting environmental concern without backing it up.

AUSTRALIAN NEWS

  • The Australian ad market has outpaced IMF-forecast nominal GDP growth as retail media is forecast to jump 19.5% to $2.3B and AI-related intelligence spend to rise 10.4% to $5.1B. LINK

  • The RBA unanimously held the cash rate at 4.35% after 3 hikes this year as inflation stays elevated around 4.2% and the economy slows. LINK

  • The government is weighing whether to extend a temporary 32¢-a-litre fuel excise cut that cost about US$2.5B as regional oil benchmarks fall around 12% to 17%. LINK

  • The Victorian Labor government has introduced a bill to parliament for Australian-first laws giving all public and private sector employees a right to work from home 2 days a week where reasonably possible, including regular casual and part-time workers. LINK

AMEX ORDERED TO LOG EVERY TIME STAFF LOOK AT CUSTOMER DATA AFTER YEARS OF UNMONITORED ACCESS


Australia's privacy watchdog found American Express failed to stop staff browsing customer accounts across 5 systems with no record kept. The payment giant had no way to audit who looked at what, even after a previous insider threat incident put it on notice.

Amex could neither audit nor enforce access policies for 88 of its 113 systems holding Australian customer data, 78% of them.

Privacy Commissioner Carly Kind ruled the company failed to implement "appropriate, uniformly applied technical and organisational measures" to address insider security risks. She's ordered time-stamped logging every time an employee opens or acts on a customer file and restricted access for vulnerable or high-profile customers.


The complainant fought for 4 years. He didn't seek compensation and refused to hand over a medical report Amex requested to argue over damages. Kind awarded him an undisclosed sum and required a written apology, but released only a 14-page summary of her 32-page determination. The full report remains confidential.


Amex was breached in 2019 by an employee attempting fraud and again in 2023 when an ex-employee in India accessed Asia-Pacific staff data.

COMPANY NEWS

  • Suncorp consumer insurance chief Lisa Harrison has criticised the NSW government’s hidden emergency services levy, saying nearly $400 of a $1000 premium in NSW goes to taxes. LINK

  • TPG Telecom has signed a wholesale mobile virtual network operator agreement to move Swoop subsidiary Moose Mobile from Optus, as Swoop targets a 50% gross margin uplift and over 180,000 subscribers. LINK

  • Adore Beauty reportedly cut at least 40 roles across its Melbourne head office and warehouse as staff warn of mass redundancies following CEO Sacha Laing’s 2024 appointment. LINK

  • Elliott intensified its campaign against Northern Star as it enlists a former senior executive and approaches Bill Beament, while the board considers appointing another adviser alongside Goldman Sachs. LINK

  • Fox has agreed to buy Roku for US$160 per share in a US$22B cash and stock deal that will create the third-largest US television market player. LINK

  • Nvidia is set to raise US$25B in a high-grade bond sale as investors placed about US$85B of orders while tech giants fund massive AI infrastructure expansion. LINK

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TOGETHER WITH


Take what you’re doing offline and circle back on team wellness because real team bonding happens with puppies, not PowerPoint. Give your team an event they’ll actually look forward to with Puppy Yoga or Corporate Cuddles!

CHART OF THE DAY

PwC's AI Global Jobs Barometer has found that AI-skilled workers earn 62% more across the globe that their non-AI-skilled counterparts. The analysis looked at data across one million job ads in 16 different sectors and 27 countries and found that in consumer market jobs, differences were especially stark, with roles requiring AI skills paying 118% more than those which don't.

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