Employee Entitlement Trusts:

Good corporate accountability and governance are predominate issues in today’s business environment. A number of high profile company collapses have brought uncertainty to many workers about the level of protection provided by organisations with regards to their owed entitlements.

Unlike other debts, these funds accrue over time and are not payable until an employment contract is terminated in situations such as company collapse or retirement. Organisations can continue to trade well beyond the point of time when these funds are sufficiently covered.

• How does your organisation fare - are the entitlements currently secured?
• Would the interests of your staff and stakeholders be met?
• Are these liabilities noted within your financial statements?
• Has your business planned for the retirement of an ageing workforce; if not, how is this going to be managed?
• The Public Trustee, through its Employee Entitlements Trusts, works with organisations to ensure that your employees’ entitlements, such as long service leave and holiday pay, are properly protected.

We have extensive systems in place to manage and continuously update workers’ entitlement details, ensuring they are covered by bank guarantees or funds. The Public Trustee is fully independent from both Unions and employers, satisfying the Fringe Benefits Tax Act requirement of independence. Funds placed with the Public Trustee earn a competitive interest rate and are also government guaranteed, providing total security for business and employees.

Employees with entitlements held with Public Trustee NSW can be assured that their organisation is responsibly managing their future needs and obligations.

 Employee Entitlement Trusts Brochure

For further information please contact John Hong at Public Trustee NSW on 1300 553 731 or  corporateservices@pt.nsw.gov.au