Transfer of Business

Transfer of Business

ERS Academy
Updated Apr 29, 2020

It is the responsibility of employers to ensure they meet legislative requirements in relation to employee entitlements when buying or selling a business.

This module explains the transfer of business decision-making process, and options for employee matters in a sale of business.

  • Understand the decision-making process and options for employee matters in a sale of business;
  • Understand what are transferring employees & what industrial instrument covers transferring vs new employees;
  • Understand transfer of service-related entitlements in transfer of business, including what is, and is not, negotiable in the Sale of Business agreement;
  • Understand record keeping obligations of vendor & purchaser;
  • Understand Employee Contract documentation requirements for transferring employees.

© Employee Relations Strategies Pty Ltd : April 2020