Ai Group has not requested the government extend the program in its present form and has instead suggested industries and businesses directly affected by the pandemic are given extra support including restructuring and business advice.
Many businesses linked to inbound tourism, international students, entertainment venues, and passenger transport among others continue to struggle and, in the absence of new measures will face a heightened risk of retrenchments, insolvency from late March when JobKeeper comes to an end, it says.
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Even with extended support the government may face a steep bill to cover workers unpaid entitlements from the collapse of even one large business, the group says.
The Fair Entitlements Guarantee safety net…
Read the full article at: https://www.brisbanetimes.com.au/politics/federal/limit-generous-redundancy-payouts-or-nation-will-face-steep-bill-employer-group-20210207-p570bh.html