ACCUMULATION FUND MEMBERS. 2.1 New employees will be offered an accumulation-style of benefit. 2.2 Employees will have the choice of either the accumulation section of the Amcor Superannuation Fund (the Amcor Fund), the Printing Industry Superannuation Fund (Print Super) or the Superannuation Trust of Australia (STA), with the exception of employees at the Moorabbin Flexibles and PET West Footscray sites where the Labour Union Co Operative Retirement Fund (“LUCRF”) will be an additional option. Amcor will provide copies of the Product Disclosure Statements and the relevant membership application forms for these funds to new employees on commencement of employment to permit an informed and timely choice. 2.3 The default fund for permanent employees will be the Amcor Superannuation Fund. For casual employees employed in positions that were traditionally covered by one or more of the following awards, the default fund will be as specified: Traditional Award Coverage Default Fund Graphic Arts – General – Award 2000; Graphics Arts – General – Interim Award 1995; Country Printing Award 1959; or Printing Award – State (Qld) Print Super Metal, Engineering & Associated Industries Award 1998 – Part 1; Metal Industry Award 1984 – STA Part 1; Metal Trades (General) Award (WA); Plastic Manufacturing Award 1977 (WA); or Can Manufacturing (Production and Maintenance- Amalgamated Industries Pty Ltd) Award A4 1985 (WA), Rubber, Plastic and Cablemaking Industry (General) Award 1998 LUCRF Employees who fail to provide details of an existing membership of one of the funds nominated in clause 2.2 above, or who fail to return a completed Membership Application form to the pay office within 7 days of commencing employment with Amcor, will be deemed to have selected the default fund. 2.4 Amcor will only be required to make contributions to one of the nominated funds in clause 2.2 for each employee, covering all company and employee contributions, whether before tax or after tax. Amcor will remit all member and employer contributions (including salary sacrifice contributions) to the employee’s nominated superannuation fund within 28 days of the end of the calendar month for which the payment is being made. 2.5 Employer contributions will be paid at the rate of 9% of Ordinary Time Earnings (or such higher rate as prescribed by Superannuation Guarantee legislation). 2.6 Ordinary Time Earnings for permanent employees will be based on the employee’s base pay rate, tool allowance, leading hand allowance and any other all purpose wage related allowance and shift loading, including weekend and public holiday rates where the shift worked is part of the employee’s ordinary rostered hours of work. These components of pay will be calculated for the employee’s ordinary rostered hours of work. All other allowances and payments, including overtime are excluded. For casual employees, Ordinary Time Earnings will be based on the employee’s base pay rate, casual loading, shift loading, tool allowance, leading hand allowance and any other all purpose wage related allowance, including weekend and public holiday rates, for all hours worked which do not attract overtime penalties. All other allowances and payments, including overtime are excluded. 2.7 Any administration fees and insurance premiums charged by the chosen superannuation fund will be deducted from the employee’s superannuation account. 2.8 Employees can choose to make voluntary contributions on a before tax or after tax basis. Employees may change the amount of their voluntary contributions upon giving one month’s prior written notice to Amcor. 2.9 Subject to the rules of the funds, employees may elect to switch between the nominated accumulation funds once in each 12 month period. 2.10 Amcor will implement a change of fund request in payroll within 2 months of the employee providing ABS Payroll with a properly completed transfer form and membership application form for their nominated fund. 2.11 Any costs levied by a fund as a result of a decision by an employee to change superannuation funds, for example fund exit fees, will be met by the employee.
Appears in 1 contract
Samples: Collective Agreement
ACCUMULATION FUND MEMBERS. 2.1 New employees will be offered an accumulation-style of benefit.
2.2 Employees will have the choice of either the accumulation section of the Amcor Superannuation Fund (the Amcor Fund), the Printing Industry Superannuation Fund (Print Super) or the Superannuation Trust of Australia (STA), with the exception of employees at the Moorabbin Flexibles and PET West Footscray sites where the Labour Union Co Operative Retirement Fund (“LUCRF”) will be an additional option. Amcor will provide copies of the Product Disclosure Statements and the relevant membership application forms for these funds to new employees on commencement of employment to permit an informed and timely choice.
