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Author: Real Estate Institute or Australia
REIA, on behalf of the state and territory Real Estate Institutes, has made a
submission to the Fair Work Commission to vary the Real Estate
Industry Award 2020 in response to the coronavirus (COVID-19) pandemic to keep as many
real estate sales people employed as possible.
REIA President Adrian Kelly said currently the Award requires that an agent
makes the Minimum Income Threshold Amount (MITA) of at least $54,500 per annum, for the
previous three years before they can be employed on a commission only basis.
“REIA has requested that the Fair Work Commission agree to a
halving of the MITA in the current circumstances to keep as many of these
agents employed as possible," Mr Kelly said.
“If this isn’t agreed to, with the certainty of
decreased sales activity, these agents are at risk of being stood down as
agencies struggle to stay open as long as they can.
“Feedback REIA has had from its member state and
territory Real Estate Institutes, suggests that these agents would prefer to
have the opportunity to continue to work.
“In response to this situation REIA proposes that the
current MITA provisions of the Award be changed to 50 per cent of those
currently in place for the duration of the coronavirus crisis.
“This is an approach that encapsulates the spirit and
intent of the government’s initiatives of sharing the burden."
To find out more information on REIWA's advocacy efforts during the coronavirus outbreak, visit our advocacy page.
For more media releases from REIA, visit their website.
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