Types of Work
What is the difference between full-time and part-time work?
Full-time is 38 hours/week with full entitlements; part-time is less than 38 hours/week with pro-rata entitlements.
What is 'double time' in penalty rates?
2x the normal hourly rate.
What happens if you pay too much tax?
You receive a refund after submitting a tax return.
Name one right of employees.
Safe workplace, correct pay, payslip, etc.
Give one impact of technology on jobs.
Some jobs become redundant; new ones are created
What is unpaid work? Give an example.
Work without income, e.g., voluntary or family duties.
What is the main difference between wages and salary?
Wages vary by time worked; salary is a fixed annual amount.
What is the current GST rate in Australia?
10%
Name two responsibilities of employees.
Attend work on time, follow directions, act respectfully.
Name two factors changing the nature of work
Technology, globalisation, work life balance, changing role of women and men, part time work, casual work
Name a key difference between apprenticeships and traineeships.
Apprenticeships are for trades and are generally longer; traineeships are for industry generally shorter
What is commission-based income?
Payment based on a percentage of sales.
What does PAYG stand for?
Pay As You Go
What does the Fair Work Commission do?
Sets wages, resolves disputes, approves agreements.
How has the role of women in the workforce changed?
More women continue working after marriage; more part-time roles.
What is 'casual loading'?
Extra pay for casual workers to compensate for lack of entitlements like sick leave.
How is profit calculated?
Profit = Revenue – Expenses.
Name two purposes for which taxes are used.
Healthcare, education, roads, public transport, defence, etc.
What is the BOOT test?
Better Off Overall Test – ensures enterprise agreements provide better conditions than Modern Awards.
What is the 'sharing economy'?
An economic model where goods/services are shared (e.g., Uber, Airbnb).
Define 'pro-rata basis' in relation to part-time work.
Receiving a proportion of full-time entitlements based on hours worked.
What type of income do shareholders receive?
Dividends
From July 2025, what percentage must employers contribute to super?
12%
What is a Modern Award?
A document setting minimum conditions for a specific industry.
What is one current issue related to increased accessibility due to technology in the workplace?
Difficulty disconnecting from work due to constant access.