Is the ban on non-competes good policy?

Lawyers Weekly Podcast Network

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&A and litigation.

In this episode of The Lawyers Weekly Show, host Jerome Doraisamy welcomes back Hall & Wilcox partner Fay Calderone to discuss the announced ban on non-compete clauses for non-high-income workers in budget 2025, what the response has been 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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