IN BRIEF
In October 2012 the Federal Government introduced the Fair
Entitlements Guarantee Bill 2012 to formalise by legislation,
what has to date operated as the General Employee Entitlements and
Redundancy Scheme (GEERS). The Bill is likely to become law in
early 2013. This article discusses who is eligible for financial
assistance under the Bill and what they can claim.
In October 2012 the Federal Government introduced the Fair
Entitlements Guarantee Bill 2012 to formalise by legislation,
what has to date operated as the General Employee Entitlements and
Redundancy Scheme (GEERS). The Bill is now sitting in the Senate of
the Federal Parliament and nearing the end of the legislative
process. It is likely to become law in early 2013. It is not
anticipated that there will be any significant changes to the Bill
in its present form.
