|Name:||Fair Entitlements Guarantee Act 2012 (Act No. 159 of 2012).|
|Subject(s):||Employment security, termination of employment|
|Type of legislation:||Law, Act|
|Entry into force:|
|Bibliography:||Legislation on-line ComLaw, Australia PDF of Act as amended to Act No. 62, 2014 (consulted on 2012-12-11)
|Abstract/Citation:||An Act to provide for financial assistance for workers who have not been fully paid for work done for insolvents or bankrupts, and for related purposes.
The main objects of this Act are:
(a) to provide for the Commonwealth to pay advances on account of unpaid employment entitlements of former employees of employers in cases where:
(i) the employers are insolvent or bankrupt; and
(ii) the end of the employment of the former employees was connected with that insolvency or bankruptcy; and
(iii) the former employees cannot get payment of the entitlements from other sources; and
(b) to allow the Commonwealth to recover the advances through the winding up or bankruptcy of the employers and from other payments the former employees receive for the entitlements.