Local member confident 150 miners will get what they’re owed.
Wednesday 28 June 2017
Member for Flynn Ken O’Dowd says he is confident that the roughly 150 miners who have been made redundant by the administrators of Caledon at the Cook Colliery will get the money owed to them.
“Once the administration process has been concluded I am confident that all the employees affected will be paid their entitlements,” he told the ABC.
“If that is not the case, then I am told by the Minister for Regional Development Fiona Nash there is money set aside in the Fair Entitlements Guarantee (FEG) for this very problem.”
The Australian Government provides financial assistance through the FEG as a last resort to cover employment entitlements for eligible employees who lose their job due to the liquidation or bankruptcy of their employer.
Typically the FEG will cover unpaid wages (up to 13 weeks), unpaid annual leave and long service leave, payment in Lieu of notice, and redundancy of four weeks per year of service.
Cook Colliery - Queensland’s oldest underground mine - was flooded on the 7th March from an unknown source.
However, with 85% of Caledon’s productive coal areas flooded, the mine was put into voluntary administration.
Grant Sparks, Stephen Longley and Martin Ford of PPB Advisory have been appointed Administrators.
There has been no announcement about whether Caledon will go into liquidation or emerge from administration as a new entity.