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The costs and expenses incurred by the creditor who asked the court to declare the bankruptcy are paid second. Wages, salaries, holiday pay, redundancy, and payments ordered by the Employment Relations Authority or Employment Court, owed to employees are paid third. An employee can only receive a maximum of $15,000.
The Fair Pay Agreements Act 2022, now repealed, was an act of parliament in New Zealand. The act facilitated a framework for collective bargaining for fair pay agreements at an industry-wide level. [ 1 ]
New Zealand has an accident compensation scheme known as Accident Compensation Corporation (ACC) that covers lost income resulting from accidents. Income Protection Insurance can be used in addition to ACC as ACC may not fully replace the income and offers no support for illnesses.
Notable for being the first ever New Zealand government to have three parties in cabinet. A further five National MPs would sit outside of Cabinet, along with two ACT MPs and one NZ First MP. [282] [283] In a first for New Zealand, the Deputy Prime Minister role will be split for the term, with Winston Peters holding the office until 31 May 2025.
A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
New Zealand also has 11 annual public holidays and an employee is entitled to these days off work on pay, if they are days when the employee would normally work. [18] Where an employee does work a public holiday, the employee must be paid at least time-and-a-half for the time worked and is also entitled to an alternative paid holiday.
Unemployment benefit in Ireland can be claimed indefinitely for as long as the individual remains unemployed. The standard payment is €203 per week for those aged 26 and over. For those aged 18 to 24 the rate is €112.70 per week. For those aged 25 the weekly rate is €157.80. Payments can be increased if the unemployed has dependents.
The New Zealand Productivity Commission Act, passed in December 2010, created the commission as an independent Crown entity. It was established as a condition of the ACT Party supporting the National Party government on confidence and supply, with Minister of Finance Bill English describing it as working "closely with and be closely modelled on" the Australian Productivity Commission.