Corporations Amendment (Strengthening Protections for Employee Entitlements) Act 2019 (44 of 2019)

Schedule 1   Amendments

Part 1   Employee entitlements

Corporations Act 2001

4   Subsection 596AA(1)

Repeal the subsection, substitute:

Objects

(1) The objects of this Part are to:

(a) deter avoidance of the payment of the entitlements of employees; and

(b) protect the entitlements of a company's employees from agreements, arrangements and transactions that avoid or prevent the recovery of those entitlements, or significantly reduce the amount of those entitlements that can be recovered, in the winding up of the company.