NSW Boxing Day trade Bill a windfall for retailers

THE Australian Retailers Association (ARA) has praised NSW Premier, Mike Baird, and the NSW Government for the successful passing of a Bill that will allow all retailers across the state to trade on Boxing Day this year.

NSW has been one of the only states in Australia to enforce Boxing Day retail closures, with only stores in the Sydney CBD and tourist areas allowed to trade.

Russell Zimmerman, Executive Director of the ARA, said the new ruling to allow all retailers to trade on Boxing Day is a fantastic outcome and will eliminate the uneven playing field that was fostered by the previous law.

“The passing of this Bill is a windfall for the majority of NSW retail businesses. It will allow those who would like to trade on Boxing Day outside of tourist areas and the Sydney CBD to cash in on this lucrative day of consumer spending,” Mr Zimmerman said.

“The previous law was a draconian decision which left NSW, the largest economy in Australia, behind the rest of the country and blocked thousands of retailers from opening on the biggest sale day of the year.

“We now live in a seven day consumer economy, and shoppers are demanding to be able to shop whenever and however they want. This is a common sense decision that will benefit retailers and consumers alike.

“The ARA thanks the Government, and Premier, Mike Baird, for his work in pushing for this change, and Fred Nile’s Christian Democrat Party for its support, which will see the NSW economy benefit from the huge profits that can be made by retailers opening on Boxing Day,” said Mr Zimmerman.

It is important to note that in 2015, as Boxing Day falls on a Saturday, both December 26 and Monday December 28 will be classified as public holidays and penalty rates of 250 percent will apply for employees rostered to work on these days.

The ARA is currently engaged in a review of General Retail Industry Award 2010 (GRIA) with the view to lowering of penalty rates to reduce the costs for retailers trading on Sundays and public holidays, with an outcome expected in the first half of 2016.

About the Australian Retailers Association:

Founded in 1903, the Australian Retailers Association (ARA) is the retail industry’s peak representative body representing Australia’s $284 billion sector, which employs more than 1.2 million people. The ARA works to ensure retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

For more information, visit www.retail.org.au or call 1300 368 041.

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