News Swans Talk in the Media 2019

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Kapanis

Premiership Player
Jul 26, 2015
3,081
3,732
Noosa
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They’ll be lucky to see it. Workers first...and they’ll be lucky to see it! Arseholes structure themselves to avoid liability and set themselves up down the track under a different name. It’s called bankruptcy!
It's actually the banks first, creditors and then employees. If there's nothing left the govt ( ie our taxes) steps in to pay the employees but the poor buggers have to wait to get their entitlements and also have restrictions on gaining employment with someone else through the process. Has happened a lot in my industry over the last five years unfortunately.
 

Mick Oxlong

Norm Smith Medallist
Oct 27, 2007
9,633
10,621
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It's actually the banks first, creditors and then employees. If there's nothing left the govt ( ie our taxes) steps in to pay the employees but the poor buggers have to wait to get their entitlements and also have restrictions on gaining employment with someone else through the process. Has happened a lot in my industry over the last five years unfortunately.
Only if they have a bank loan Kap. My assumption was no loan and Vic is definitely workers (Premier Dan Andrews brought this in) but you may well be correct in NSW.
 

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Kapanis

Premiership Player
Jul 26, 2015
3,081
3,732
Noosa
AFL Club
Sydney
Only if they have a bank loan Kap. My assumption was no loan and Vic is definitely workers (Premier Dan Andrews brought this in) but you may well be correct in NSW.
Maybe changes from state to state but the employee backup is from the federal govt as the last step, depends if your on a state or federal award. I've got guys working for me who have been through this in the last few years.
 

The King!

Chosen One
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Ticky009

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