WORLD Australian gov't announces plan to expand paid parental leave to boost economy

WORLD

Australian gov't announces plan to expand paid parental leave to boost economy

Xinhua

11:33, October 15, 2022

File photo: CGTN

CANBERRA, Oct. 15 (Xinhua) -- Australian Prime Minister Anthony Albanese has announced a plan to increase paid parental leave (PPL) entitlements up to six months.

Albanese on Saturday revealed the policy in a speech to a Labor Party conference, declaring the move would boost productivity.

Currently, parents are entitled to 18 weeks of parental leave paid at the same rate as the minimum wage. The government's proposal would add weeks to the entitlement until parents with a new baby can access 26 weeks of paid leave from July 2026.

Albanese said increasing PPL was one of the most frequent proposals raised by participants at the Jobs and Skills Summit in September. The government believed that this reform "has a significant benefit" to families and is an investment in women's economic equality and in the broader Australian economy.

The new scheme will maintain "use it or lose it" weeks to encourage more dads and partners to access PPL, so that both parents can share the caring responsibilities more equally.

"We know that investing in parental leave benefits our economy. It is good for productivity and participation, it's good for families and it's good for our country as a whole," Albanese said.

Amanda Rishworth, Minister for Social Services, said boosting women's workforce participation and encouraging more dads to take parental leave is a priority for the government.

"This will benefit mums, it will benefit dads, it's good for children and it will be a huge boost to the economy," Rishworth said.

Further details will be revealed when the government hands down the federal budget on Oct. 25.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue