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FREEDOM OF CHOICE: Shopping is more pastime than necessity these days. Photo: Attila Csaszar

Barnett rates penalty chances

Premier Colin Barnett has done what Prime Minister Tony Abbott studiously avoided – promise industrial relations reform in the lead up to a general election.

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Osborne Park
It is well passed the time for reform of the restrictive penalty rates for weekend work. Diversity of the community can well accommodate payment for those that are willing to work weekends without the excessive penalty cost which forces businesses to restrict their activities. This constraint costs the community jobs and growth at a time when our economy is most in need.

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Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
247thRio Tinto12%-1%
354thWestpac-2%13%
374thTelstra-4%21%
389thCommonwealth Bank-7%14%
467thWoolworths-19%-1%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

1st↑Woolworths$61,149.4m
2nd-Rio Tinto$49,225.3m
5th-Commonwealth Bank$27,005.0m
6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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