VLF – FAQ
- Workers compensation schemes;
- Statutory compensation, pension or similar schemes;
- Income benefits from other policies of insurance, mutual funds and/or superannuation trustee(s); and
- Any employer funded sick leave payments or other employer funded benefits.
VLF will top up any offset payments to reach 95% of your EBA base salary.
For the full table with details of cost and Company reimbursement, view VLF – LoL Protection.
Virgin Australia Airlines New Zealand Crewing & Employment EBA Amount: NZD2,655
Your Loss of Licence Protection Limit will be calculated at the agreed exchange rate.
Please contact VIPA Financial Services to discuss your required LoL Protection Limit.
Please note VLF Protection limits are in Australian dollars.
Virgin Australia Narrow Body – $2,924.35
Virgin Australia Wide Body – $2,924.35
VARA – $1,415.23
Tigerair – $1,967.00
VANZ – NZD2,655 or 1.5% of base salary.