Pay­ing cost of cash jobs

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YOUNG work­ers should be wary of cash-in­hand pay­ments from their em­ploy­ers be­cause it can deny them an­nual leave, sick leave and other en­ti­tle­ments.

Work­ing for cash-in-hand pay­ments also may have longer-term ram­i­fi­ca­tions to their fi­nances be­cause no su­per­an­nu­a­tion is paid.

Na­tional re­search com­mis­sioned by the ACTU and Vic­to­rian Trades Hall Coun­cil finds one in four young work­ers are be­ing paid cashin-hand, a ‘‘ black-mar­ket cash econ­omy’’ that some em­ploy­ers use to avoid their obli­ga­tions.

It can mean work­ers dodge taxes but also lose out in other non-mone­tary ways.

ACTU pres­i­dent Ged Kear­ney says that cash-in-hand work is part of a trend to­wards in­se­cure work.

‘‘ There is a real con­cern that young work­ers are be­ing told they must work cash-in-hand by em­ploy­ers if they want to get the job,’’ Kear­ney says.

‘‘ The ma­jor­ity of busi­nesses do the right thing and pay the taxes they are re­quired to.

‘‘ They should be out­raged be­cause it means they are forced to com­pete with com­pa­nies that have an un­fair ad­van­tage.’’

The re­search finds 13 per cent of all work­ers have been paid cash-in-hand in the past three years and 48 per cent had not been paid su­per­an­nu­a­tion.

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