Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Work out the amount for each of a person ' s employment entitlements to be taken into account under section 16 by:
(a) working out the basic amount for the entitlement under Subdivisions B and C; and
(b) reducing the basic amount (but not below nil) by the sum of the amounts described in subsections ( 2) and (3) for the entitlement.
(2) One amount of the reduction of the basic amount for a particular employment entitlement of a person for his or her employment by an employer is the total of amounts that:
(a) are attributable to the entitlement; and
(b ) have been paid by anyone:
(ii) to someone else for the person ' s benefit or in accordance with the person ' s direction ; and
(c ) are not costs of the winding u p or bankruptcy of the employer.
(3) The other amount of the reduction of the basic amount for a particular employment entitlement of a person for his or her employment by an employer is the total of amounts that:
(a) are attributable to the entitlement; and
(b ) are payable (and have not been paid) by anyone :
(ii) to someone else for the person ' s benefit or in accordance with the person ' s direction; and
(i) under the Corporations Act 2001 in the winding up of the person ' s employer ; or
(ii) under the Bankruptcy Act 1966 from the proceeds of the property of the bankrupt employer of the person; or
(iii) u nder this Act.