Common use of Redundancy Clause in Contracts

Redundancy. This clause does not apply to an Apprentice Redundancy protection 22.1.1 The employer shall enrol all employees in a Redundancy Protection Scheme. 22.1.2 The Incolink Redundancy Protection Scheme or a similar scheme providing equivalent benefits or better benefits shall be taken as agreed to by the majority of employees and the employer for the purpose of this Clause. The benefits to be provided to the employees shall be the equivalent to the benefits provided by the Incolink Redundancy Protection Scheme. From 1 March 2024, the employer will contribute $160.00 per week per employee for the Redundancy Protection Scheme. 22.1.3 The amount prescribed in Clause 22.1.2, shall be adjusted on a yearly basis. The adjustment shall be based on the CPI (All Groups, Melbourne) for the preceding period July to June in each year. The increases shall take effect from the first pay period on or after 1 October 2024, 1 October 2025, 1 October 2026 and 1 October 2027.