Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

FAIR ENTITLEMENTS GUARANTEE ACT 2012 - SECT 23

Basic amount for redundancy pay entitlement

    The basic amount for a person ' s redundancy pay entitlement for his or her employment by an employer is so much of the entitlement as:

  (a)   is not a cost of the winding up or bankruptcy of the employer; and

  (b)   does not exceed the total of:

  (i)   4 weeks ' pay (at the rate relevant to working out that entitlement) for each full year of the person ' s service with the employer for which the employer was required to pay redundancy pay by the governing instrument for that employment; and

  (ii)   if that instrument requires payment of redundancy pay for a proportion of a year (less than a full year) of the person ' s service with the employer--that proportion of 4 weeks ' pay (at the rate relevant to working out that entitlement).

Note:   Sections   25 and 26 may affect the basic amount.


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback