Introduction
The ACTU welcomes the opportunity to make a submission to this inquiry of the Parliamentary Joint Committee on Corporations and Financial Services because working Australians, their families and the wider community have a vital interest in the long-term viability and sustainability of well-governed and competently managed businesses (however they are structured) that provide secure, well-paid jobs.
When businesses fail and enter formal insolvency direct and indirect employees (labour-hire, dependent contractors) risk losing and/or having delayed access to entitlements, are exposed to financial hardship and stress precipitated by sudden job loss, involved in protracted wind-ups and then being permanently detached from the…
