Essential Skills: Insolvency

Employee entitlements

The treatment of employee issues in corporate insolvency is a complex area carrying high reputational risk if they are not managed efficiently.

This course looks at the complex area of determining and calculating employee entitlements, determining priority entitlements, correctly taxing payments to employees and determining a net distribution to employees.

Learning objectives 

 At the end of this course you will be able to:

• Determine and calculate employee entitlements.
• Understand Fair Entitlements Guarantee (FEG) eligibility and process.
• Apply priority rules for entitlements.
• Analyse tax-free limits, tax rates and PAYG requirements for entitlements.
• Calculate a net distribution to employees.

Who should attend?

• Junior insolvency practitioners who want to build their knowledge of insolvency.
• Senior insolvency practitioners who want to expand or refresh their knowledge of this topic, particularly the changes under the Insolvency Law Reform Act.
• Lawyers who want to understand this area of insolvency.

Prerequisites

We recommend you complete the Introduction to Insolvency Program, or have one year of on-the-job experience prior to attending this course.

Course format

A two-hour presentation covering the theory, plus at least one practical exercise to ensure understanding of the issues.

Cost

CPE

Other courses addressing employee entitlements

Creditor claims & distributions

• Notice requirements for distributions
• Full waterfall calculations of priority claims including detailed guidance on circulating assets available for priority

Financial data for insolvency appointments

• Full waterfall calculations of priority claims including detailed guidance on circulating assets available for priority

Tax issues

• Taxation reporting for payments to employees