COSBOA has been supportive of the Government’s Competition Review and has always said that the Australian economy is best served by markets that compromise of big and small businesses. This includes mobility of staff to ensure even the smallest of businesses are given opportunities to grow into big businesses. However, whilst the Taskforce notes that non-competes and other restraints are impacting employee mobility, wages and productivity, there are significant other improvements that can be made than limiting some protections employers put in place to preserve their business.
Fewer Australians are changing jobs in the last few years due to a variety of reasons such as economic uncertainty and the flow on effects of the pandemic. The way in which people work has changed drastically and government needs to consider alternate ways to increase innovation and productivity within the Australian community.
For full submission see here.
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Luke Achterstraat
Chief Executive Officer
Council of Small Business Organisations Australia