Redundancy after 2 years
After 2 years of service, the NES minimum redundancy pay is 6 weeks of base pay, plus 2 weeks notice.
Redundancy
6 weeks
Notice
2 weeks
Combined
8 weeks
Payout at Different Salaries
$60,000 salary$6,924 redundancy + $2,308 notice = $9,232
$80,000 salary$9,228 redundancy + $3,076 notice = $12,304
$100,000 salary$11,538 redundancy + $3,846 notice = $15,384
$120,000 salary$13,848 redundancy + $4,616 notice = $18,464
Years of Service2 years
Redundancy Pay6 weeks
Notice Period2 weeks
Over 45? (+1 week notice)3 weeks notice
Small Business (<15 staff)No redundancy owed