Redundancy after 3 years
After 3 years of service, the NES minimum redundancy pay is 7 weeks of base pay, plus 3 weeks notice.
Redundancy
7 weeks
Notice
3 weeks
Combined
10 weeks
Payout at Different Salaries
$60,000 salary$8,078 redundancy + $3,462 notice = $11,540
$80,000 salary$10,766 redundancy + $4,614 notice = $15,380
$100,000 salary$13,461 redundancy + $5,769 notice = $19,230
$120,000 salary$16,156 redundancy + $6,924 notice = $23,080
Years of Service3 years
Redundancy Pay7 weeks
Notice Period3 weeks
Over 45? (+1 week notice)4 weeks notice
Small Business (<15 staff)No redundancy owed