PROTECTION OF EMPLOYEE ENTITLEMENTS. Long Service Leave
PROTECTION OF EMPLOYEE ENTITLEMENTS. The Laminex Group (the Company) acknowledges the concerns of employees regarding the protection and preservation of accrued employee entitlements and fully supports the Federal Government’s on-going maintenance and enhancement of the General Employee Entitlements and Redundancy Scheme (XXXXX). The Company is a part of a publicly listed corporation that is required by law to publish an audited annual report, which outlines its financial position, including accruals for employee’s statutory entitlements. The Company and its Directors are fully aware of the legal requirements imposed by the Corporations Act and the severe penalties that apply for any breach of the provisions of that Act. The Company has and will continue to ensure that it makes sufficient provision to meet its obligations regarding accrued employee entitlements. In all previous instances where the Company has implemented business closures and/or retrenchments, the Company has without exception, ensured that all employees receive 100% of their accrued entitlements In the event of the closure and/or sale of part or all of the company’s Cheltenham Plant, the Company will guarantee that it has sufficient provision to cover and pay all relevant employee entitlements. As part of ensuring that employees remain informed of the Company’s financial position, the Company commits to the on-going provision of summarised financial performance information relevant to the company as a whole (in line with the reporting requirements of both the Australian and New Zealand Stock Exchanges) including information relating to accruals for employee entitlements, via twice a year meetings with the employees.
PROTECTION OF EMPLOYEE ENTITLEMENTS. The Company accounts to date have demonstrated financial strength, as stated for the public record in the Company’s annual report. The Company will continue to provide in its accounts for the accrued benefits of all employees that it has a present obligation to pay so that employee entitlements can be paid when those entitlements fall due. Accrued benefits will be based on wage rates at the time entitlements are payable.
PROTECTION OF EMPLOYEE ENTITLEMENTS. 42.1 The company will provide an auditors report annually to certify the company’s ability to meet its financial liabilities to employees with respect to their accumulated entitlements. This report shall be provided in conjunction with the annual financial audit of the business. The auditors report will verify:
PROTECTION OF EMPLOYEE ENTITLEMENTS. The Company will continue to provide in its accounts for the accrued benefits of all Employees that it has a present obligation to pay so that Employee entitlements can be paid when those entitlements fall due. Accrued benefits will be based on wage rates at the time entitlements are payable.
PROTECTION OF EMPLOYEE ENTITLEMENTS. 27.1 It is agreed that in the event that a transmission of business is to occur, the company will meet with the employees before the transmission takes effect to discuss likely the effects of the transmission on the employees, measures to avert or mitigate the adverse affects of the transmission and the protection of employees’ accrued annual leave entitlements. The company shall give prompt consideration to matters raised by the employees.
PROTECTION OF EMPLOYEE ENTITLEMENTS. The Laminex Group acknowledges the concerns of employees regarding the protection and preservation of accrued employee entitlements and fully supports the Federal Governments on-going maintenance and enhancement of the General Employee Entitlements and Redundancy Scheme (XXXXX) The Company is a part of a publicly listed corporation that is required by law to publish an audited annual report, which outlines its financial position, including accruals for employees' statutory entitlements. The Company and its directors will continue to ensure that it makes sufficient provision to meet its obligations regarding accrued employee entitlements. In all previous instances where the Company has implemented business closures and/or retrenchments, the Company has without exception, ensured that all employees receive 100% of their accrued entitlements. In the event of the closure and or the sale of part or all of the Company’s Plant, the Company guarantees that it has sufficient provision to cover and pay all relevant employee entitlements. As a part of ensuring that employees remain informed of the Company’s financial position, the Company commits to the on-going provision of summarized financial performance information relevant to the Company as a whole ( in line with the reporting requirements of both the Australian and New Zealand Stock Exchanges), via meetings with the Employee Consultative Committee.
PROTECTION OF EMPLOYEE ENTITLEMENTS. 29.1 The Company is aware of and understands that employees have some concerns regarding the security of their entitlements.
PROTECTION OF EMPLOYEE ENTITLEMENTS. Carl Zeiss Vision Australia Holdings Ltd has an ongoing commitment to pay staff their full entitlements at termination. This commitment has always been honoured at a local level, and also internationally. Xxxx Zeiss Vision Australia Holdings Ltd is part of the global Carl Zeiss Vision group of companies, and the Xxxx Zeiss Vision Australia Holdings Ltd has the capacity to meet all local termination entitlements. The Employer understands the need for employees to ensure their entitlements are protected. Carl Zeiss Vision Australia Holdings Ltd will commit to keeping this issue under review and consider options that are agreed within the community.
PROTECTION OF EMPLOYEE ENTITLEMENTS. 22.1 The employer will ensure that, at any time, there are sufficient funds available to cover the following employee entitlements for all employees: • Annual leave (including 17.5% loading) • Long service leave • Redundancy • Notice of termination
