The Fair Entitlements Guarantee (FEG) Scheme pays only employees, not contractors, in a liquidation
Summary Employees have priority over other unsecured creditors in the case of insolvency, though the exact priority depends on the employee entitlement in question; The Fair Entitlements Guarantee (FEG) Scheme is intended to be a scheme of last resort, however, it appears to be misused by some companies that are wound-up; Contractors are not employees […]