Business News

When companies go bust, temporary visa holders miss out and that's wrong

Written by Kevin Davis, Professor of Finance, University of Melbourne

Shutterstock/Toa55

The exclusion of temporary visa workers from reimbursement under Australia’s Fair Entitlements Guarantee (FEG) scheme for lost wages and entitlements (annual leave etc) owed to them when their employer collapses is not just unfair.

It is inconsistent with other important government guarantee schemes, such as the Financial...

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