Long Service Leave: Past, Present and Future

18 Pages Posted: 13 Nov 2015

See all articles by Shauna Diane Ferris

Shauna Diane Ferris

Macquarie University

Nick Parr

Macquarie University

Ray Markey

Macquarie University, Macquarie Business School

Tim Kyng

Financial Research Network (FIRN); Macquarie University, Macquarie Business School

Date Written: April 9, 2015

Abstract

As a result of changes to the Australian industrial relations framework, long service leave benefits are under review. State and Commonwealth governments are working towards the development of a new national standard for long service leave (LSL). It is, therefore, timely to re-examine the purpose of LSL. How do people use their LSL benefits? What are the main benefits of LSL for employers, employees, and the community as a whole? This paper provides a historical overview of developments, as well as a summary of current trends, and discusses some proposals for improved vesting and portability of benefits.

Keywords: Long Service Leave, employee entitlements, National Employment Standards

Suggested Citation

Ferris, Shauna Diane and Parr, Nick and Markey, Ray and Kyng, Tim, Long Service Leave: Past, Present and Future (April 9, 2015). Australian Journal of Actuarial Practice, 3, 5-22, 2015. Available at SSRN: https://ssrn.com/abstract=2689373

Shauna Diane Ferris (Contact Author)

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Nick Parr

Macquarie University ( email )

North Ryde
Sydney, New South Wales 2109
Australia

Ray Markey

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

Tim Kyng

Financial Research Network (FIRN) ( email )

C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia

Macquarie University, Macquarie Business School ( email )

New South Wales 2109
Australia

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