25 September 2024
From 30 September 2024 the maximum priority amount for preferential payments to employee creditors in a liquidation will increase.
From 30 September 2024, the maximum priority amount for preferential payments to employee creditors in a liquidation will increase from $25,480 to $31,820.
Please click here to see the Companies (Maximum Priority Amount) Order 2024, which adjusts Schedule 7 of the Companies Act 1993.