In Australia,employee entitlements are protected in the case of company insolvency because:
A) Employees are given first priority for payment after the taxation department and the company administrators.
B) Employees are given some preferential access to payment, but after secured creditors.
C) ASIC monitors companies' annual reports to ensure that their assets are greater than the total secured debt and employee entitlements.
D) Employees are encouraged to withdraw their labour in the case of a company beginning to fail in order to minimise their loss of employee entitlements.
E) None of the given answers.
Correct Answer:
Verified
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