Commonwealth Numbered Acts

COMPANIES AND SECURITIES LEGISLATION (MISCELLANEOUS AMENDMENTS) ACT 1985 No. 192 of 1985 - SECT 106

106. Section 443 of the Principal Act is amended -

   (a)  by inserting in sub-section (2) ", or any entitlement to a
        retrenchment
amount in respect of employment" after "absence";

   (b)  by omitting from sub-section (3) "becomes due" and substituting ", or
        a retrenchment amount, becomes payable";

   (c)  by inserting in sub-section (4) ", or to any retrenchment amount in
respect of employment by the company," after "extended leave";

   (d)  by omitting from paragraph (4) (b) "to be an amount referred to in
        paragraph 441 (g)" and substituting ", for the purposes of
        section 441, to be an amount referred to in paragraph 441 (1) (g), or
        a retrenchment payment payable to the person, as the case may be"; and

   (e)  by adding at the end the following sub-section:

"(5) In this section, 'retrenchment amount', in relation to employment of a
person, means an amount payable to the person, by virtue of an industrial
instrument, in respect of termination of the employment.".