Women are still being paid almost $30,000 a year less than men and the gap widens with age

Australia’s gender pay gap has narrowed to 21.1% but remains widest among CEOs (25%) and women in their late 50s ($53,000 less annually). Recent wage increases in female-dominated sectors and rising women’s managerial pay have driven progress.

New legislation will mandate gender targets for boards and pay equity in large companies, building on public reporting of pay gaps. Despite improvements, women’s board representation remains at one-third, with a quarter of companies having no female board members.

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