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From the Chief Executive - 28 September 2017

Submitted on Thursday, 28th September 2017

It’s that time of year again when finals fever takes over Victoria, and once again we face the prospect of a fairy-tale premiership as Richmond aims for a flag after its 35-year Grand Final drought.

While the Grand Final itself is hotly anticipated by Victorians, businesses are dreading the Grand Final eve public holiday, which will cost many thousands regardless of whether they close or stay open.

Our position on this issue is unchanged. There is a huge financial cost involved with this public holiday and that bill is footed by businesses. The economic cost, or lost production, from this public holiday was estimated up to $852 million by PriceWaterhouseCoopers in 2015.

By the end of this week Victorian businesses and taxpayers will have paid out more than $3 billion for people to not to go to work on Grand Final eve public holidays.

Changing the date of this public holiday will make no difference to the businesses who have to pay for it. The extra cost of staying open is more than $8,000 and if they close they pay staff more than $18,000. 

In the lead up to the November 2018 election, the Victorian Chamber will be advocating strongly for the Grand Final eve public holiday to be repealed. If your business is affected our policy department would like to hear from you on (03) 8662 5206.

Meanwhile, the last of our Victoria Summit regional workshops will take place today in Derrimut, with our Forum on Small Business and Jobs Agenda taking place at the Sofitel Melbourne on Collins next Tuesday. Over the past few months we have heard from hundreds of businesses first-hand around the state, which will inform our policies as we head into the 2018 State Election.

Businesses in regional areas should also consider attending a series of Mental Health Briefings we are running in metropolitan and regional locations throughout November. Mental health costs Australian business more than $11 billion a year in absenteeism, lost productivity and workers’ compensation claims. For many employers, mental health is a difficult topic to navigate when they are not armed with knowledge about mental health issues. For information on this interactive briefing and to purchase a ticket read more here.

Mark Stone AM


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