Ability to Salary Sacrifice by Company Authorisation Sample Clauses

Ability to Salary Sacrifice by Company Authorisation. (a) Objectives of Clause (i) This clause provides for a team member to request an alternative system for the payment of wages. It is intended that the flexibility provided by this clause will be of benefit to team members without imposing additional costs on the Company. (ii) Team members will be able to participate in a salary sacrifice program in relation to Superannuation or any other benefit agreed to by the Company. Team members are not obliged to participate in this program.
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Ability to Salary Sacrifice by Company Authorisation. (i) A team member may, by mutual agreement with Kmart participate in a salary sacrifice program in relation to Superannuation or any other benefit agreed to by Kmart and request to receive wages payable in accordance with this Agreement, minus the amount diverted into contributions under this program.
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Ability to Salary Sacrifice by Company Authorisation. (a) An Associate may direct the Company to pay a portion of the Associate’s wages into REST for the benefit of the Associate, subject to the amounts prescribed in the Australian Taxation Office aged based employer tax deduction limits. (b) Any amounts paid in accordance with such a direction is deemed to be paid in satisfaction of the company’s obligation to pay the wages set out in this Agreement. Accordingly, no breach of this Agreement will occur if the actual wages paid to the Associate fall below the rates set by this Agreement solely because of the company paying additional superannuation contributions on a pre-tax basis under this clause. Where an Associate elects to salary sacrifice, Company superannuation contributions will be based on the Associate’s pre-sacrifice wage.
Sample 1
Ability to Salary Sacrifice by Company Authorisation. (a) An Associate may direct the Company to pay a portion of the Associate’s wages into REST for the benefit of the Associate. Salary sacrifice contributions are classified as concessional contributions which are subject to concessional taxation limits (caps) imposed by the Australian Taxation Office. (b) Any amounts paid in accordance with such a direction is deemed to be paid in satisfaction of the company’s obligation to pay the wages set out in this Agreement. Accordingly, no breach of this Agreement will occur if the actual wages paid to the Associate fall below the rates set by this Agreement solely because of the company paying additional superannuation contributions on a pre-tax basis under this clause. Where an Associate elects to salary sacrifice, Company superannuation contributions will be based on the Associate’s pre-sacrifice wage.
Sample 1
Ability to Salary Sacrifice by Company Authorisation. 28.6.1 This clause provides for a team member to request an alternative system for the payment of wages. It is intended that the flexibility provided by this clause will be of benefit to team members without imposing additional costs on Kmart.
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Ability to Salary Sacrifice by Company Authorisation 
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Related to Ability to Salary Sacrifice by Company Authorisation

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