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Click ‘Get Form’ to open the acirt withdrawal form in the editor.
Begin with Section 1, where you will select your payment type. Choose either 'Full payment' or 'Part Payment' by ticking the appropriate box.
In Section 2, indicate your preferred payment method. You can choose to be paid by cheque, directly into your bank account, or rolled over to a Redundancy Fund. Make sure to complete the relevant sections based on your choice.
Proceed to Section 3 and fill in your Member Claim Information. This includes your ACIRT Number, Date of Birth, Telephone Number, Member Name, and address details. Ensure all information is accurate.
In Section 4, provide your Tax File Number. If you cannot provide it, authorize the administrator to obtain it from your last employer.
Complete Section 5 with your bank details if you opted for direct deposit. Include a copy of your bank statement or a pre-printed deposit slip as required.
If applicable, fill out Section 6 for Rollover Fund Details and ensure all necessary documentation is attached before submission.
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What is ACIRT? Since 1994, weve helped workers access their redundancy funds when jobs endwith security, simplicity and trust. Your employer contributes monthly to your ACIRT accountand if youre made redundant, you can claim those funds to help you through the transition.
Is ACIRT tax free in Australia?
Redundancy payments made to ACIRT members after 12 months from their termination date are not ETPs and are taxed as directed by the Australian Taxation Office. They are assessed as ordinary assessable income taxed at ordinary marginal rates.
Who owns ACIRT?
ACIRT is a trust. The operations of ACIRT are governed by a trust deed. The trustee of ACIRT is a company called ACIRT Pty Limited which has a Board of Directors made up of equal trade union and employer organisation representation.
Is ACIRT free to use?
Simply download the free ACIRT app from the Apple or Android stores, set it up, then youre right to go.
What does ACIRT do?
ACIRT stands for the Australian Construction Industry Redundancy Trust. It was established in 1994 to create a safety net for workers redundancy entitlements in the construction industry (for workers who lose their jobs).
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When can I claim my funds? A member can claim his/her total benefits upon discontinuation of employment. A member can claim a Productivity Payment if contributions have been paid into the fund prior to 1/7/1999.
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