Redundancy after 1 year
After 1 year of service, the NES minimum redundancy pay is 4 weeks of base pay, plus 2 weeks notice.
Redundancy
4 weeks
Notice
2 weeks
Combined
6 weeks
Payout at Different Salaries
$60,000 salary$4,616 redundancy + $2,308 notice = $6,924
$80,000 salary$6,152 redundancy + $3,076 notice = $9,228
$100,000 salary$7,692 redundancy + $3,846 notice = $11,538
$120,000 salary$9,232 redundancy + $4,616 notice = $13,848
Years of Service1 year
Redundancy Pay4 weeks
Notice Period2 weeks
Over 45? (+1 week notice)3 weeks notice
Small Business (<15 staff)No redundancy owed