Case

Wollermann v Fortrend Securities Pty Ltd (2025)

Mr Wollermann and Mr Lyle were employed as financial advisers for Fortrend Securities Pty Ltd (Fortrend). They commenced proceedings in the Federal Court after Fortrend failed to pay their full bonuses to them following their resignations.

The employees’ employment contracts stated:

"a. You would receive a bonus in the event of Fortrend receiving USD50,000 per month in commissions through clients and accounts allocated to you. This bonus would be equal to 10% of commissions above 50,000 …

"b. The bonus for a particular month will be paid in the following manner: (i) 50% on the fifteenth day of the following month; and (ii) 50% after a period of seven months …

"c. If you resign or if your employment is terminated, you will not be entitled to receive the unpaid bonus."