Millions of Australians are set to score a huge pay rise after Anthony Albanese’s historic election win on Saturday.
Mr Albanese will be sworn in as the nation’s 31st prime minister on Monday, becoming just the fourth person to lead Labor to government from opposition since World War II.
The change in leadership will be welcome news for those struggling with the soaring cost of living, with the ALP leader promising during his campaign to boost wages if voted in.
Earlier in the election campaign, Mr Albanese backed a 5.1 per cent hike in the minimum wage in order to keep up with rising inflation.
Anthony Albanese (pictured on Saturday after his historic win) will become Australia’s 31st prime minister after his historic win on Saturday
‘You should be able to pay your rent, to buy food, to get by, and the Fair Work Commission should bear that in mind in the decision that they make,’ Mr Albanese said in Melbourne last week.
‘Labor has a plan to lift wages and that is what we will do.’
The Fair Work Commission reviews the minimum wage and the national award minimum wage annually.
The two are usually linked, with the commission last year applying the minimum wage percentage to all other award wages.
The changes will benefit the estimated 180,000 workers currently on the minimum wage as well as 2.6 million workers across 121 awards that will also be adjusted.
Scott Morrison’s former government, contends, for example, that under Mr Albanese’s 5.1 per cent wage push, a full-time wide-body airline pilot’s wage of $190,472 would increase by another $9714.
The pledge came after a submission from the Australian Council of Trade Unions to the Fair Work Commission backing a rise in the minimum wage of 5.5 per cent.
However, economists have warned that if wages increase significantly, interest rates will have to increase as well to stop inflation.
The CBA’s Head of Australian Economics said: ‘In short, wages growth of 5.1 per cent all else being equal means higher interest rates than otherwise and the pain lands on those with a mortgage’.
Millions of Australians are set to get a pay rise after the ALP leader pledged to boost the minimum wage by 5.1 per cent
How Anthony Albanese made history with his election win
By Stephen Johnson for Daily Mail Australia
The man raised by a single mother in housing commission will be Australia’s first PM to have gone through a marriage break-up, with his girlfriend Jodie Haydon and his estranged wife, former NSW deputy premier Carmel Tebbutt, both joining him in celebrating victory at an RSL club with their son Nathan.
Australia has rejected at eight elections Opposition leaders who have divorced and remarried: on the Liberal Party side Andrew Peacock (1984 and 1990) and John Hewson (1993), and on the Labor side Kim Beazley (1998 and 2001), Mark Latham (2004) and Bill Shorten (2016 and 2019)
He is also the first modern Labor leader from the party’s more radical Left faction to win from opposition.
This signaled to supporters on election night he will be socially progressive on women’s and indigenous issues and make Australia a ‘renewable energy superpower’.
He is the first prime minister to be raised in public housing and the seventh Catholic PM who also supports the South Sydney Rabbitohs.
Mr Albanese paid tribute to his mother Maryanne who raised him in public housing in Camperdown.
‘I hope there are families in public housing watching this tonight because I want every parent to be able to tell their child, no matter where you live or where you come from, in Australia, the doors of opportunity are open to us all,’ he said.
‘I want Australia to continue to be a country that no matter where you live, who you worship, who you love, or what your last name is, that places no restrictions on your journey in life.’
The ACTU wants an increase in the minimum wage from $20.33 to $21.45 an hour, or $42,384.84 a year.
Mr Albanese said it was important wages did not go backwards.
‘We have a government that have low wage growth as a key feature of their economic architecture. They’ve said that.’
Speaking to almost 1,000 of the party faithful at Labor’s election night event in Sydney’s inner-west, Mr Albanese said he was humbled by the victory.
‘No matter how you voted … the government I lead will will respect everyone of you every day,’ he told the crowd.
‘We can have an even better future if we seize the opportunities that are right there in front of us.’
Labor made several gains across NSW, Victoria and South Australia, taking seats in Reid, Robertson, Boothby, Chisholm and Higgins
However, it was large swings in Western Australia that brought the result home for Labor, with marginal seats Hasluck, Swan and Pearce all falling to Labor, along with the safe Liberal seat Tangney.
Mr Albanese, 59, said the election win was a significant achievement and vowed to get to work immediately.
‘Friends, we have made history tonight, and (on Sunday), together, we begin the work of building a better future, for all Australians,’ he said.
