National Worker Entitlement Fund
The Australian Construction Industry Redundancy Trust (ACIRT) is a national fund supported by the
major employer organisations and unions
who cover the Building, Civil, Mechanical, Metal and Engineering construction industry.
provides for contribution flexibility as it allows employers to pay the minimum contribution of $25.00 per week for their employees until the award redundancy entitlement is funded, or they can make higher contributions at the rate specified in an Industrial Instrument.
Employers should be aware that they could be required to make higher weekly ACIRT contributions than those specified in their Deed of Adherence because it is a condition required as a result of contractual obligations.