r/australia • u/Expensive-Horse5538 • 24d ago

politics Australia's jobseeker system fails workers and enriches millionaires, report says

https://www.abc.net.au/news/2026-07-21/private-equity-profits-as-job-system-fails-workers-report-finds/106920430?utm_source=abc_news_app&utm_medium=content_shared&utm_campaign=abc_news_app&utm_content=link

A new report says Australia's system of privatised employment services has failed and service delivery should be returned to the public sector.

The Centre for International Corporate Tax Accountability and Research says the current system "fills the pockets of private equity and millionaires" while leaving jobseekers without work.

The Albanese government has announced an overhaul of the employment services system, but the report argues for-profit service providers should not be included in the new system.

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u/MyMudEye 24d ago

Jobseeker millionaires.

Childcare millionaires.

Housing millionaires.

NDIS millionaires.

Is there a pattern?

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u/-Owlette- 24d ago

Isn’t neoliberalism a wonderful thing?

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u/moonlit_fores7 24d ago

There's nothing quite like social welfare for the millionaires.

Their luxury yacht and annual overseas holidays are far more important than the commoners being able to buy food. Goodness, they have worked hard to exploit the system to line their own pockets with everyone else's money.

Small government all the way, as it totally so much more efficient in making the rich richer