2.3 The default fund for permanent employees will be the Amcor Superannuation Fund. For casual employees employed in positions that were traditionally covered by one or more of the following awards, the default fund will be as specified: Traditional Award Coverage Default Fund Graphic Arts – General – Award 2000; Graphics Arts – General – Interim Award 1995; Country Printing Award 1959; or Printing Award – State (Qld) Print Super Metal, Engineering & Associated Industries Award 1998 – Part 1; Metal Industry Award 1984 – STA Part 1; Metal Trades (General) Award (WA); Plastic Manufacturing Award 1977 (WA); or Can Manufacturing (Production and Maintenance- Amalgamated Industries Pty Ltd) Award A4 1985 (WA), Rubber, Plastic and Cablemaking Industry (General) Award 1998 LUCRF Employees who fail to provide details of an existing membership of one of the funds nominated in clause 2.2 above, or who fail to return a completed Membership Application form to the pay office within 7 days of commencing employment with Amcor, will be deemed to have selected the default fund.
2.4 Amcor will only be required to make contributions to one of the nominated funds in clause 2.2 for each employee, covering all company and employee contributions, whether before tax or after tax. Amcor will remit all member and employer contributions (including salary sacrifice contributions) to the employee’s nominated superannuation fund within 28 days of the end of the calendar month for which the payment is being made.
2.5 Employer contributions will be paid at the rate of 9% of Ordinary Time Earnings (or such higher rate as prescribed by Superannuation Guarantee legislation).
2.6 Ordinary Time Earnings for permanent employees will be based on the employee’s base pay rate, tool allowance, leading hand allowance and any other all purpose wage related allowance and shift loading, including weekend and public holiday rates where the shift worked is part of the employee’s ordinary rostered hours of work. These components of pay will be calculated for the employee’s ordinary rostered hours of work. All other allowances and payments, including overtime are excluded. For casual employees, Ordinary Time Earnings will be based on the employee’s base pay rate, casual loading, shift loading, tool allowance, leading hand allowance and any other all purpose wage related allowance, including weekend and public holiday rates, for all hours worked which do not attract overtime penalties. All other allowances and payments, including overtime are excluded.
2.7 Any administration fees and insurance premiums charged by the chosen superannuation fund will be deducted from the employee’s superannuation account.
2.8 Employees can choose to make voluntary contributions on a before tax or after tax basis. Employees may change the amount of their voluntary contributions upon giving one month’s prior written notice to Amcor.
2.9 Subject to the rules of the funds, employees may elect to switch between the nominated accumulation funds once in each 12 month period.
2.10 Amcor will implement a change of fund request in payroll within 2 months of the employee providing ABS Payroll with a properly completed transfer form and membership application form for their nominated fund.
2.11 Any costs levied by a fund as a result of a decision by an employee to change superannuation funds, for example fund exit fees, will be met by the employee.
Appears in 1 contract
Samples: Collective Agreement
ACCUMULATION FUND MEMBERS. 2.1 New employees will be offered an accumulation-style of benefit.
2.2 Employees will have the choice of either the accumulation section of the Amcor Superannuation Fund (the Amcor Fund), the Printing Industry Superannuation Fund (Print Super) or AustralianSuper (previously the Superannuation Trust of Australia (STAAustralia), with the exception of employees at the Moorabbin Flexibles and PET West Footscray sites where the Labour Union Co Operative Retirement Fund (“LUCRF”) will be an additional option. Amcor will provide copies of the Product Disclosure Statements and the relevant membership application forms for these funds to new employees on commencement of employment to permit an informed and timely choice.
2.3 The default fund for permanent employees will be the Amcor Superannuation Fund. For casual employees employed in positions that were traditionally covered by one or more of the following awards, the default fund will be as specified: Traditional Award Coverage Default Fund • Graphic Arts – General – –Award 2000; • Graphics Arts – General – Interim Award 1995; • Country Printing Award 1959; or • Printing Award – State (Qld) Print Super • Metal, Engineering & Associated Industries Award 1998 – Part 1; • Metal Industry Award 1984 – STA Part 1; • Metal Trades (General) Award (WA); • Plastic Manufacturing Award 1977 (WA); or • Can Manufacturing (Production and Maintenance- Maintenance-Amalgamated Industries Pty Ltd) Award A4 1985 (WA), AustralianSuper (previously STA) • Rubber, Plastic and Cablemaking Industry (General) Award 1998 LUCRF Employees who fail to provide details of an existing membership of one of the funds nominated in clause 2.2 above, or who fail to return a completed Membership Application form to the pay office within 7 days of commencing employment with Amcor, will be deemed to have selected the default fund.
2.4 Amcor will only be required to make contributions to one of the nominated funds in clause 2.2 for each employee, covering all company and employee contributions, whether before tax or after tax. Amcor will remit all member and employer contributions (including salary sacrifice contributions) to the employee’s nominated superannuation fund within 28 days of the end of the calendar month for which the payment is being made.
