PPRuNe Forums - View Single Post - Unintended 457 consequences could ground airlines
Old 4th May 2017, 06:37
  #58 (permalink)  
rmcdonal
 
Join Date: Dec 2002
Location: Not Syderknee
Posts: 1,011
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So why can't a bond work then? Are they really not enforceable if the employee walks?
The Award provides the minimum terms and conditions, most employers at a GA level pay exactly the award, if you leave during your bond period then FWA see that as you being paid less than the award as the deduction for the bond reduces your income below award rates. As such bonds are not enforceable when you are being paid near award rates.
E.G.
Award is $50k
Pay is $50k
Bond is $10k
Leave during bond period then pay for the year is only $40k, less than the award and not 'better off overall'.
Bond cancelled by FWA.
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