IMPORTANT UPDATE:
GENUINE REDUNDANCIES TAX FREE* FROM FEBRUARY
We’re changing the way we tax benefits.
Most claims will now be tax free.
IMPORTANT UPDATE:
GENUINE REDUNDANCIES TAX FREE* FROM FEBRUARY
We’re changing the way we tax benefits.
Most claims will now be tax free.
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What is ACIRT?
ACIRT stands for the Australian Construction Industry Redundancy Trust. It was established in 1994 to create a safety net for workers redundancy entitlements in the construction industry (for workers who lose their jobs). For every week of service employees earn an amount of redundancy money, employers are required to pay that money into an employee’s ACIRT account at the end of each month as agreed under various industrial awards and enterprise agreements. Then if a member is made redundant, a member can make a claim from their ACIRT account. Put simply, we’re there for you when times are tough.