Assistance for Employees

Are you the employee of a business facing financial difficulties and need assistance?

Signs that may indicate your employer is in financial trouble include:

• late payment of wages
• unpaid wages
• unpaid superannuation.

What should you do if your employer is in financial trouble?

First, you should raise your concerns with your employer.

Second, you should seek professional advice, so you can become informed of your options.

What is the Fair Entitlements Guarantee (FEG)?

Employees who are owed employee entitlements after losing their job because their employer went bankrupt or into liquidation may be able to get help from the Australian Government, through the General Employee Entitlements and Redundancy Scheme (GEERS) (if their employer went bankrupt or into liquidation before 5 December 2012) or the Fair Entitlements Guarantee (FEG) (if their employee went bankrupt or entered liquidation on or after 5 December 2012).

At David Clout & Associates, we are experienced in administering payouts to employees under both the GEERS and the FEG.

Do you need more information?

• Liquidation: a guide for employees (ASIC: Information Sheet 46)
• Receivership: a guide for employees (ASIC: Information Sheet 55)
• Voluntary administration: a guide for employees (ASIC: Information Sheet 75)
• Fair Entitlements Guarantee (FEG)
• General Employee Entitlements and Redundancy Scheme (GEERS)