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Given that the commission may decide to reduce penalty rates or scrap them altogether, these positions might appear to be contradictory.
Labor has refused to say whether it would override any Fair Work Commission decision to reduce penalty rates after the Greens promised to try to protect rates regardless of the independent umpire's ruling.
Campaigners, who have lobbied banks to reduce penalty charges, had been expected to appear outside the International Dispute Resolution Centre in London tomorrow, where the hearing is being held.
Earlier this year, the OFT ordered card companies to reduce penalty payments from £25 to £12 for customers who fail to pay their credit card bill on time or exceed credit limits.
"Any proposal to reduce penalty rates is nothing more than an unfair and unjust money grab that will disadvantage the employees most deserving of just recompense for the impact shift work has on their health and lifestyle," the union's submission to the Fair Work Commission says.
The prime minister played down the prospects of the government taking active steps to reduce penalty rates, but said he was "very happy" for employers to put their case to the Fair Work Commission (FWC) and for the independent umpire to consider the need to boost employment.
Similar(49)
"Sincere confession can reduce penalties".
It will also reduce penalties for mistakes in paperwork.
Friday, the committee voted to reduce penalties on people who go without insurance.
That will show good will on your part, and reduce penalties and interest, too.
Britain plans to reduce penalties for possession this summer, a policy supported by the nation's leading medical journal, The Lancet.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com