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Key changes under women's finance plan

Making paid parental leave more flexible is among changes involved in a $109 million federal government plan to improve women's financial independence.

WOMEN'S ECONOMIC SECURITY PLAN

CHANGES TO PAID PARENTAL LEAVE:

* Currently, parents need to have worked at least 330 hours in 10 of the 13 months prior to their child's birth, with a break of no more than eight weeks between two working days.

But under the changes, parents will still qualify if they'd had a break of up to 12 months, and be able to move their work test period if they had to stop work early due to a workplace hazard.

* Extra flexibility will also be added to the scheme, with families able to split their parental leave period into blocks.

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An initial minimum of 12 weeks could be taken, with the remaining six weeks able to be claimed within two years of a birth or adoption.

SUPPORT FOR THOSE WHO HAVE FACED DOMESTIC VIOLENCE:

* The early release of superannuation is being extended for domestic violence victims, and the visibility of superannuation assets will be improved in family law proceedings.

* Further funding is going towards legal assistance for victims of domestic violence, to save them from being directly cross-examined by their perpetrators in family law matters.

HELPING WOMEN ENTREPRENUERS:

* A Future Female Entrepreneurs program will be established, in partnership with the private sector, to encourage women's entrepreneurship.

* A new grants program will also be created to help women entrepreneurs access finance.

* The Curious Minds program, aimed at encouraging high school girls to become involved in science and mathematics, will be extended.

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2 min read

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Source: AAP



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