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Is the ban on non-competes good policy?
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In Labor’s pre-election budget, Treasurer Jim Chalmers announced a ban on non-compete clauses for workers earning less than $175,000. Here, we unpack implications for businesses, workers, and the political climate, as well as the consequences not only for employment law but also for M&As and litigation.
In this episode of The HR Leader Show, host Jerome Doraisamy speaks to employment law partner Fay Calderone, from national law firm Hall & Wilcox, to discuss the announced ban on non-compete clauses for non-high-income workers in the 2025 budget, the response from businesses and employment lawyers, and the likely consequences for the M&A market and litigious climate.
Calderone also delves into the divide between political impressions of this announcement versus the business reality, striking the right balance between employee freedom and business protections, who employment lawyers will have to collaborate with moving forward, what constitutes best practice for lawyers looking ahead, and her broad guidance to businesses in the wake of the announced ban.
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