Thresholds

Priority employee entitlement threshold

Employees of a business with a company structure have priority thresholds for a claim.

Excluded Employees: Excluded employees can only receive $2,000 in relation to wages and $1,500 in relation to leave entitlements in priority to non-employee creditors. They will not receive a priority dividend for other entitlements.

Non-excluded employee: No Limit. Non-excluded employees (not related to the directors) can receive their full entitlements.

Disclaimer

The enclosed information is of necessity a brief overview and it is not intended that readers should rely wholly on the information contained herein. No warranty express or implied is given in respect of the information provided and accordingly no responsibility is taken by Worrells or any member of the firm for any loss resulting from any error or omission contained within this fact sheet.

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