2.5 Employer contributions will be paid at the rate of 9% of Ordinary Time Earnings (or such higher rate as prescribed by Superannuation Guarantee legislation).
2.6 Ordinary Time Earnings for permanent employees will be based on the employee’s base pay rate, tool allowance, leading hand allowance and any other all purpose wage related allowance and shift loading, including weekend and public holiday rates where the shift worked is part of the employee’s ordinary rostered hours of work. These components of pay will be calculated for the employee’s ordinary rostered hours of work. All other allowances and payments, including overtime are excluded. For casual employees, Ordinary Time Earnings will be based on the employee’s base pay rate, casual loading, shift loading, tool allowance, leading hand allowance and any other all purpose wage related allowance, including weekend and public holiday rates, for all hours worked which do not attract overtime penalties. All other allowances and payments, including overtime are excluded.
2.7 Any administration fees and insurance premiums charged by the chosen superannuation fund will be deducted from the employee’s superannuation account.
2.8 Employees can choose to make voluntary contributions on a before tax or after tax basis. Employees may change the amount of their voluntary contributions upon giving one month’s prior written notice to Amcor.
2.9 Subject to the rules of the funds, employees may elect to switch between the nominated accumulation funds once in each 12 month period.
2.10 Amcor will implement a change of fund request in payroll within 2 months of the employee providing ABS Payroll with a properly completed transfer form and membership application form for their nominated fund.
2.11 Any costs levied by a fund as a result of a decision by an employee to change superannuation funds, for example fund exit fees, will be met by the employee.
Appears in 1 contract
Samples: Employment Agreement
ACCUMULATION FUND MEMBERS. 2.1 New employees will be offered an accumulation-style of benefit.
2.2 Employees will have the choice of either the accumulation section of the Amcor Superannuation Fund (the Amcor Fund), the Printing Industry Superannuation Fund (Print Super) or the Superannuation Trust of Australia (STA), with the exception of employees at the Moorabbin Flexibles and PET West Footscray sites where the Labour Union Co Operative Retirement Fund (“LUCRF”) will be an additional option. Amcor will provide copies of the Product Disclosure Statements and the relevant membership application forms for these funds to new employees on commencement of employment to permit an informed and timely choice.
2.3 The default fund for permanent employees will be the Amcor Superannuation Fund. For casual employees employed in positions that were traditionally covered by one or more of the following awards, the default fund will be as specified: Traditional Award Coverage Default Fund • Graphic Arts – General – –Award 2000; • Graphics Arts – General – Interim Award 1995; • Country Printing Award 1959; or • Printing Award – State (Qld) Print Super • Metal, Engineering & Associated Industries Award 1998 – Part 1; • Metal Industry Award 1984 – STA Part 1; • Metal Trades (General) Award (WA); • Plastic Manufacturing Award 1977 (WA); or • Can Manufacturing (Production and Maintenance- Maintenance-Amalgamated Industries Pty Ltd) Award A4 1985 (WA), STA • Rubber, Plastic and Cablemaking Industry (General) Award 1998 LUCRF Employees who fail to provide details of an existing membership of one of the funds nominated in clause 2.2 above, or who fail to return a completed Membership Application form to the pay office within 7 days of commencing employment with Amcor, will be deemed to have selected the default fund.
2.4 Amcor will only be required to make contributions to one of the nominated funds in clause 2.2 for each employee, covering all company and employee contributions, whether before tax or after tax. Amcor will remit all member and employer contributions (including salary sacrifice contributions) to the employee’s nominated superannuation fund within 28 days of the end of the calendar month for which the payment is being made.
2.5 Employer contributions will be paid at the rate of 9% of Ordinary Time Earnings (or such higher rate as prescribed by Superannuation Guarantee legislation).
2.6 Ordinary Time Earnings for permanent employees will be based on the employee’s base pay rate, tool allowance, leading hand allowance and any other all purpose wage related allowance and shift loading, including weekend and public holiday rates where the shift worked is part of the employee’s ordinary rostered hours of work. These components of pay will be calculated for the employee’s ordinary rostered hours of work. All other allowances and payments, including overtime are excluded. For casual employees, Ordinary Time Earnings will be based on the employee’s base pay rate, casual loading, shift loading, tool allowance, leading hand allowance and any other all purpose wage related allowance, including weekend and public holiday rates, for all hours worked which do not attract overtime penalties. All other allowances and payments, including overtime are excluded.
