I was born in Canada – emigrated to Australia in 1998 and have a background in Human Resources. Two things that work extremely well in Canada are the following which I believe should be considered by the Australian government.

  1. Unemployment Insurance. A percentage of every employee’s wages is paid into this fund by both the employee and the employer. This fund is lodged under the employee’s name and each subsequent employer also adds to the fund. Monies from this fund can be accessed by the employee: a. If they become unemployed b. Maternity/paternity leave c. Pays employee while attending apprenticeship courses at TAFE etc. d. If their portion of this fund is depleted, they would go on the ‘dole’ which is seldom done by conscientious employees. e. Once they are again gainfully employed both parties resume their payments into this fund.
  2. Canada Pension. A percentage of every employee’s wages is paid into this fund by both the employee and the employer. Depending on the amount accumulated over the years, these funds are used for the person’s pension when they retire. Another rort of the system is rampant in Australia, mainly by ‘tradees’ who insist on being paid in cash (no GST) and are likely not registering those funds as income on their tax forms. If they weren’t paying into the above two accounts, you can see what a difference it would make to their wages should they become unemployed or when they retire.

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