Incolink. During the life of this Agreement the company will remain, a participating employer in the Redundancy Payment Central Fund Ltd (Incolink). Accordingly, the Company will ensure that all employees will be enrolled in the Fund and be entitled to redundancy benefits in accordance with its terms.
Incolink. Where the employer has enrolled an employee into the Incolink scheme, then for the purpose of determining the entitlement of the employee, the employer will firstly calculate the employees’ entitlement in accordance with this clause, and deduct an amount equal to the total contribution paid into the Incolink scheme on behalf of the employee.
Incolink. Redundancy
(a) The employer is, and will remain during the life of this Agreement, a member of the Redundancy Payment Approved Workers Entitlement Fund 2 (“Incolink Number 1 Fund”) of which Redundancy Payment Central Fund Ltd (“Incolink”) is trustee, and all the employees of the employer within the scope of this Agreement will be enrolled in the Incolink Number 2 Fund and be entitled to redundancy benefits in accordance with the terms of the Trust Deed.
(b) The employer shall pay contributions to the Incolink Number 2 Fund on behalf of each employee (other than apprentices) on a weekly basis in accordance with the Trust Deed. If Incolink nominates any other fund under clause 51.3(d) hereof, the employer shall pay contributions to that fund on behalf of each employee on a weekly basis and in accordance with the constituting documents of that other fund.
(c) An employee is entitled to access his/her redundancy payments when they cease to be employed by the employer. The amount of the redundancy payment shall be whichever is the greater of the entitlement due under the Award and the entitlement of the employee under the Incolink Number 2 Fund Trust deed (or under the constituting documents of any fund nominated by Incolink under clause 51.3(d) hereof).
(d) The liability of the employer to pay redundancy payments to an employee under this clause will be met by the making of the contributions on behalf of each employee required as a member of the Incolink Number 2 Fund, or by another fund nominated by Incolink under clause 51.3(e) hereof.
(e) References in this clause to “Incolink Number 2 Fund” include a reference to another fund for comparable purposes nominated by Incolink for the purpose of this Agreement as a fund which supersedes the Incolink Number 2 Fund.
Incolink. 34.1 The parties agree to a system of enhancing the contribution of the Redundancy Entitlements into the Incolink No. 2 Fund.
34.2 An amount of $60.80 per week will be paid into Incolink No. 2 Fund for employees and to increase with Industry Fund moves.
Incolink. The Employer will contribute $20.00 into Incolink for all employees covered by this agreement who perform domestic work. The Employees will be enrolled in the fund and be entitled to redundancy benefits in accordance with its terms. For those employees working on construction sites, the employer will contribute the full amount of Incolink in accordance with the Fund plan. The company shall and will remain during the life of this Agreement, a participating employer in the Redundancy Payment Central Fund Ltd (Incolink) and all employees shall be enrolled in the Fund and be entitled to redundancy benefits in accordance with its terms.
