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Beazley Announces Policy On Employee Entitlements And Superannuation

In the aftermath of the corporate collapses of HIH, OneTel and Ansett, the Opposition Leader, Kim Beazley, has announced a policy to protect employee entitlements.

BeazleyThe plan involves “a small contribution of around 0.1 per cent of payroll from large companies, applied to a comprehensive national insurance scheme for all workers entitlements.”

Beazley says Labor will also amend the Corporations Act “to ensure companies cannot avoid employee entitlements by contrived arrangements such as those used in the infamous Patrick Stevedores case.”

“In addition to the Entitlements Guarantee, Labor will require superannuation payments to be made by employers quarterly rather than annually. Keeping these payments up-to-date will offer far stronger protection of superannuation entitlements than present arrangements. [Read more…]