Banning non-competes – what might it means

by

Ed.

From www.claytonutz.com: The Federal Government has outlined plans to ban non-compete clauses for workers earning below the high-income threshold set under the Fair Work Act, which is currently $175,000 and may rise to around $200,000 by the time the ban is implemented in 2027.

This change aims to enhance employee mobility and bargaining power, allowing them to move freely between jobs without non-compete restrictions.

The ban’s implications for independent contractors, potential exceptions, and penalties for violations are still to be clarified.

Filed under: Employment Issues