Fair Entitlements Guarantee
The Fair Entitlements Guarantee (FEG) is a government program providing financial assistance to employees who lose their jobs due to their employer's bankruptcy or liquidation. It covers specific unpaid employee entitlements.
The Fair Entitlements Guarantee (FEG) steps in to help employees who find themselves out of a job and unpaid because their employer has gone bust or been liquidated. It's like a safety net, ensuring they receive certain owed payments, like outstanding wages, annual leave, and redundancy pay. This support is crucial in helping workers financially during such unexpected and difficult times.
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