Super Retail has proven in 2020 its ability to adapt to rapidly changing consumer demand, reduce costs when summer bushfires have reduced revenue, keep cash when the coronavirus pandemic first hit, and then expand its omni-channel capabilities to take advantage of the acceleration of online shopping. The Fair Work Commission`s Full Court today issued its decision on transitional provisions for reductions in Sunday sentences and public holidays announced on 23 February 2017. The Commission has decided that Sunday sanctions will be reduced by a gradual transition of four (4) for permanent staff and a three-step transition for casual staff in the retail sector. The Commission also confirmed that take home pay orders would not be available to workers affected by the cuts and that there would be no “red circle” or “grandfather” of existing workers. The table below shows how the reduction in Sunday`s interest rate will change: General Retail Industry Award 2010 Previous Category July 1, 2017 1. July 2018 1 July 2019 1 July 2020 Permanent Sunday 200% 195% 180% 165% 150% Casual Sunday 200% 19 5% 185% 175% – Hospitality Industry Award 2010 Previous category 1 July 2017 1 July 2018 1 July 2019 Permanent Sunday 175% 170% 160% 150% Pharmacy Industry Award 2010 Previous category 1 July 2017 1 July 2018 1 July 2019 1 July 2020 Permanent Sunday 200% 195% 180% 165% 150…… It has also received help from landlords through rent deferrals. Occupancy costs increased after switching to sales-based leases due to the resumption of sales in the June quarter. The company received $6.5 million in wage subsidies from the Australian and New Zealand authorities for Supercheap Auto and Macpac and secured agreements on extended payment terms from suppliers. The CBF`s relationship with the Super Retail Group extends to partnership with the company through the unique business bargaining process, which includes significant employee representation and two major unions. Super Retail Group`s 2015 enterprise agreement has resulted in significant structural changes and productivity improvements. We worked with the company at all stages of the process, including the first strategy, negotiations, technical advice and assistance and cooperation with the Fair Work Commission.

Earnings growth was mitigated by higher wage costs under a new enterprise agreement and share divestment at the beginning of the pandemic, which freed up cash but reduced margins. 2016 proved to be a turbulent year for the Fair Work Commission to approve enterprise agreements (or not, as has been the case for many employers). Vice President Sams` decision to approve the Beechworth Bakery Employee Co Pty Ltd 2016 (agreement) agreement has been a hope for employers in an otherwise bleak licensing landscape. When the case was approved last year, the SDA argued that the agreement had not passed the best overall test (BOOT). Vice-President Sams also expressed his concerns on this issue. Subsequently, Beechworth proposed commitments to address these concerns and ultimately proposed that a worker be able to request a four-month salary comparison if he felt that, overall, they were not better under the agreement to address any workers` compensation deficits relative to the corresponding modern bonus.