2.7 Any administration fees and insurance premiums charged by the chosen superannuation fund will be deducted from the employee’s superannuation account.
2.8 Employees can choose to make voluntary contributions on a before tax or after tax basis. Employees may change the amount of their voluntary contributions upon giving one month’s prior written notice to Amcor.
2.9 Subject to the rules of the funds, employees may elect to switch between the nominated accumulation funds once in each 12 month period.
2.10 Amcor will implement a change of fund request in payroll within 2 months of the employee providing ABS Payroll with a properly completed transfer form and membership application form for their nominated fund.
2.11 Any costs levied by a fund as a result of a decision by an employee to change superannuation funds, for example fund exit fees, will be met by the employee.clause
Appears in 1 contract
Samples: Enterprise Agreement
ACCUMULATION FUND MEMBERS. 2.1 2.1. New employees will be offered an accumulation-style of benefit.
2.2 2.2. Employees will have the choice of either the accumulation section of the Amcor Superannuation Fund (the Amcor Fund), the Printing Industry Superannuation Fund (Print Super) or the Superannuation Trust of Australia (STA), with the exception of employees at the Moorabbin Flexibles and PET West Footscray sites where the Labour Union Co Operative Retirement Fund (“LUCRF”) will be an additional option. Amcor will provide copies of the Product Disclosure Statements and the relevant membership application forms for these funds to new employees on commencement of employment to permit an informed and timely choice.
2.3 2.3. The default fund for permanent employees will be the Amcor Superannuation Fund. For casual employees employed in positions that were traditionally covered by one or more of the following awards, the default fund will be as specified: Traditional Award Coverage Default Fund Graphic Arts – General – –Award 2000; Graphics Arts – General – Interim Award 1995; Country Printing Award 1959; or Printing Award – State (Qld) Print Super Metal, Engineering & Associated Industries Award 1998 – Part 1; Metal Industry Award 1984 – STA Part 1; Metal Trades (General) Award (WA); Plastic Manufacturing Award 1977 (WA); or Can Manufacturing (Production and Maintenance- Maintenance-Amalgamated Industries Pty Ltd) Award A4 1985 (WA), STA Rubber, Plastic and Cablemaking Industry (General) Award 1998 LUCRF Employees who fail to provide details of an existing membership of one of the funds nominated in clause 2.2 above, or who fail to return a completed Membership Application form to the pay office within 7 days of commencing employment with Amcor, will be deemed to have selected the default fund.
2.4 2.4. Amcor will only be required to make contributions to one of the nominated funds in clause 2.2 for each employee, covering all company employer and employee contributions, whether before tax or after tax. Amcor will remit all member and employer contributions (including salary sacrifice contributions) to the employee’s nominated superannuation fund within 28 days of the end of the calendar month for which the payment is being made.
2.5 2.5. Employer contributions will be paid at the rate of 9% of Ordinary Time Earnings (or such higher rate as prescribed by Superannuation Guarantee legislation).
2.6 2.6. Ordinary Time Earnings for permanent employees will be based on the employee’s base pay rate, tool allowance, leading hand allowance and any other all purpose wage related allowance and shift loading, including weekend and public holiday rates where the shift worked is part of the employee’s ordinary rostered hours of work. These components of pay will be calculated for the employee’s ordinary rostered hours of work. All other allowances and payments, including overtime are excluded. For casual employees, Ordinary Time Earnings will be based on the employee’s base pay rate, casual loading, shift loading, tool allowance, leading hand allowance and any other all purpose wage related allowance, including weekend and public holiday rates, for all hours worked which do not attract overtime penalties. All other allowances and payments, including overtime are excluded.
2.7 2.7. Any administration fees and insurance premiums charged by the chosen superannuation fund will be deducted from the employee’s superannuation account.
2.8 2.8. Employees can choose to make voluntary contributions on a before tax or after tax basis. Employees may change the amount of their voluntary contributions upon giving one month’s prior written notice to Amcor.
2.9 2.9. Subject to the rules of the funds, employees may elect to switch between the nominated accumulation funds once in each 12 month period.
2.10 2.10. Amcor will implement a change of fund request in payroll within 2 months of the employee providing ABS Payroll with a properly completed transfer form and membership application form for their nominated fund.
2.11 2.11. Any costs levied by a fund as a result of a decision by an employee to change superannuation funds, for example fund exit fees, will be met by the employee.
Appears in 1 contract
Samples: Canning Vale Operation Agreement
