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CP 384 Employee redundancy funds

consultation paper – 384

Released 24 June 2025. Comments closed 22 July 2025.

This consultation paper seeks views from operators of employee redundancy funds, employer associations and other interested stakeholders.

We are consulting on the requirements that should apply to employee redundancy funds under the Corporations Act once the transitional relief we have granted expires on 1 April 2026. Specifically, we are seeking feedback on proposed changes to our definition of employee redundancy funds and possible options for the regulation of employee redundancy funds going forward.

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Feedback on CP 384

Released 26 November 2025.

We received 19 submissions. Submissions were generally supportive of increased requirements applying to fund operators.

Summary of feedback to CP 384 and ASIC’s response (PDF 215 KB)

Related links

Submissions

(non-confidential submissions)

    1. ACIRT (PDF 177 KB)
    2. Australian Council of Trade Unions (ACTU) (PDF 273 KB)
    3. Australian Industry Group (Ai Group) (PDF 5.4 MB)
    4. Australian Manufacturing Workers' Union (AMWU) (PDF 266 KB)
    5. Australian Resources and Energy Employer Association (AREEA) (PDF 278 KB)
    6. BERT Fund Ltd (PDF 297 KB)
    7. Building Industry Redundancy Scheme Trust (BIRST) (PDF 423 KB)
    8. Contracting Industry Redundancy Trust (CIRT) (PDF 169 KB)
    9. Incolink (PDF 204 KB)
    10. Master Builders Australia (PDF 1.2 MB)
    11. MATES in Construction (MATES) (PDF 190 KB)
    12. Mechanical and Electrical Redundancy Trust (MERT) (PDF 103 KB)
    13. National Electrical and Communications Association (NECA) (PDF 211 KB)
    14. NEST Nominees Pty Ltd (PDF 168 KB)
    15. Plumbing and Pipe Trades Entitlement Fund (PPTEF) (PDF 244 KB)
    16. Protect (PDF 1.2 MB)
    17. SA Portable Long Service Leave (PDF 270 KB)