My name is ***** ***** I am a NSW Solicitor. Thank you for your question, and will do my best to assist you with your question. Please understand this is not legal advise but a guide to assist you.
The law on redundancies is set in the fair work act
Here are the periods
Here is a link that can assist you.
It is paid at your current pay rate.
They cannot pay it on a lesser amount.
I hope this makes sense and is of assistance. If there is nothing further
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If I have missed anything, or you have any further questions please let me know
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