Incolink administers two approved worker redundancy funds:
- Fund Number 1: For Building Construction/Contracting Industry workers.
- Fund Number 2: For Metal Construction/Contracting, Engineering Construction/Contracting and Labour Hire Industries.
How Incolink works
Employers make monthly redundancy contribution payments to Incolink on behalf of their workers. The payments are made monthly in arrears and are dependent on the number of weeks worked on a commercial construction site, during the monthly invoice period. The funds created by these contributions provide redundancy payments and a range of other benefits and services to construction industry workers. The amount employers contribute for workers is set down in an Industrial Instrument and the Fund Trust Deed.
For more information on contributions refer to the Employer Checklist.