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Gender pay disparity persists in accounting

Gender pay disparity persists in accounting

The gap in salaries between male and female accountants remains at around 33 per cent, and is largely unchanged from the preceding financial year, according to new data from the Australian Tax Office.

Business Adrian Flores 30 April 2018
— 1 minute read

The ATO’s taxation statistics for 2015-16 revealed that the average taxable income was $110,804 across the 57,569 men who indicated their occupation as accountant under the code, 221111.

By contrast, the average taxable income was $73,478 across 62,552 women who indicated their occupation as an accountant under the code, 221111.

The occupation code 221111 covered general, bank and chartered accountants, as well as insolvency consultants and financial analysts, according to the ATO.

For those who identified as management accountants under the occupation code, 221112, the average taxable income across 17,316 men was $112,917.

On the other hand, the average taxable income across 17,328 women who identified as management accountants was $82,608.

As well as management accountants, the ATO’s occupation code 221112 covers carbon, cost, commercial and product accountants.

The ATO figures have remained relatively unchanged compared to 2014-15, where the average taxable income for male general accountants was $110,636, compared to $73,904 for their female counterparts.

It is a similar for management accountants, where the average taxable income for management accountants was $110,414 for men, compared to $79,513 for women.

Last year, Bankwest Curtin Economics Centre director Alan Duncan spoke to Accountants Daily about the gender pay gap in the accounting industry after releasing its Gender Equity Insights 2017: Inside Australia’s Gender Pay Gap report.

“Accountancy, which is part of the finance and insurance services sector of the report, has historically had a relatively high gender pay gap,” he said.

“It actually ranks at the top across all industry sectors in relation to the gender pay gap.”

By state and territory, accountants in NSW had the highest average taxable income in 2015-16, at $98,395. Western Australia and the ACT closely followed, at $96,459 and $94,531 respectively.

Victoria was the next state at $89,645, followed by Northern Territory at $85,788. Queensland, South Australia and Tasmania brought up the rear, with average taxable incomes of $83,860, $79,813 and $75,580 respectively.

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Gender pay disparity persists in accounting
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