FEG advances funds to eligible employees who lose their job through insolvency of their employer on account of the employees’ unpaid employment entitlements. Once entitlements are paid under FEG, the Commonwealth stands in the shoes of the employee as a subrogated creditor and is entitled to claim in the liquidation as a priority creditor over other unsecured creditors under the Corporations Act 2001 (Cth).
Under the FEG Recovery Program, funding is available to liquidators to enable recovery efforts, including legal proceedings, which the liquidators would not otherwise have the financial resources to pursue.
- Creation Date
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- Stream
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Workplace Relations
- Creator
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Department of Employment and Workplace Relations
- Publisher
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Department of Employment and Workplace Relations
- Publication Category
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Departmental document
- Language
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English / Australian English
- Coverage
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Australia
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