The Redundancy Agreement is a crucial document in Australian employment law that is utilized when a position is being eliminated due to operational changes, restructuring, or economic conditions. This agreement serves as a comprehensive record of the redundancy arrangement, incorporating mandatory requirements under the Fair Work Act 2009 and relevant state legislation. It is designed to protect both employer and employee interests by clearly documenting the redundancy package, including statutory entitlements, additional benefits, notice periods, and final payments. The agreement also addresses tax implications, ongoing obligations, and includes mutual releases to prevent future disputes. It is particularly important in ensuring compliance with Australian workplace laws and providing clear documentation of the redundancy process for both parties.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identifies the employer and employee who are parties to the redundancy agreement
2. Background: Explains the circumstances leading to the redundancy decision and confirms the genuine nature of the redundancy
3. Definitions: Defines key terms used throughout the agreement including 'Termination Date', 'Redundancy Payment', and other relevant terms
4. Redundancy Payment: Details the total redundancy payment, including the calculation method and payment timing
5. Notice Period: Specifies the notice period or payment in lieu of notice
6. Final Entitlements: Lists all final entitlements including annual leave, long service leave, and other accumulated benefits
7. Tax Treatment: Explains the tax treatment of various payment components
8. Return of Company Property: Requirements and timeline for returning company property
9. Confidentiality: Ongoing confidentiality obligations post-employment
10. Release and Waiver: Mutual release of claims between parties
11. Execution: Formal signing section with witness requirements
1. Outplacement Support: Include when the employer is providing career transition services or outplacement support
2. Reference: Include when specifying arrangements for future employment references
3. Post-Employment Restrictions: Include when maintaining specific non-compete or non-solicitation provisions
4. Health Insurance Continuation: Include when offering extended health benefits coverage
5. Assistance with Handover: Include when requiring specific knowledge transfer or handover arrangements
6. Garden Leave: Include when the employee will be placed on garden leave during the notice period
7. Recognition of Service: Include for long-serving employees to acknowledge their contribution
1. Schedule 1 - Calculation of Payments: Detailed breakdown of all payment components including statutory entitlements, ex-gratia payments, and tax calculations
2. Schedule 2 - Company Property List: Itemized list of company property to be returned
3. Schedule 3 - Deed of Release: Comprehensive release of claims document
4. Appendix A - Statutory Declaration: If required, statutory declaration confirming genuine redundancy circumstances
5. Appendix B - Certificate of Independent Legal Advice: If applicable, confirmation that the employee has received independent legal advice
Relevant legal definitions
Agreement
Accrued Entitlements
Award
Confidential Information
Company
Company Property
Effective Date
Employee
Employer
Employment Contract
Final Pay Date
Garden Leave
Gross Redundancy Payment
Independent Legal Advice
Intellectual Property Rights
Net Redundancy Payment
Notice Period
Outplacement Services
Parties
Previous Service
Release
Redundancy Payment
Statutory Entitlements
Superannuation
Termination Date
Tax Free Component
Taxable Component
Transition Period
Witness
Accrued Entitlements
Award
Confidential Information
Company
Company Property
Effective Date
Employee
Employer
Employment Contract
Final Pay Date
Garden Leave
Gross Redundancy Payment
Independent Legal Advice
Intellectual Property Rights
Net Redundancy Payment
Notice Period
Outplacement Services
Parties
Previous Service
Release
Redundancy Payment
Statutory Entitlements
Superannuation
Termination Date
Tax Free Component
Taxable Component
Transition Period
Witness
Clauses
Termination of Employment
Redundancy Payment
Payment of Entitlements
Notice Period
Tax Treatment
Confidentiality
Return of Property
Release and Waiver
Non-Disparagement
Intellectual Property
Continuing Obligations
Legal Advice
Assistance with Transition
Final Settlement
Reference and Communications
Governing Law
Entire Agreement
Severability
Amendment
Survival of Terms
General Obligations
Acknowledgements
Authority to Execute
Independent Advice
Warranty
Statutory Declarations
Redundancy Payment
Payment of Entitlements
Notice Period
Tax Treatment
Confidentiality
Return of Property
Release and Waiver
Non-Disparagement
Intellectual Property
Continuing Obligations
Legal Advice
Assistance with Transition
Final Settlement
Reference and Communications
Governing Law
Entire Agreement
Severability
Amendment
Survival of Terms
General Obligations
Acknowledgements
Authority to Execute
Independent Advice
Warranty
Statutory Declarations
Relevant Industries
Banking and Financial Services
Mining and Resources
Technology and Communications
Manufacturing
Retail and Consumer
Professional Services
Healthcare
Education
Construction
Transport and Logistics
Media and Entertainment
Agriculture
Energy and Utilities
Relevant Teams
Human Resources
Legal
People and Culture
Industrial Relations
Compliance
Finance
Payroll
Relevant Roles
Human Resources Director
HR Manager
Legal Counsel
Employment Lawyer
HR Business Partner
Compensation and Benefits Manager
Industrial Relations Manager
People and Culture Manager
HR Operations Manager
Chief Human Resources Officer
Workplace Relations Manager
Employee Relations Specialist
Find the exact document you need
Pre Possession Agreement
An Australian legal agreement allowing property buyers to take possession before settlement, outlining terms, conditions, and responsibilities of both parties.
find out more
Tenant Settlement Agreement
An Australian jurisdiction agreement that formalizes settlement terms between landlords and tenants, including financial arrangements and mutual releases.
find out more
Government Settlement Agreement
An Australian legal agreement resolving disputes between government entities and other parties, detailing settlement terms and compliance with public sector requirements.
find out more
Full And Final Release Settlement
An Australian legal agreement that provides a complete settlement of claims between parties, including payment terms and mutual releases from future liability.
