Input Assumption Source
APS weeks worked per year |
45 |
4 weeks annual leave and 15 days sick leave = 45 working weeks based on APS |
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( Department of Defence , no date ) |
Average weekly earnings for engineered stone PCBU and other industry PCBU workers
Engineered stone PCBU and other industry PCBU worker average hourly wage rate
APS 6 or equivalent average hourly rate
EL1 or equivalent average hourly rate
EL2 or equivalent average hourly rate
$ 1,786.00 Australian Bureau of Statistics , Average Weekly Earnings , Australia November 2022 , Average weekly ordinary time earnings , full-time adults by industry , original series ; construction industry Use of this rate is a simplifying assumption given the various award rates for different types of trades and their various allowances on top of minimum hourly rates . In addition , it is a simplifying assumption that all employees are full-time employed .
$ 47.00 From average weekly earnings of $ 1,786.00 and average hours per week of 38
$ 57.96 Safe Work Australia 2023 ( Safe Work Australia , 2023 ) Annual salary of $ 97,815 and average hours per week of 37.5
$ 72.47 Safe Work Australia 2023 ( Safe Work Australia , 2023 ) Annual salary of $ 122,295 and average hours per week of 37.5
$ 91.31 Safe Work Australia 2023 ( Safe Work Australia , 2023 ) Annual salary of $ 154,083 and average hours per week of 37.5
Average job tenure 7 years Source : Australian Bureau of Statistics , Job mobility February 2022 ( ABS , 2022 )
Fortnightly income support $ 631.20 ( weekly rate of $ 335.60 ) Services Australia
Weighted mid-point of range of duration
Partnered rate , 20 March 2023 ( Service Australia , 2023 )
Number of weeks redundancy |
8 weeks |
Based on the average employee tenure in Australia of just under 7 years , under the |
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Building and Construction General On-site Award 2020 ( Housing Industry Association , |
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2022 ) |
Time to find new employment following redundancy
0 weeks ( no lost income after redundancy payments )
Given tight labour market for tradespersons , employees who face redundancy due to the prohibition options have been assumed to find alternative employment by the end of their redundancy period .
DECISION REGULATION IMPACT STATEMENT Prohibition on the use of engineered stone Page 91 of 107