The Contracting Industry Redundancy Trust (CIRT) is an approved worker entitlement fund and provides redundancy benefits to members. CIRT is the trust for electricians and electrical trade assistants working primarily in Queensland and the Northern Territory.
The Joint Electrical Training Council (JETCO) provides training benefits to eligible CIRT employees and employers to assist with the cost of maintaining and upgrading skills required within the Electrical contracting industry.
The trustee of this plan is a company, CIRT (QLD) Pty Ltd, and has equal employer/employee representation which consists of the ECAQ/ETU together with an independent director. Its sole purpose is to benefit the members. The plan is independently administered by professional accountants –
What is CIRT?
The Contracting Industry Redundancy Trust (CIRT) is a redundancy trust and a worker entitlement fund operating under the Fringe Benefit Tax (FBT) legislation. CIRT was established in 1991 to preserve the redundancy entitlements of workers in the electrical contracting industry.
The trustee of the fund is CIRT (QLD) PTY LTD, ABN 49 011 050 329 which has equal employer/employee representation consisting of the MEA and the ETU together with an independent director. The fund is independently administered by professional accountants – Malcolm V Leeke & Co.
CIRT is proudly sponsored by the Electrical Trades Union in Queensland and Northern Territory and Master Electricians Australia.
How Does CIRT Support Employees
The primary role of CIRT is to preserve the redundancy benefits of workers in the electrical construction industry. CIRT is also proud to provide other support opportunities to employees including those outlined below.
CIRT's primary role is to secure members entitlements in case of genuine redundancies, however CIRT is also able to offer other severance benefits to employee members. These benefits may be available when an employee retires or leaves the industry.
CIRT is proud to be able to offer members tax free redundancy payments. When an employee is terminated for reasons other than genuine redundancy, taxation and waiting periods may apply.
CIRT values the welfare of our members and provides members access to appropriate counselling services 24-hours, seven days per week, 365 days per year through a personalised answering service via a toll-free number at no cost to the either the employee or employer members.
To provide these services to members, CIRT supports the "Mates in Construction" program with counselling services provided by Converge International.
The Joint Electrical Training Council (JETCO) is CIRT's associated training fund and supports employees to maintain and upgrade their skill within the electrical construction industry by providing subsides to offset training expenses.
JETCO has a range of training subsidies available to employees depending on their time in the fund and the amount contributed by their employees and stipulated in the applicable employment agreement.
For all the information and form please visit www.cirt.com.au