Redundancy occurs where the employer no longer requires that a worker’s job be done by anyone, or the employer becomes bankrupt or insolvent.
If you are made redundant you should receive severance pay in addition to notice, as well as any accrued leave you have.
However if at the time of being made redundant your employer employed fewer than 15 workers in permanent or ongoing regular work, then you are not entitled to severance pay.
While awards and agreements may allow for higher rates of severance pay, the following are the minimum rates of severance required under the new laws.
Employee's period of contiNuous service
At least 1 year but less than 2 years
At least 2 years but less than 3 years
At least 3 years but less than 4 years
At least 4 years but less than 5 years
At least 5 years but less than 6 years
At least 6 years but less than 7 years
At least 7 years but less than 8 years
At least 8 years but less than 9 years
At least 9 years but less than 10 years
At least 10 years
Redundancies must be genuine. The job that you were doing must genuinely no longer be required to be done by anyone. Where a redundancy is genuine you can’t claim for unfair dismissal or unlawful termination.