Pacific Workers’ Superannuation Talanoa Address Critical Issues
APIA, Samoa – The Pacific Australia Labour Mobility (PALM) scheme and the Recognised Seasonal Employers (RSE) program have been instrumental in promoting economic development and fostering regional cooperation among Pacific participant countries. However, an ongoing challenge faced by workers under these schemes relates to superannuation arrangements and the accessibility of funds upon return to their countries of origin. To address this pressing issue and find a comprehensive regional solution, the PACER Plus Implementation Unit initiated the first Regional Virtual Talanoa on Superannuation Arrangements in the RSE and PALM Schemes today. The virtual talanoa was an outcome of the 2022 Pacific Labour Mobility Annual Meeting (PLMAM) and aimed to increase understanding of existing superannuation arrangements, the issues involved and establish a regional way forward to addressing these issues. Key stakeholders from Australia and New Zealand, Pacific PACER Plus Parties and Signatories to the PACER Plus Arrangement on Labour Mobility, as well as representatives from PALM and RSE labour sending countries which are not Parties to the PACER Plus met virtually today for the first Regional Virtual Talanoa on Superannuation Arrangements in the RSE and PALM Schemes. In establishing this regional way forward on superannuation, it was important to ensure an inclusive talanoa that can mutually deliver benefits to both labour sending and labour receiving countries. The talanoa therefore brought together key stakeholders from Australia and New Zealand, Pacific PACER Plus Parties and Signatories to the PACER Plus Arrangement on Labour Mobility, as well as representatives from PALM and RSE labour sending countries which are not Parties to the PACER Plus. Superannuation arrangements differ between Australia and New Zealand, with Australian laws mandating Approved Employers to contribute 11 percent of gross earnings to workers’ superannuation funds. On the other hand, New Zealand’s RSE program does not require employers to make superannuation contributions, but the New Zealand government and RSE employers have looked into other superannuation arrangements for workers. Superannuation funds are additional financial flows that can support Pacific households and communities as well as contribute to economic development in Pacific labour sending countries. These monies are claimed upon workers’ return to their countries and exists as a form of savings additional to their wages. Improving the process for claiming these funds and exploring opportunities for transfers to national provident funds would increase the benefits to workers and their communities. During today’s virtual gathering, participants engaged in candid discussions, exchanged perspectives, and jointly explored feasible solutions that ensure equitable and efficient superannuation arrangements for all workers under the RSE and PALM schemes. The PACER Plus Implementation Unit is committed to fostering stronger cooperation among labour receiving and sending countries and is confident that it is through increased cooperation that arrangements such as for superannuation can be improved so as to increase benefits to the Pacific. -ENDS- More articles like this one
Pacific Trade Strengthened as Regional Workshop Concludes in Honiara
HONIARA, Solomon Islands – The Pacific Regional Advanced Trade in Goods Workshop, a key event aimed at strengthening trade capacity in the Pacific, has successfully concluded. The three-day workshop, held from 12-14 August 2024, was organised through a partnership between the Australian Government’s Department of Foreign Affairs and Trade (DFAT) and the PACER Plus Implementation Unit (PPIU). Mr. Colin Beck (center), Permanent Secretary of Solomon Islands’ Ministry of Foreign Affairs and External Trade with Mr. Andrew Schloeffel (fifth from left), Australian Deputy High Commissioner to Solomon Islands and government officials from PACER Plus Pacific countries at the Pacific Regional Advanced Trade in Goods Workshop in Honiara, Solomon Islands. The workshop brought together government officials from Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu to deepen their understanding of the rules-based trading system, World Trade Organisation (WTO) structures, agreements, and the challenges and opportunities they present to Pacific Island countries. Participants also explored the intricacies of multilateral and regional trade agreements, including PACER Plus, and their applications within the region. Mr. Colin Beck, Permanent Secretary of Solomon Islands’ Ministry of Foreign Affairs and External Trade. In his opening remarks, Mr. Colin Beck, Permanent Secretary of Solomon Islands’ Ministry of Foreign Affairs and External Trade, highlighted the significance of PACER Plus supporting customs automation and improvement in biosecurity measures in Solomon Islands. “PACER Plus has the potential to be a powerful tool for our development, but it is crucial that its initiatives are country-initiated and country-led. There is an opportunity to strengthen delivery of PACER Plus initiatives, ensuring it truly meets the needs of our people.” Colin Beck, Permanent Secretary of Solomon Islands’ Ministry of Foreign Affairs and External Trade Mr. Andrew Schloeffel, Australian Deputy High Commissioner to Solomon Islands, highlighted the role of trade in driving sustainable growth and economic resilience in the Pacific. “Under PACER Plus, all member countries have tariff and quota-free access to Australia. This covers all product lines — 100 percent of products exported enter Australia duty-free. And this commitment will continue irrespective of the development status of each member country.” Andrew Schloeffel, Australian Deputy High Commissioner to Solomon Islands The workshop is part of broader capacity-building efforts for the Pacific region, designed to enhance the understanding of trade-related issues and support the economic integration of Pacific Island countries into the global trading system. -ENDS- More articles like this one