INDUSTRY SPECIFIC REDUNDANCY SCHEME Sample Clauses

INDUSTRY SPECIFIC REDUNDANCY SCHEME a) The employer shall participate in a Redundancy Protection Scheme and shall make relevant contributions on behalf of all employees to provide for the payment of redundancy benefits to employees. b) The benefits to be provided to the Employees shall be equivalent to the benefits provided by an Approved Worker Entitlement Fund under the Fringe Benefits Tax Assessment Act 1986 (ATO Approved Fund) that is administered and/or managed by Redundancy Payment Central Fund Ltd (Incolink). c) The particular Redundancy Protection Scheme to be provided shall be agreed between the majority of employees and the employer. Any ATO Approved Fund that is administered and/or managed by Incolink shall be taken as agreed to by the majority of employees and the employer for the purpose of this clause. d) For the purpose of clause (c) once Incolink has notified the employer of the relevant ATO Approved Fund (Incolink Responsible Fund) the employer will enrol to become a member and will enrol all the employees of the employer within the scope of this Agreement in the Incolink Responsible Fund in accordance with the constituting documents of the Incolink Responsible Fund. The employer must abide by and pay contributions to that Incolink Responsible Fund on behalf of each employee in accordance with the constituting documents of the Incolink Responsible Fund. The employees enrolled shall be entitled to redundancy benefits in accordance with the terms of the Incolink Responsible Fund’s trust deed. e) Where the employer is already a member of an ATO Approved Fund which lncolink is trustee (Appropriate lncolink Fund), the employer shall enrol all the employees of the employer within the scope of this Agreement in the Appropriate lncolink Fund in accordance with the constituting documents of the Appropriate Incolink Fund. The employer must abide by and pay contributions to that Appropriate Incolink Fund on behalf of each employee in accordance with the constituting documents of the Appropriate Incolink Fund. The employees enrolled shall be entitled to redundancy benefits in accordance with the terms of the Appropriate Incolink Fund’s trust deed. f) If lncolink nominates any other ATO Approved Fund the employer shall pay contributions to that fund on behalf of each employee in accordance with the constituting documents of that other ATO Approved Fund. g) In all cases the redundancy payments which the employer is liable to pay are whichever are the greater of the entitlement of the empl...
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INDUSTRY SPECIFIC REDUNDANCY SCHEME. 20.1 The employer will participate in the ACIRT Redundancy Scheme or other equivalent Redundancy Scheme/Fund as agreed between the employer and employees and make contributions to the Scheme in accordance with this clause for each employee and ACIRT deed. Contributions will continue whilst an employee is absent on paid annual leave, sick leave, long service leave, public holidays, jury service, bereavement leave, workers compensation up to 26 weeks as per Acirt deed, or other paid leave.
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INDUSTRY SPECIFIC REDUNDANCY SCHEME. 43.1 The employer shall contribute to an approved Construction Industry Redundancy Fund ("Reddifund") or other for all employees covered under this Agreement and engaged on Construction Projects as follows: (a) Contribution will be $80.00 per week. (b) The employer will also contribute towards an approved Construction Industry Mutual Benefit Fund for all employees for insurance and other benefits. Those benefits being Death Benefits, Journey Personal Accident, Leisure Travel, Child Care and Emergency Transport that are in line with Insurers conditions of Insurance Policy. 43.2 Should there be a shortfall of contributions in the Fund made by the employer, then the employer will make up the shortfall in accordance with the NES requirements.
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INDUSTRY SPECIFIC REDUNDANCY SCHEME. 20.1 The employer will participate in the ACIRT Redundancy Scheme or other equivalent Redundancy Scheme/Fund as agreed between the employer and employees and make contributions to the Scheme in accordance with this clause for each employee.
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INDUSTRY SPECIFIC REDUNDANCY SCHEME. 16.2.1. The Company is, and will remain during the life of this agreement, a member of the INCOLINK Number 2 and/or ACIRT redundancy funds and will enroll all Employees within the scope of this agreement in the fund nominated by the Employee.
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INDUSTRY SPECIFIC REDUNDANCY SCHEME a) . The employer shall participate in a Redundancy Protection Scheme and shall make relevant contributions on behalf of all employees to provide for the payment of redundancy benefits to employees.
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