The WA Construction Industry Redundancy Fund has been operating for 15 years. It provides a financial facility into which employers may deposit employee redundancy entitlements, thus giving building workers the confidence in knowing that their entitlements are secure
In 2003 the Federal Government introduced legislation confirming an ATO view that employers were required to pay FBT on redundancy contributions. At the 11th hour the Federal Government announced a moratorium was going to apply to this new law until 1st April 2004 .