PwC: 13% of Aussie workers are underpaid

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The Australian Payroll Association has challenged the view that wage theft is endemic across the Australian economy. It has conducted 39 audits of company pay processes in the last 18 months and found evidence of staff being overpaid in 27 instances:

The APA’s review found overpayments, involving employers with between 200 and 25,000 staff, ranged from minor superannuation errors to multi-million payments over several years as a result of incorrect interpretations of awards or agreements.

APA chief executive Tracy Angwin said the organisation recently had finished a compliance audit of a major health care employer which was concerned it had underpaid its 6000 employees.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.