FEG Recovery Program (Fair Entitlements Guarantee)
Government Administration
Canberra, Australian Capital Territory, Au
31 employees
- Employees
- 31
FEG Recovery Program (Fair Entitlements Guarantee) Overview
- Headquarters
- Canberra, Australian Capital Territory, Au
- Website
- www.dewr.gov.au
- Industry
- Government Administration
- Employees
- 31
- Funding
- ,
- NAICS
-
Public AdministrationJustice, Public Order, and Safety ActivitiesSpace Research and Technology
Keywords
About FEG Recovery Program (Fair Entitlements Guarantee)
The FEG Recovery Program is administered by the Department of Employment and Workplace Relations with the purpose of funding actions that will recover amounts advanced under Fair Entitlements Guarantee Scheme. As of 1 July 2024, the FEG Recovery Program is being recalibrated to also actively pursue unpaid superannuation guarantee charge (SGC) amounts owed by employers who have entered liquidation or bankruptcy where certain criteria are met. The FEG Recovery Program’s key areas are FEG Active Creditor and FEG Recovery Funding. The FEG Recovery Program is also actively engaged in law reform and policy development. Through the FEG Active Creditor area of the FEG Recovery Program, the department is an informed and engaged creditor. The FEG Active Creditor area aims to increase returns to the Commonwealth by positively influencing outcomes in liquidations. It also seeks to prevent or minimise unnecessary FEG claims being made via early intervention and active monitoring of insolvencies. In the FEG Recovery Funding area, funding is available to liquidators to enable recovery efforts, including legal proceedings, which the liquidators do not otherwise have the financial resources to pursue. Liquidators of insolvent entities where employee entitlements have been paid under FEG can apply for funding assistance where claims could be bought against third parties to recover value for creditors. The department funds a variety of actions, including investigations, applications for directions, and various commercial recovery proceedings. The purpose of this page is to share updates, court decisions, articles and other information with stakeholders of Australia’s insolvency industry and more broadly about the work of the FEG Recovery Program. The Department of Employment and Workplace Relations Social Media Moderation Guidelines apply to this LinkedIn Page. The Moderation Guidelines can be accessed here: https://www.dewr.gov.au/using-site/social-media
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