VIC Employment Rights, Notice and Pending Redundancy

I’m 56 years old and my AL & LS is $23k, with notice and redundancy is $50k

My boss said Due to a merger & restructure, I'm no longer needed and will become redundant.
He will not give a termination date.

2 weeks later I asked for an update, I was told not to worry and he will look after me,
He suggested I should not resign so as not to lose the redundancy payout.

The company is still going to exist (Family trust Pty Ltd may be as a shell ) and when some money became available he will issue the termination notice & pay me redundancy. I should have my job until Xmas, he said.
3 days later All equipment has been centralised & moved to another premises

After merger only 2 staff will remain with no work to perform .
Note: I believe they trading while insolvent. They rely on selling vehicles (<$30k) for the payout if any.

There are potentially 3 other persons that may not sign new contracts because of the imposed conditions.
each has LS & AL ~>$30k.

After the merger, there will be less then 15 employees.

My dilemma : if any resign before they sign contracts, there is no money to pay any of us.
What can I do to secure my entitlements and force the redundancy.

 

My employer has over 25 people, but after merger there will be <15
I have been given verbal assurance that he will pay redundancy, But I find it hard to believe that he will keep his word.
the merger has not occurred yet.