The Labor leader vowed to implement the Uluru Statement from the Heart, along with establishing a national anti-corruption commission.
Mr Albanese is expected to be sworn in on Monday, along with senior members of his cabinet, before heading to Tokyo for the Quad meeting with the leaders of Japan, the US and India.
Scott Morrison is set to remain in parliament, having retained his Sydney seat of Cook, but will step down as leader at the next Liberal party room meeting.
The coalition is projected to hold 59 seats, with as many as 15 crossbenchers including four Greens MPs, according to election analyst William Bowe.
However, as vote counting continued the Australian Electoral Commission officially listed Labor as holding 75 seats, the coalition 51, with 12 crossbenchers and the remaining undecided.
There is still the prospect Labor could fall short of a majority, meaning it would need crossbench support to govern as it did between 2010 and 2013.
Australia’s trade union movement is looking forward to doing the ‘hard work’ with incoming prime minister Anthony Albanese on improving worker conditions
Australian Council of Trade Unions president Sally McManus said low wage growth, insecure work and cost of living had been left ‘festering’ under the coalition for nearly a decade.
‘We want our country to be one where working people are respected and the issues, the pressing issues, that are affecting them are addressed,’ Ms McManus said in Melbourne on Sunday.
In his victory speech on Saturday night, Mr Albanese thanked the union movement and said he’d be working with them and businesses to ‘to drive productivity, lift wages and profits’.
With the extent of coalition losses yet to be confirmed, Ms McManus said people were sick of outgoing prime minister Scott Morrison’s inaction.
‘You could list a whole lot of things he didn’t act on but for us, obviously, it was the the fact that wages were going nowhere,’ she said.
‘Even simple things like supporting the minimum wage going up, for people on $40,000 a year he said that wasn’t his job.’
‘It’s not just about a number, it’s about values and what you stand for.’
She said Mr Albanese’s backing of wage rises in line with inflation were a ‘key moment’ of the campaign.
As of midday on Sunday, it was unclear whether Mr Albanese would be able to form a majority government or need to work with some of the parliament’s newly elected crossbenchers to govern in minority.
The NSW Teacher’s Federation also backed Mr Albanese’s win, saying it was ready to work on Labor’s election promise of boosting schools funding to reach 100 per cent of the school resources standard.
The National Tertiary Eduction Union also called for more funding for staff in the university sector.
Business NSW’s Daniel Hunter said addressing the national skills gap should also be a priority.
‘A strong and vibrant NSW is the best thing for the national economy,’ he said.
By Finbar O’Mallon for Australian Associated Press
Help for first home buyers, free TAFE, HUGE spending, a radical climate agenda, and new gender laws: What left-wing Anthony Albanese becoming Australia’s PM means for YOU
By Stephen Johnson, Nic White, and Charlie Moore for Daily Mail Australia
Help for first home buyers
Labor will introduce a ‘Help to Buy’ scheme where the government would take a 40 per cent stake in up to 10,000 homes a year to help people earning less than $90,000 on to the property ladder.
Mr Albanese will also create a $10 billion Housing Australia Future Fund to build 30,000 new social and affordable housing properties in its first five years.
One of Labor’s most significant policies is to increase childcare subsidies for all families earning less than $530,000.
‘We can write universal childcare into that proud tradition,’ Mr Albanese told supporters.
Mr Albanese would remove a cap that prevents families earning more than $189,390 from receiving more than $10,560 a year in subsidies.
A family on $189,390 that uses childcare five days a week would instead get $21,608 in subsidies, more than double the current allowance.
Lower income families would also benefit from increased subsidies. For example, a family taking home $80,000 a year would get an extra $2,389 a year for full-time care.
Labor will also launch a review into providing a 90 per cent universal childcare subsidy.
Labor has proposed a ‘help to buy’ scheme which would see the government take a 40 per cent stake in up to 10,000 homes a year to help people earning less than $90,000 on to the property ladder (pictured is an auction in Melbourne)
Labor will implement the stage-three income tax cuts in 2024, which will create a flat rate of 30 per cent between $45,000 and $200,000.
The move mostly benefits those earning more than $120,000, who are now still taxed at 37 per cent.
Labor dropped its 2019 policy to ban negative gearing, a major tax bonus for property investors which economists say pushes up house prices.
Mr Albanese talked about Labor as the party of opportunity, using the language of self improvement over class warfare in his speech.
‘But also no one held back: of course, we should always support aspiration and opportunity,’ he said.
