PART V WAGE PROTECTION — Priority of wage claim
37(1.1)
Wages owing to an employee by an employer are considered to be held in trust by the employer in favour of the employee notwithstanding the wages are not held separately by the employer from other money of the employer.
37
(1) Notwithstanding another Act, a person to whom unpaid wages are owing by an employer has in respect of the wages a first priority and claim over the claims of all other creditors of the employer, including claims of the Crown, to the extent of $7,500.
37(2)
The right conferred by subsection (1) is ineffective unless the person to whom the wages are unpaid gives written notice of the person’s claim to the director and upon receiving payment of all unpaid wages from the employer, the person or, where the person is represented by another person, that person shall immediately notify the director.
37(3)
A notice referred to in subsection (2) may be given by one person on behalf of another person where the person on whose behalf the notice is given has authorized it to be given.
Not legal advice. Verify the cited article against the signed agreement.