This note is not part of the order, but is intended to indicate its general effect.
Section 104(1)(d)(i) of the Insolvency Act 1967 specifies the priority to be given to payment of certain debts owing in respect of employees' wages and other specified matters.
That section currently provides that the total sum to which priority is to be given in respect of those debts shall not, in the case of any one claimant, exceed $1,500.
This order, which comes into force on 10 October 1988, increases that sum to $6,000.
The increased sum will not apply, by reason of section 2(3) of the Insolvency Amendment Act 1978, in respect of any case where a person has been adjudged bankrupt, or there has been an order or election to administer an estate under Part 17 of the Insolvency Act 1967, before 10 October 1988.