Redundancy Benefits

Incolink is a joint venture between building and construction industry unions and employers to provide redundancy payments to unemployed industry workers through two approved redundancy funds:
 
 

• Fund Number 1 – for Building Construction/Contracting industry workers.
• Fund Number 2 – for Metal Construction/Contracting, Engineering Construction/Contracting and Labour Hire Industry workers.

Employers pay contributions to Incolink on behalf of their employees each week they are on-site to provide a safety net for the employees should they become unemployed.

In addition, 66 cents out of each contribution is an Apprentice Levy, providing eligible former apprentices with a benefit based on their period of apprenticeship (during which no actual contributions are made on their behalf). In some cases, it also provides assistance for out-of-trade apprentices.

The funds created by the contributions provide redundancy payments and a range of other benefits and services to construction industry workers. Employer membership is voluntary.

Since its inception in 1989, Incolink has distributed more than $80 million in redundancy benefits to unemployed workers.

 

For Incolink contact details, click here.