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Section : What redundancy pay is payable?
Domain : Human Resource Management
Classification : Not Identified
Text Content
At least 2 years 1 year but less than, Redundancy pay = 4 weeks. At least 3 years 2 years but less than, Redundancy pay = 6 weeks. At least 4 years 3 years but less than, Redundancy pay = 7 weeks. At least 5 years 4 years but less than, Redundancy pay = 8 weeks. At least 6 years 5 years but less than, Redundancy pay = 10 weeks. At least 7 years 6 years but less than, Redundancy pay = 11 weeks. At least 8 years 7 years but less than, Redundancy pay = 13 weeks. At least 9 years 8 years but less than, Redundancy pay = 14 weeks. At 10 least 9 years years but less than, Redundancy pay = 16 weeks. At least 10 years, Redundancy pay = 12 weeks* *There is a reduction in redundancy pay from 16 weeks to 12 weeks for employees with at least 10 years continuous service. This is consistent with the 2004 Redundancy Case decision made by the Australian Industrial Relations Commission.