About the Australia Redundancy Pay Calculator
Under the Fair Work Act's National Employment Standards, redundancy pay ranges from 4 weeks' base pay after 1 year to 16 weeks after 9 years, dropping to 12 weeks after 10 years (because long service leave usually applies). Small businesses with fewer than 15 employees are exempt.
A genuine redundancy payment is tax-free up to a base amount plus an amount for each year of service; the rest is taxed as an employment termination payment.
