Earlier today, the Fair Work Commission announced that Sunday and public holiday penalty rates for hospitality, restaurant, fast food, retail and pharmacy workers would be reduced from 200 per cent to 150 per cent, bringing them in line with the Saturday ‘time-and-a-half’ penalty rate. In a rather ironic twist, the review comes at the behest of Bill Shorten’s Labor party which commissioned it as part of a four-yearly penalty rate review by the independent FwC.