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Private Company Termination Policy Template for Australia

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Key Requirements PROMPT example:

Private Company Termination Policy

"I need a Private Company Termination Policy for my Australian technology startup with 50 employees, incorporating specific provisions for remote workers and international contractors, which must be compliant with Australian law and ready for implementation by March 2025."

Document background
The Private Company Termination Policy is a critical document for Australian private companies to ensure legally compliant and fair employment termination processes. This document becomes necessary when organizations need to establish standardized procedures for handling various types of employment terminations, from voluntary resignations to involuntary dismissals. It incorporates requirements from the Fair Work Act 2009, anti-discrimination legislation, and other relevant Australian employment laws, providing a framework that protects both employer and employee interests. The policy is particularly important given Australia's robust employee protections and the significant legal consequences of non-compliant termination procedures.
Suggested Sections

1. Purpose and Scope: Outlines the policy's objectives and who it applies to within the organization

2. Definitions: Defines key terms used throughout the policy including types of termination, notice periods, and relevant parties

3. Legal Framework: References to relevant legislation and regulatory requirements that govern termination procedures

4. Types of Termination: Details different categories of termination (resignation, redundancy, dismissal for cause, etc.)

5. Notice Periods: Specifies required notice periods for different types of termination and employment categories

6. Termination Procedures: Step-by-step processes for handling different types of termination

7. Final Pay and Entitlements: Calculation and processing of final pay, including leave entitlements and other benefits

8. Return of Company Property: Requirements and procedures for returning company assets and information

9. Confidentiality and Ongoing Obligations: Post-employment obligations regarding confidential information and intellectual property

10. Documentation Requirements: Required forms, letters, and record-keeping procedures for termination processes

Optional Sections

1. Redundancy Procedures: Detailed procedures for handling redundancies - include for companies with 15+ employees

2. Executive Termination Procedures: Special provisions for terminating executive-level employees - include for companies with executive employees

3. International Employee Provisions: Special considerations for international employees - include for companies with overseas workers

4. Workplace Investigation Procedures: Detailed processes for conducting workplace investigations - include for larger organizations

5. Outplacement Support: Details of career transition support - include if company offers outplacement services

6. Remote Worker Provisions: Special procedures for remote workers - include if company employs remote workers

7. Performance Management Link: Connection to performance management processes - include if company has formal performance management system

Suggested Schedules

1. Schedule A - Termination Checklist: Comprehensive checklist for managers to follow during termination process

2. Schedule B - Template Letters: Standard templates for termination-related correspondence

3. Schedule C - Final Pay Calculator: Guide for calculating final pay and entitlements

4. Schedule D - Exit Interview Form: Standard form for conducting and documenting exit interviews

5. Appendix 1 - Notice Period Table: Detailed table of notice periods for different employment categories

6. Appendix 2 - Redundancy Payment Calculator: Guide for calculating redundancy payments

7. Appendix 3 - Company Property Register: Template for recording company property to be returned

8. Appendix 4 - Regulatory Compliance Checklist: Checklist ensuring compliance with relevant legislation and regulations

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions














































Clauses



































Relevant Industries

Technology

Manufacturing

Retail

Professional Services

Financial Services

Healthcare

Construction

Education

Hospitality

Mining

Agriculture

Transportation

Media and Entertainment

Real Estate

Energy

Relevant Teams

Human Resources

Legal

Compliance

Senior Management

Operations

People and Culture

Industrial Relations

Employee Relations

Finance

Administration

Relevant Roles

Chief Executive Officer

Human Resources Director

HR Manager

Legal Counsel

Department Manager

Line Manager

Team Leader

Operations Manager

Chief Financial Officer

Compliance Officer

HR Business Partner

People and Culture Manager

Industrial Relations Manager

Employee Relations Specialist

Recruitment Manager

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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