Originally Posted by 
PhilipA
				
			 
			I have been made redundant 3 times in my life .
I don't see much difference with Newstart as a person being made redundant will usually receive a payout according to their length of service usually 2 weeks per year.( if you worked for Telstra you got 4 weeks per year. What a rort) 
Accrued holiday leave is treated differently with less tax AFAIR. 30%?
The second last time I was made redundant from Austrade as I didn't apply for positions.
If you were there for 10 years or whatever the qualifying period you can also cash out long service leave at a lower tax rate.
I was also offered 6 weeks  "stress leave" which I didn't accept as I thought it would not look good on my record, but in retrospect I would now take all the leave and "retraining" that is offered.
One thing I would consider if you are in a management position and over 40-45 , I found it very difficult to get another job. "Overqualified". It means too old and expensive. I have found that there is a lot of Ageism in the workplace despite what the propaganda says. No boss likes a subordinate with more experience than them.
However I really enjoyed being a TAFE teacher and consultant for 18 months before getting another executive position so all is not lost.
However if you are in a management position and would like one of the jobs on offer, I would go for it, as there is a great benefit in continuity of employment over a long period, that you will benefit from when you retire.
Regards Philip A