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Genuine redundancy incolink

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The document is an application form for Incolink members to transfer their Severance Account to a Genuine Redundancy Account (GRA). It outlines the benefits of the GRA, including maximizing redundancy payments, and details important Australian Taxation Office (ATO) terms and conditions. The form requires personal information from the applicant and includes a warning about the irrevocability of the application after a 14-day cooling-off period. Additionally, it emphasizes the need for independent advice before applying and provides guidelines on eligibility and tax implications related to genuine redundancy claims.

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Who is the owner of Incolink?

Incolink CEO Erik Locke | Incolink.

How old is Incolink?

At Incolink, weve been the financial, health and wellbeing safety net for the construction industry for over 30 years.

What is the concept of Incolink?

Incolink is the safety net for the building and construction industry, keeping workers entitlements safe for when they need them most.

Can you withdraw Incolink?

All members can access all of their funds in a timely manner. Eligible workers can claim an initial payment of $8,000 or the balance of funds in your account (whichever is lower). As long as funds remain in your Incolink account, you can access the balance of funds in your account, 28 days after the initial claim.

Do I have to pay Incolink?

Under the terms of membership, contributions must be paid to all eligible workers. Eligible workers are those who are currently working on a commercial building or construction site in New South Wales, Victoria, South Australia, or Tasmania where an Industrial Instrument applies.

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Who gets Incolink?

Eligible workers are those who are currently working on a commercial building or construction site in Victoria, South Australia, or Tasmania where an Industrial Instrument applies.