Senate blocks capped redundancy pay bill

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Senate blocks capped redundancy pay bill

The Senate has blocked the Fair Entitlements Guarantee Amendment Bill 2014.

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The Senate has blocked the Fair Entitlements Guarantee Amendment Bill 2014.

Labor, the Greens, independent senators Nick Xenophon and John Madigan, and senators from the Palmer United and Motoring Enthusiasts parties combined to defeat the government's proposal.

This legislation is designed to cap payouts from the Fair Entitlements Guarantee (FEG) – ie to reduce redundancy payouts to employees of bankrupt companies under the Fair Entitlements Guarantee (FEG) scheme.

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