The Labor government used this week’s budget to announce it plans to ban non-compete agreements for employees on less than A$175,000 per year, a move that will affect about 3 million Australian workers.
Describing them as “unfair”, a media release by federal Treasurer Jim Chalmers said non‑compete clauses “are holding back Australian workers from switching to better, higher‑paying jobs”. Banning non-compete clauses could lift the wages of affected workers by up to 4%, the government has said.
