Casual working arrangements hindering Aussies
Casual working arrangements are hindering Aussies' chances of securing mortgages or personal loans, it has been argued.
New figures released by the Australian Bureau of Statistics have indicated that rates of unemployment have declined recently, with just 5.1 per cent of the population out of work at the end of January.
However, one in four people are still working on a casual basis and as a result are not entitled to holiday perks or sick pay, according to the Australian Council of Trade Unions.
The organisation has now called for a review of the system and Unions WA's Simon McGurk told ABC News that the current employment structure is not entirely fair on casual staff.
"It might mean that they have difficulty accessing housing, it can mean that they have trouble getting a personal loan," he was quoted as saying.
Mr McGurk added that the purpose of the inquiry was not to eradicate this type of work altogether, but to ensure employees do not struggle to make ends meet should they be unable to attend their job for whatever reason.
Have a question about personal loans? Ask the money gurus at Mozo Answers.