find out more
Divorce Financial Settlement Consent Order
An Australian court order that formalizes agreed financial settlements between divorcing parties under the Family Law Act 1975.
find out more
Wage Settlement Agreement
An Australian legal agreement that documents the resolution of wage-related disputes between employers and employees, compliant with Fair Work Act requirements.
find out more
Debt Release Agreement
An Australian legal document that formally releases a debtor from their obligation to pay a specified debt, either wholly or partially, under Australian law.
find out more
Mutual Settlement Agreement
An Australian law-governed agreement that documents settlement terms between parties to resolve a dispute and prevent future claims.
find out more
Tripartite Settlement Agreement
An Australian law-governed agreement that formalizes settlement terms and obligations between three parties, providing a legally binding resolution to multi-party matters.
find out more
Termination And Settlement Agreement
An Australian law-governed agreement that documents employment termination terms and mutual settlement conditions between employer and employee.
find out more
Settlement Agreement Between Landlord And Tenant
An Australian legal agreement that documents the resolution of disputes between landlords and tenants, incorporating state-specific tenancy laws and settlement terms.
find out more
Selling House Divorce Agreement
An Australian legal agreement governing the sale of property between divorcing parties, combining family law and real estate transaction requirements.
find out more
Redundancy Agreement
An Australian legal agreement that sets out the terms and conditions for terminating employment due to a genuine redundancy situation, in compliance with Australian employment law.
find out more
Precedent Settlement Agreement
Australian precedent Settlement Agreement template for documenting dispute resolutions, incorporating key provisions under Australian law and jurisdiction-specific requirements.
find out more
Global Settlement Offer Divorce
An Australian family law document proposing comprehensive terms for divorce settlement, including property division, financial arrangements, and applicable parenting matters.
find out more
Division Agreement
An Australian legal document governing the division of business assets, operations, or corporate entities under Australian federal and state laws.
find out more
Contract Settlement Agreement
An Australian law-governed agreement that formally documents the resolution of a dispute between parties, including settlement terms and mutual releases.
find out more
Binding Settlement Agreement
An Australian law-governed agreement that formally documents settlement terms between disputing parties, ensuring legal enforceability and clear resolution parameters.
find out more
Voluntary Redundancy Settlement Agreement
An Australian law-governed agreement documenting the terms and conditions of a voluntary redundancy between employer and employee, including statutory entitlements and mutual obligations.
find out more
Inheritance Settlement Agreement
An Australian law-governed agreement that formalizes the settlement of inheritance disputes and arrangements between parties with interests in a deceased estate.
find out more
Estate Family Settlement Agreement
An Australian legal agreement formalizing the settlement and distribution arrangements of an estate between family members.
find out more
Divorce Agreement
An Australian legal document that formalizes divorce terms and conditions under the Family Law Act 1975, including property settlement and parenting arrangements.
find out more
Dismissal Settlement Agreement
An Australian law-governed agreement that formally documents the terms of an employee's departure and settlement, including compensation, releases, and ongoing obligations.
find out more
Whistleblowing Settlement Agreement
An Australian law-governed agreement settling whistleblowing matters between an organization and whistleblower, ensuring compliance with federal whistleblower protection laws.
find out more
Settlement Agreement Not To Sue
An Australian-law governed settlement agreement that resolves disputes through formal release of claims and covenants not to sue, providing legal finality to potential or existing disputes.
find out more
Divorce Stipulation Agreement
An Australian legal agreement documenting divorce terms and conditions, including property division and financial arrangements, under the Family Law Act 1975.
find out more
Non Payment Of Settlement Agreement
An Australian jurisdiction agreement documenting default on settlement payments, establishing new payment terms and enforcement mechanisms.
find out more
Federal Settlement Agreement
An Australian federal jurisdiction agreement that formally documents settlement terms between parties, ensuring compliance with federal laws and court requirements.
find out more
Family Settlement Agreement Probate
An Australian legal agreement that formalizes the settlement of estate distribution disputes under state probate laws and establishes binding terms for all parties involved.
find out more
Bullying Settlement Agreement
An Australian law-governed agreement documenting the settlement terms and mutual obligations resolving workplace bullying allegations between employees and involved parties.
find out more
Agreed Reference Settlement Agreement
An Australian law-governed agreement that settles disputes and establishes terms for future references between parties.
find out more
Personal Injury Settlement Agreement
An Australian jurisdiction agreement that formalizes the settlement of a personal injury claim, outlining compensation terms and mutual obligations between the injured party and the responsible party.
find out more
Informal Settlement Agreement
An Australian informal settlement agreement for efficiently resolving disputes between parties under Australian law, featuring simplified terms and basic settlement provisions.
find out more
Workers Compensation Settlement Agreement
An Australian legal agreement documenting the settlement of a workers compensation claim between worker, employer, and insurer, governed by state/territory compensation laws.
find out more
Settlement Agreement Compensation Payment
An Australian-law governed agreement documenting settlement terms and compensation payment between parties to resolve a dispute or claim.
find out more
Non Disparagement Settlement Agreement
An Australian legal agreement combining settlement terms with mutual commitments to refrain from making disparaging statements about other parties.
find out more
Tentative Settlement Agreement
An Australian jurisdiction document outlining preliminary settlement terms between parties, serving as a framework for negotiating a final settlement agreement.
find out more
Small Claims Settlement Agreement
An Australian legal document that formalizes the settlement of small claims disputes through state/territory tribunals, typically for claims under $25,000.
find out more
Short Settlement Agreement
An Australian law-governed agreement that efficiently documents dispute resolution terms and mutual obligations between settling parties.
find out more
Relationship Settlement Agreement
An Australian legal agreement documenting the settlement terms between separating parties under the Family Law Act 1975 (Cth).
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)