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

Barnett rates penalty chances

Colin Barnett has set the scene for an industrial stoush with his proposed changes to Sunday penalty rates.

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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
263rdRio Tinto12%-1%
362ndWestpac-2%13%
377thTelstra-4%21%
387thCommonwealth Bank-7%14%
476thWoolworths-19%-1%
736 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
3rd↓Rio Tinto$49,225.3m
4th-Commonwealth Bank$27,005.0m
5th-Telstra$26,607.0m
6th↑Westpac$21,642.0m
78 listed non wa companies ranked by revenue.
Source: Morningstar

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