Labor will provide 465,000 free TAFE places and 20,000 extra university places under a $1.2 billion plan.
The free TAFE places will be for courses in industries with a skills shortages such as trades and construction, resources, digital and cyber security, new energy, and advanced manufacturing.
Labor has no plans to reduce university fees after the Coalition hiked prices for humanities courses.
Anthony Albanese vanquished Scott Morrison to become only the fourth Labor leader to win government from opposition since World War II
Access to GPs
Mr Albanese has pledged to build 50 first-aid clinics across the country.
The clinics will treat non-life threatening injuries such as broken bones, minor burns, cuts and animal stings and be open every day between 8am to 10pm.
He also promised to spend $750 million over four years to improve access to GPs including outside business hours.
Labor will increase government subsidies for medicines on the Pharmaceutical Benefits Scheme by reducing the maximum cost for the patient from $42.50 to $30 per script.
Defence and borders
Labor is backing the AUKUS alliance and obtaining nuclear-powered submarines to counter the rise of China.
Labor supports boat turn-backs and offshore processing but would scrap temporary protection visas. This would allow thousands of refugees already living in Australia to stay permanently.
The Coalition argued such a move would encourage people smugglers to start sending boats here again.
Labor is committed to net zero emissions by 2050 with a target of 43 per cent reduction by 2030 – more than the Coalition’s 26-28 per cent.
Together, we can take advantage of the opportunity for Australia to be a renewable energy superpower,’ Mr Albanese declared in his victory speech.
Labor will spend $20 billion to upgrade the electricity grid to improve transmission, roll out 85 solar banks and 400 community batteries and invest in 10,000 ‘new energy apprentices’ alongside a $10 million new energy skills program.
Mr Albanese said the plan would allow cheaper renewable sources to supply 82 per cent of electricity by 2030.
The plan is projected to create 604,000 jobs and slash average household energy prices by $275 a year by 2025 and $378 by 2035.
The new Labor government will also spend $3 billion on renewables manufacturing and deploying low-emissions technologies – as well as remove taxes on electric cars to make them cheaper.
Aged care changes
Mr Albanese outlined plans to improve aged care after a Royal Commission reported shocking incidences of neglect.
Labor sparked controversy by announcing it would require aged care homes to have a nurse on site 24 hours a day, seven days a week, from July 2023, a year before the Commission recommended.
The ALP will also make a submission to the Fair Work Commission to support a pay rise for aged care workers.
‘Together, we can fix the crisis in aged care,’ Mr Albanese said.
Anthony Albanese has vowed to introduce a law forcing companies to reveal how much they pay men and women if he becomes prime minister.
Labor will provide 465,000 free TAFE places and 20,000 extra university places under a $1.2 billion plan (pictured is a Sydney campus)
Labor will set up a $15 billion National Reconstruction Fund to fund major manufacturing projects across the nation.
The fund will provide loans, guarantees and equity to support projects in resources, transport, agriculture, medicine, energy, and defence.
Labor said the policy would ‘secure well-paid jobs, drive regional development, and invest in our national sovereign capability, broadening and diversifying Australia’s economy’.
Trains, trams, and ferries will be made in Australia instead of overseas and a fast rail line between Sydney and Newcastle will be built.
Labor will set up a federal integrity commission which the Morrison Government promised in 2019 then failed to deliver.
The Coalition’s proposed model cannot hold its own independent inquiries, public inquiries or investigate past scandals but Labor’s would be able to do all these things.
Labor will implement a series of industrial relations reforms to re-define casual work and give Australians more chance at securing permanent jobs.
In March 2021 the government defined casual work for the first time as a situation where a worker has ‘no firm advance commitment to continuing and indefinite work according to an agreed pattern of work’.
But Labor will change this so employment status is determined by workers’ shift patterns.
If an employee has regular shifts for a defined time period then they would be permanent not casual, such as a coal miner who has a 12 month fixed roster.
Mr Albanese will improve the rights of so-called gig workers such as Uber drivers and Deliveroo drivers.
Labor will extend the powers of the Fair Work Commission to include ’employee-like’ forms of work, meaning they would need to receive minimum wage.
The ALP will also bring in new laws to make sure workers who do the same job are paid the same if they are employed directly or through labour hire firms.
And pay secrecy clauses in employment contracts designed to stop workers talking about their pay-packets will be banned.