The Status of Redundancy Bill is a Member's Bill arising out of the collapse of the Weddel meatworks and claims by workers who subsequently became unsecured creditors for their redundancy payments. The bill proposes three significant changes to current legislation. First, the removal of the current $6,000 limit on the amount of wages/salaries and holiday pay employees can receive after a company goes into receivership or liquidation. Secondly, the removal of the $1,500 limit on the amount that an employee can recover for wages/salaries and holiday pay owed from individuals who are employers. Thirdly, the bill intends to include redundancy payments as a preferential claim with the same status as wages/salaries and holiday pay.