Common use of Redundancy Clause in Contracts

Redundancy. 36.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 For projects where the Total Cost of Work is $50m or greater, the Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 Apprentice contributions shall be calculated using the following percentage of the trade rate: Stage 4 year Apprentice 3 year Apprentice 36.6 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months.

Redundancy. 36.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 For projects where the Total Cost of Work is $50m or greater, the Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 January 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 January 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: $54.00 $82.00 $87.00 $91.00 $96.50 $100.00 *New rates are effective from the first pay period of the month listed* At the same time contributions are made to the Employee's Redundancy fund, the Employer must pay to the Trustee of the Building Employees Welfare Trust (BEWT) or other similar fund nominated by the Union an amount equal to the following: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 Apprentice contributions shall be calculated using the following percentage of the trade rate: Stage 4 year Apprentice 3 year Apprentice 3rd 75% 90% 4th 90% N/A 36.6 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months. 36.7 Where the Employee's balance in the Employee's Redundancy fund reaches $20,000.00 or an amount that equals 10 weeks' wages, the Employee will have the option to continue to have contributions paid to their Redundancy fund or redirected to BUSSQ. It is the Employee's option only. Where an employee exercises (or has exercised) this option, his or her Redundancy entitlement will be deemed met for all current and future entitlements arising from the current employment engagement. 36.8 Contributions to the Employee's Redundancy fund must be made, at a minimum, monthly, by no later than the 15th of the following month. Details of the Employer's contribution for each month including when contribution was made and for how much, are to be shown on the Employee's wage statement by the end of the second week of each subsequent month. Late payments shall attract a penalty of 10% of the total amount due, unless there is a reasonable explanation that is acceptable to the parties of this agreement.

Redundancy. 36.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 For projects where the Total Cost of Work is $50m or greater, this project the Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 Apprentice contributions shall be calculated using the following percentage of the trade rate: Stage 4 year Apprentice 3 year Apprentice 36.6 36.4 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months. 36.5 Where the Employee's balance in the Employee's Redundancy fund reaches $20,000.00 or an amount that equals 10 weeks' wages, the Employee will have the option to continue to have contributions paid to their Redundancy fund or redirected to BUSSQ. It is the Employee's option only. Where an employee exercises (or has exercised) this option, his or her Redundancy entitlement will be deemed met for all current and future entitlements arising from the current employment engagement. 36.6 Contributions to the Employee's Redundancy fund must be made, at a minimum, monthly, by no later than the 15th of the following month. Details of the Employer's contribution for each month including when contribution was made and for how much, are to be shown on the Employee's wage statement by the end of the second week of each subsequent month. Late payments shall attract a penalty of 10% of the total amount due, unless there is a reasonable explanation that is acceptable to the parties of this agreement.

Redundancy. 36.1 34.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 For projects where the Total Cost of Work is $50m or greater, the 34.2 The Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 34.3 Apprentice / Trainee contributions shall be calculated using the following percentage of the trade rate: Stage 4 4-year Apprentice 3 3-year Apprentice 36.6 1st 50% 50% 2nd 60% 70% 3rd 75% 90% 4th 90% N/A 34.4 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months. 34.5 Where the Employee's balance in the Employee's Redundancy fund reaches $20,000.00 or an amount that equals 10 weeks' wages, the Employee will have the option to continue to have contributions paid to their Redundancy fund or redirected to BUSSQ. It is the Employee's option only. Where an employee exercises (or has exercised) this option, his or her Redundancy entitlement will be deemed met for all current and future entitlements arising from the current employment engagement. 34.6 Contributions to the Employee's Redundancy fund must be made, at a minimum, monthly, by no later than the 15th of the following month. Details of the Employer's contribution for each month including when contribution was made and for how much, are to be shown on the Employee's wage statement by the end of the second week of each subsequent month. Late payments shall attract a penalty of 10% of the total amount due, unless there is a reasonable explanation that is acceptable to the parties of this agreement.

