Two key businesses of the Commonwealth Bank – Australia’s largest financial institution – have been charged with 23 criminal offences for allegedly failing to pay long service leave to some of its Victorian staff.
It is the latest in a number of legal cases brought against the Commonwealth Bank – which last week reported a $9.6 billion full-year profit – for failing to pay workers correctly. The maximum penalty that can be imposed by the Magistrates’ Court is $10,904 a day for each day the long service leave was not paid, which could potentially result in millions of dollars. The companies can also receive criminal convictions.The Commonwealth Bank had not responded to a request for comment at the time of publication.Victoria’s long service leave laws require all employees who have worked continuously with one employer for at least seven years to be entitled to long service leave.
benschneiders And they're will be a slap on the wrist for no one in particular and a fine of laughable proportions. Meanwhile if a small business did similar it'd be loss of licence, business and jail.
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