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Are employees entitled to more?

Wise, Victoria and Oliver, Judy 2002, Are employees entitled to more?, Australian CPA, vol. 72, no. 7, pp. 67-69.

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Title Are employees entitled to more?
Author(s) Wise, Victoria
Oliver, Judy
Journal name Australian CPA
Volume number 72
Issue number 7
Start page 67
End page 69
Publisher Hardie Grant
Place of publication Prahran, Vic.
Publication date 2002
ISSN 1440-8880
Summary George Lopez, chair of CPA Australia's insolvency and reconstruction committee reported in Australian CPA (November 2001) on the replacement of the Commonwealth Government Employee Entitlements Support Scheme (EESS) with a new scheme, the General Employee Entitlements Redundancy Scheme (GEERS). Both schemes provide a safety net by which government pays employees their service entitlements and then takes the employees' place in claims against the insolvent employer organisation. Such schemes are fundamentally inequitable as ultimately they require taxpayers and shareholders to foot the bill for the mistakes, excesses, misdemeanours or incompetence of employers. Similar arrangements have been proposed in the past. For instance, the Australian Law Reform Commission's Harmer Report (1988) contained a recommendation that a wage earner (fidelity-type) protection fund be established. In the state of Victoria, local government legislation already exists to ensure that long service leave entitlements are funded.
Notes Reproduced with the kind permission of the copyright owner.
Language eng
Field of Research 140211 Labour Economics
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2002, Hardie Grant
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024483

Document type: Journal Article
Collections: Deakin Graduate School of Business
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