The taxpayer is set to wear a heftier price tag from failed companies after a landmark ruling on employee entitlements.
In a key Supreme Court of Victoria ruling this week, Justice Ross Robson found the receivers to the company Amerind should not reimburse $3.8 million to the Commonwealth as a priority creditor.
The government will now have to wait alongside other creditors if a company operated by a trust collapses.
Trust hollows out fair entitlement guarantee claims
Under the fair entitlements guarantee, the government picks up the tab for unpaid employee entitlements if a company g…
Read the full article at: http://www.smh.com.au/business/landmark-ruling-on-collapsed-company-a-blow-for-taxpayers-20170324-gv5o7p.html
