What is the Fair Entitlement Guarantee scheme?

Posted On: 26th March 2021
What is the Fair Entitlement Guarantee scheme?

The Fair Entitlements Guarantee (“FEG”) is a scheme introduced by the Australian Government for employees who have lost their job due to their employer being either declared bankrupt or placed into liquidation. In circumstances where the insolvent employer is unable to meet outstanding entitlements owing (excluding superannuation), the FEG scheme will act as a safety net for these employees and will pay these entitlements in accordance with the Fair Entitlements Guarantee Act 2012 (FEG Act).

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Posted By: BTG Global Advisory

Posted On: 26th March 2021

BTG Global Advisory is one of the world’s largest specialist independent financial advisory alliances.