REFORM OF THE PERSONAL LIABILITY OF DIRECTORS FOR UNPAID EMPLOYEE ENTITLEMENTS

Grant number: DP1092474 | Funding period: 2010 - 2016

Completed

Abstract

The financing of business and the provision of labour services to the corporate sector are central to the nation's economic health. Loss of employment, employee entitlements and the fallout of business collapse impact on every aspect of social and economic life. The ability of employees to recover lost entitlements has emerged as an issue critical to a sustainable, efficient and equitable economy. Presently, the burden of compensating unpaid employee entitlements is carried by the taxpayer through the General Employment Entitlements and Redundancy Scheme. Director liability provisions which make placing failing companies into voluntary administration an attractive option could relieve that b..

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University of Melbourne Researchers