Redundancy. 36.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 For projects where the Total Cost of Work is $50m or greater, the Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 Apprentice contributions shall be calculated using the following percentage of the trade rate: Stage 4 year Apprentice Percentage 3 year Apprentice Percentage 1st 50% 50% 2nd 60% 70% 3rd 75% 90% 4th 90% N/A 36.6 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months.

Redundancy. 36.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 For projects where the Total Cost of Work is $50m or greater, the Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 January 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 January 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: $54.00 $82.00 $87.00 $91.00 $96.50 $100.00 *New rates are effective from the first pay period of the month listed* At the same time contributions are made to the Employee's Redundancy fund, the Employer must pay to the Trustee of the Building Employees Welfare Trust (BEWT) or other similar fund nominated by the Union an amount equal to the following: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 Apprentice contributions shall be calculated using the following percentage of the trade rate: Stage 4 year Apprentice 3 year Apprentice 36.6 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months.

Redundancy. 36.1 35.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 35.2 For projects where the Total Cost of Work is $50m or greater, the Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 January 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 January 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 35.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: $54.00 $82.00 $87.00 $91.00 $96.50 $100.00 *New rates are effective from the first pay period of the month listed* At the same time contributions are made to the Employee's Redundancy fund, the Employer must pay to the Trustee of the Building Employees Welfare Trust (BEWT) or other similar fund nominated by the Union an amount equal to the following: 1 January 2022 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 35.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 35.5 Apprentice contributions shall be calculated using the following percentage of the trade rate: Stage 4 year Apprentice 3 year Apprentice 36.6 35.6 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months.

Redundancy. ‌ 36.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 For projects where the Total Cost of Work is $50m or greater, the Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 Apprentice contributions shall be calculated using the following percentage of the trade rate: Stage 4 year Apprentice 3 year Apprentice 36.6 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months.

Redundancy. 36.1 34.1 The Employer will utilise XXXX to meet all of the liabilities for Redundancy payments and further to ensure that an amount equal to the credit balance of the Employee's account in the Employee's Redundancy fund is paid to the Employee when the Employee is entitled to that payment pursuant to the terms of the Employee's Redundancy fund. 36.2 For projects where the Total Cost of Work is $50m or greater, the 34.2 The Employer will contribute on behalf of each Employee the following minimum weekly amount listed below for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.3 For projects where the Total Cost of Work is less than $50m, the Employer will contribute on behalf of each Employee the following minimum weekly amount for redundancy: 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 1 July 2023 1 January 2024 1 January 2025 1 January 2026 1 January 2027 36.4 Where an employee has worked on multiple sites during the week, the higher contributions for XXXX and BEWT outlined above will apply, provided the employee has worked any of the week on a project where the Total Cost of Work is $50m or greater. 36.5 34.3 Apprentice / Trainee contributions shall be calculated using the following percentage of the trade rate: Stage 4 4-year Apprentice 3 3-year Apprentice 36.6 1st 50% 50% 2nd 60% 70% 3rd 75% 90% 34.4 Contributions will continue to be paid on behalf of an Employee during any absence on paid leave such as annual leave, long service leave (including leave paid for by QLeave or NTBuild), public holidays, sick leave and bereavement leave. The Employer shall also be required to make contributions while an Employee is absent from work and is claiming Workers' Compensation for a maximum period of 12 months. 34.5 Where the Employee's balance in the Employee's Redundancy fund reaches $20,000.00 or an amount that equals 10 weeks' wages, the Employee will have the option to continue to have contributions paid to their Redundancy fund or redirected to BUSSQ. It is the Employee's option only. Where an employee exercises (or has exercised) this option, his or her Redundancy entitlement will be deemed met for all current and future entitlements arising from the current employment engagement. 34.6 Contributions to the Employee's Redundancy fund must be made, at a minimum, monthly, by no later than the 15th of the following month. Details of the Employer's contribution for each month including when contribution was made and for how much, are to be shown on the Employee's wage statement by the end of the second week of each subsequent month. Late payments shall attract a penalty of 10% of the total amount due, unless there is a reasonable explanation that is acceptable to the parties of this agreement.