What happens if I make my initial claim and then find a new job?

We’ve created some case studies to illustrate this scenario:

Scenario A – Worker remains out of work after claiming

Worker A has an account balance of $20,000 and is made genuinely redundant.

Worker A makes a genuine redundancy claim and receives their first $8,000 payment. This leaves $12,000 in their Incolink account.

28 Days after the initial claim, Worker A finds themselves still without work and can submit a claim for the remaining balance via their Incolink Account.

Scenario B – Worker finds work outside the industry after claiming

Worker B has an account balance of $24,000 and is made genuinely redundant.

Worker B makes a genuine redundancy claim and receives their first $8,000 payment. This leaves $16,000 in their Incolink account

1 week later, Worker B finds a new job outside of the industry meaning they are no longer receiving Incolink contributions.

Worker B has 2 options regarding their remaining balance:

• Option 1 - 28 days after the initial claim, Worker B decides they would like to continue receiving their redundancy payout and claims their remaining balance.
• Option 2 - Worker B decides that because they're earning an income, they'll keep some funds in their Incolink Account for when they need it most.
  
  

Scenario C – Worker has an account balance of $16,000 and is made genuinely redundant.

Worker C makes a genuine redundancy claim and receives their first $8,000 payment. This leaves $8,000 in their Incolink account

1 week later, Worker C finds a new job inside the industry meaning they are receiving Incolink contributions again.

Worker C has 2 options regarding their remaining balance

• Option 1 - 28 days after the initial claim, Worker C decides they would like to continue receiving their redundancy payout and claims an additional $8,000. This brings their original balance to zero. Even though Worker C will have new contributions made to their account, they will be unable to claim any new contribution made after their original end employment date.
• Option 2 - Worker C decides that because they're earning an income and receiving contributions again, they'll keep the remaining funds in their Incolink Account for when they need it most.