The Fair Work Legislation Amendment (Closing Loopholes) Act 2023 (Cth) (Closing Loopholes Act) was passed by the Commonwealth Parliament on 7 December 2023 and received Royal Assent on 14 December 2023. The Closing Loopholes Act introduces major changes to the Fair Work Act 2009 (FW Act) and other laws. This includes altering the small business redundancy exemptions in the FW Act in the context of winding up scenarios.
This Summary provides an overview of the above change.
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