Restructuring, Turnaround and Insolvency Specialists

Forms and Information Sheets for Employees

Employees who have lost their jobs because their employer became bankrupt or went into liquidation may be able to receive financial help from the Australian Government through the Fair Entitlements Guarantee (FEG).

FEG is a legislative safety net scheme, with assistance available for employees who are owed:

  • Wages – up to 13 weeks unpaid wages
  • Annual Leave
  • Long Service Leave
  • Payment in lieu of notice – maximum of 5 weeks
  • Redundancy pay – maximum of 4 weeks per full year of service

 

Immediately upon cessation of employment, employees are recommended to avail themselves of the FEG operated by the Federal Government. It should be noted that this process can take some months before funds are advanced to meet the claims of employees and is only available should the company be placed into liquidation.

FEG Claim forms can be obtained by following the below link. It is important for claims to be submitted as if a claim is not submitted within the prescribed time the claim may not be considered by the government.

 

For further information in respect to the FEG Scheme employees are referred to the following websites:

Eligibility for FEG

How to access FEG Online Services and Lodge a FEG claim online

More information on FEG

Eligibility, Application Process and Online Services:

The FEG form can be downloaded and printed from here

What do I do if my employer has not provided me with a PAYG Summary

It is common in a liquidation that employees will not have been provided a PAYG Summary by their employers.  Employees can review their payslips, time-sheets and bank statements to calculate their gross wages for the financial year.  If you are not in a position to obtain the information, employees can avail themselves to Gross pay estimator to estimate your income and withholding details for that relevant employer.  This calculator will give you an estimate of your gross wage based on your net pay for a particular period, which could be weekly, fortnightly or monthly depending on your pay period.

For further information in respect to missing or lost PAYG Summaries are available on the ATO website.

ATO Statutory Declaration Form – PAYG

 

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