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%
What is an award?
A document setting minimum conditions for a specific industry.
Name two factors changing the nature of work
Technology, globalisation, work life balance, changing role of women and men, part time work, casual work
What is 'casual loading'?
Extra pay for casual workers to compensate for lack of entitlements like sick leave.
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 one positive and negative of being a contractor?
Positives: Higher income potential, flexibility, variety of work Negatives: Job security; Income instability; No employee benefits
How is profit calculated?
Profit = Revenue – Expenses.
Name two purposes for which taxes are used.
Healthcare, education, roads, public transport, defence, etc.
What is intellectual property (IP)?
This legal concept gives creators exclusive rights to their original work, meaning employees must not copy, share, or use it without permission in the workplace.
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 contract loophole?
This situation occurs when ambiguous or poorly worded terms in an employment contract are exploited to avoid providing expected entitlements such as overtime pay or job security.
What is one current issue related to increased accessibility due to technology in the workplace?
This economic impact of artificial intelligence refers to the replacement of human labour in routine or predictable tasks, often requiring workers to reskill to remain employable.