Brief: Regis Healthcare Says Identified Potential Underpayments Of Employee Entitlements

Regis Healthcare

09/08/2021 02:27

Aug 9 (Reuters) - Regis Healthcare Ltd  REG.AX :
    * THAT IT HAS IDENTIFIED POTENTIAL UNDERPAYMENTS OF EMPLOYEE
ENTITLEMENTS TO CERTAIN CURRENT AND FORMER EMPLOYEES
    * ESTIMATES THAT POTENTIAL UNDERPAYMENTS DUE TO CURRENT AND
FORMER
EMPLOYEES COULD BE IN RANGE OF A$30-A$40 MILLION
    * PAYMENT SHORTFALLS AS SOME EMPLOYEE ENTITLEMENTS DUE UNDER
ENTERPRISE AGREEMENTS WERE RECORDED INACCURATELY IN PAYROLL
SYSTEM
    * COMMENCED A REVIEW TO DETERMINE EXTENT OF UNDERPAYMENTS
    * IMPACT OF EXPECTED RANGE OF UNDERPAYMENTS ON PROFIT BEFORE
INCOME TAX FOR FY2021 ESTIMATED TO BE IN RANGE OF A$6-A$7
MILLION
    * ON-GOING FINANCIAL IMPACT OF EMPLOYEE ENTITLEMENT
UNDERPAYMENTS
IS ANTICIPATED TO BE LESS IN 2022 FINANCIAL YEAR

Source text for Eikon:  urn:newsml:reuters.com:*:nASX9vm0kw
Further company coverage:  REG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))