Business Finance Homework Help

SECTION 1 

For the Fair Work Ombudsman I would need you to 

?Evaluating the role, functions, and power of the Fair Work Ombudsman (FWO) [200 WORDS]

?FWO’s role is to regulate product market competition. Explain this [200 WORDS]

?Enforcement strategies to achieve compliance – accommodation/deterrence. What strategies can be used? Explain this [200 WORDS]

After explaining the first 3 sections, using these 2 case studies ‘Four Corners’ documentaries and news articles on 7-Eleven and ‘Slaving Away’ – Harvest trail, discuss ‘wages theft’ and what role the FWO would do in these situations. [300 WORDS]

– You do not have to watch the whole thing, if their is an article with key information you can just use that 

¢http://www.abc.net.au/4corners/stories/2015/05/04/4227055.htm 

https://www.abc.net.au/4corners/7-eleven-promo/672…     OR this article https://www.smh.com.au/business/workplace/7eleven-…

Section 2

Describe these dot points and answer

• Role and power of the FWC re: balancing efficiency and fairness.
  – We are not talking about the efficiency of the Fair Work Commission operations itself, instead we mean its contribution to productivity in Australia. It’s about the objects of the Fair Work Act.
  – You have to think about the role of the Fair Work Commission in the context of our entire industrial relations system. It’s about this transition that we’ve made over decades. [200 WORDS]
• What is the legal framework for safety net, agreement-making, and dispute resolution [200 WORDS]
• We have a bargaining system with a little bit of arbitration.  Should we return to an arbitration system with a little bit of bargaining? [300 WORDS]
  – Discuss bargaining power
• The role of FWO and Federal Courts. Discuss why they are needed and the results of using Federal courts. [200 WORDS]