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150 Strandline Employees to Get Commonwealth Pay After Court Ruling
The Supreme Court ruled that Strandline Resources' $4.75 million trust cannot be used for employee entitlements. Workers will instead be paid under the Commonwealth's Fair Entitlements Guarantee scheme.
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A court has blocked Strandline Resources from using a $4.75 million trust to pay its former employees. About 150 workers will instead be paid through the Commonwealth's Fair Entitlements Guarantee scheme.
The ruling came after the liquidator sought directions on the trust, which was set aside for employee entitlements before the company collapsed. Strandline Resources, once a developer of the Coburn mineral sands project north of Geraldton, entered administration in late 2023 and was later liquidated.
The trust had been established as a buffer for wages and leave. The court decided the funds could not be distributed directly to employees, leaving the government scheme as the primary channel.