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The Fair Work Ombudsman has commenced legal action against the operators of a financial advisory service based in Parramatta, Sydney.

Facing court are Centennial Wealth Pty Ltd and sole director Ms Nevenka “Natasha” Lovric.

The regulator began an investigation after receiving a request for assistance from a former worker.

A Fair Work Inspector issued a Compliance Notice to Centennial Wealth Pty Ltd in August 2021, after forming a belief that a worker engaged as a full-time coordinator of property investor relations had been underpaid entitlements owed under the Banking, Finance and Insurance Award 2020 and the Fair Work Act’s National Employment Standards.

The inspector formed a belief the employee, working between May 2019 and March 2020, had been underpaid annualised salary entitlements and did not receive, at the end of their employment, payment in lieu of notice and for accrued but untaken annual leave.

The FWO alleges Centennial Wealth Pty Ltd, without reasonable excuse, failed to comply with the Compliance Notice, which required it to calculate and back-pay the employee’s entitlements. It is alleged Ms Lovric was involved in the contravention.