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Employee Entitilements

Discussion in 'Accounting, Tax & Legal' started by voxejice, 17th Nov, 2009.

  1. voxejice

    voxejice New Member

    Joined:
    17th Nov, 2009
    Posts:
    2
    Location:
    Gold Coast, Australian
    Quick Question for the board.

    Say there is a Family trust with a Company as Trustee. That company goes into administration, employees lose their entitlements. However the PAYG for those employees were been paid by "Trading Name" which was owned directly by the Trust.

    Does that mean the Trust owes the entitlements, or have they gone down with the company.

    Hope that explains well.
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    So you have Company_Name Pty Ltd as trustee for Trust_Name trading as Trading_Name ?

    Or do you have Company_Name Pty Ltd trading as Trading_Name ?

    Was it the company which owned the business, or the trust which owned the business ?
     
  3. voxejice

    voxejice New Member

    Joined:
    17th Nov, 2009
    Posts:
    2
    Location:
    Gold Coast, Australian
    We have Company_Name trading as Trading_Name ATF "Trust"

    However the PAYG was always paid under the Trading_Name with the Trusts ABN

    Confused?