Fair Entitlements Guarantee Recovery program (assurance review)
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This review would examine the Department of Employment’s reporting of the Fair Entitlements Guarantee Recovery program’s performance.
Under the Fair Entitlements Guarantee Recovery program, the department provides funding to liquidators to pursue recovery efforts (including court proceedings) against insolvent companies. The program commenced, as a pilot, on 1 July 2015. The Government subsequently announced that, from 1 January 2017, the program would continue and be expanded. In 2017–18, the program has a budget of $47 million over four years. The Government has estimated that the recovery program will achieve additional Fair Entitlements Guarantee recoveries of $165.7 million over four years.