Common use of ANNUALISED RATES Clause in Contracts

ANNUALISED RATES. ‌ 27.1 The University may implement annualised salary rates for part-year employees or for employees in positions which require irregular hours. The annualised salary will incorporate overtime and/or penalty rates previously paid for "out of hours" work. 27.2 Any incorporated amount which may be introduced pursuant to sub-clause 27.1 will be: (i) adjusted using the same calculation for changes in the base salary for the position; (ii) recognised for all paid leave, superannuation and termination purposes; (iii) paid as compensation for irregular hours and the exclusion of penalty payments in respect of interrupted meal breaks and failure to receive the recognised breaks between the work of successive days; and (iv) fixed as inclusive of overtime and/or penalty rates and all incidents of employment involving after hours duty other than accommodation and meal allowances. 27.3 The implementation of an annualised salary rate may only occur following consultation with the affected employee. 27.4 Annualised salary not to disadvantage employees (i) The annualised salary must be no less than the amount the employee would have received under this Agreement for the work performed over the year for which the salary is paid (or if the employment ceases earlier over such lesser period as has been worked). (ii) The annualised salary of the employee may be reviewed once a year, on request by either party to ensure that the compensation is appropriate having regard to the Agreement provisions which are satisfied by the payment of the annualised salary.

ANNUALISED RATES. ‌ 27.1 The University may implement annualised salary rates for part-year employees or for employees in positions which require irregular hours. The annualised salary will incorporate overtime and/or penalty rates previously paid for "out of hours" work. 27.2 Any incorporated amount which may be introduced pursuant to sub-clause 27.1 will be: (i) adjusted using the same calculation for changes in the base salary for the position; (ii) recognised for all paid leave, superannuation and termination purposes; (iii) paid as compensation for irregular hours and the exclusion of penalty payments in respect of interrupted meal breaks and failure to receive the recognised breaks between the work of successive days; and (iv) fixed as inclusive of overtime and/or penalty rates and all incidents of employment involving after hours duty other than accommodation and meal allowances. 27.3 The implementation of an annualised salary rate may only occur following consultation with the affected employee. 27.4 Annualised salary not to disadvantage employees (i) The annualised salary must be no less than the amount the employee would have received under this Agreement for the work performed over the year for which the salary is paid (or if the employment ceases earlier over such lesser period as has been worked). (ii) The annualised salary of the employee may be reviewed once a year, on request by either party to ensure that the compensation is appropriate having regard to the Agreement provisions which are satisfied by the payment of the annualised salary.