Newspaper article Daily Examiner (Grafton, Australia)

Plan Worth Talking about; Tony Abbott's Parental Leave Plan Provides Six Months' Paid Leave for Australian Women. but the $2.7 Billion Scheme Would Require a Levy on High-Profit Companies. the Examiner's Bryony Triggs Spoke to Westlawn Finance's Mark Dougherty for His Opinion

Newspaper article Daily Examiner (Grafton, Australia)

Plan Worth Talking about; Tony Abbott's Parental Leave Plan Provides Six Months' Paid Leave for Australian Women. but the $2.7 Billion Scheme Would Require a Levy on High-Profit Companies. the Examiner's Bryony Triggs Spoke to Westlawn Finance's Mark Dougherty for His Opinion

Article excerpt

Byline: bryony triggs newsroom@dailyexaminer.com.au

A LOCAL business has spoken out in support of opposition leader Tony Abbott's new parental leave plan, announced as part of Monday's International Women's Day celebrations.

The scheme would include six months' full-pay parental leave to a maximum of $150,000 for every working Australian woman.

To achieve this, Mr Abbott has proposed a levy of 1.7 per cent on the taxable income of companies which profit more than $5 million per year.

Westlawn Finance director Mark Dougherty said the plan had merit - particularly given that rural and regional businesses would be unlikely to bear the brunt of the levy.

"The number of businesses affected in the North Coast area would be reasonably limited," Mr Dougherty said.

"The majority of that would come out of city areas, which isn't a bad thing."

Mr Dougherty said looking after the workforce 'made sense'.

"In the bigger picture, it's a bit of an investment in the working population of Australia," he said. …

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