Annualised Salary. The annualised salaries listed in clause 10.1 above are all inclusive and in satisfaction of:
(a) all ordinary hours worked;
(b) all overtime hours or weekend hours worked;
(c) public holidays and associated penalty rates; and
(d) shift loadings.
Annualised Salary. Your base salary includes compensation for all entitlements, benefits or payments that might otherwise be due under any industrial instrument that may apply to Your employment including overtime, penalty payments for out of hours work and working weekends and public holidays, and any other loadings, penalties, overtime or allowances. Accordingly, You will not be paid any special rates or allowances for working particular times or under particular conditions unless otherwise agreed in writing.
Annualised Salary. (a) The Company may pay Employees working a Continuous Roster an Annualised Salary for the purpose of providing consistent fortnightly earnings.
(b) The Annualised Salary is calculated by the Company to include all of the Employee’s entitlements under this Agreement, including overtime, applicable all-purpose allowances, loadings, penalty rates and public holidays.
(c) Any entitlement to flat rate allowances provided under this Agreement will be payable to an Employee in addition to their Annualised Salary.
(d) The Annualised Salary is calculated on the actual roster worked and will change accordingly if an Employee’s roster changes or if the relevant entitlements change.
(e) The Annualised salary does not include payment for unrostered overtime worked outside the Continuous Roster. The Company will pay employees for unrostered overtime in accordance with clause 10.1 of this Agreement.
(f) The annualised salary agreement will be recorded in writing with a copy given to the employee and kept as a time and wages record.
(g) The annualised salary will be no less than the amount the employee would have received under the Agreement for the work performed over the year for which the salary is paid (or if the employment ceases or the agreement terminates earlier, over such lesser period as has been worked).
(h) The Company will each 12 months from the commencement of the annualised salary arrangement or, within any 12 month period upon the termination of employment of the employee, calculate the amount of remuneration that would have been payable to the employee under the provisions of the Agreement over the relevant period and compare it to the amount of the annualised salary actually paid to the employee. Where the latter amount is less than the former amount, the Company will pay the employee the amount of the shortfall within 14 days.
(i) The Company will keep a record of the starting and finishing times of work, and any unpaid breaks taken, of each employee subject to an annualised salary arrangement for the purpose of undertaking the comparison. This record will be signed by the employee, or acknowledged as correct in writing (including by electronic means) by the employee, each pay period or roster cycle.
Annualised Salary. This is the method of paying employees an all-inclusive salary rather than paying base wages with separate payments for overtime and other allowances and penalties etc.
Annualised Salary. Employees shall receive an annualised salary payable in fortnightly instalments by direct debit into a financial institution account of the Employee’s choice. Payments will be made no later than Wednesday of pay week.
Annualised Salary. In respect of annualised salaries, the Australian Industrial Relations Commission recommended that the calculation of annualised salaries should be fair and equitable in the context of Awards and Agreements and that the Translation Review Committee, to be established by the Department as part of the implementation process, should discuss areas where concerns are held.
Annualised Salary. (Full time/Permanent Employee - Not Applicable to Casual Employees) The payment of wages on a weekly basis for full time employees is inclusive of a payment designed to compensate employees for the potential to work up to an average of 8.35 additional hours per week, Monday to Friday or Sunday to Thursday. However, the number of additional hours that is actually worked by an employee is not predetermined and will vary according to work load. The full potential additional hour’s payment will be paid to an employee regardless of whether they actually work up to and including 8.35 additional hours a week. Where an employee works less than 8.35 additional hours a week, the proportion of the potential additional hours payment relating to the shortfall will be regarded as an ex gratia payment to the employee. The average of 8.35 potential additional hours per week has been estimated on the basis of: An employee being available (but not necessarily required) to work 2 hours a day for each available weekday shift, exclusive of RDO’s, public holidays and annual leave in any 52-week year and those hours being paid at time and a half. The following calculation determines the value of the potential additional hours’ payment for each skill level. Weeks: Per Annum 52 Weeks: Annual Leave 4 Weeks: Public Holiday 2 Weeks: R.D.O 2.6 Total available weeks for Overtime: 43.4 weeks Total weekdays in 217 days Total Time and Half O.T hours at 2 per day: 434 hours Hence dividing 434 potential additional hours at time and a half by 52 pay weeks in a year, provides a Potential Additional Hours Payment of 8.35 hours at time and a half per week. The annualised salary will comprise of a fixed payment of 38 normal time hours plus 8.35 hours at time and a half (See Table 2 clause 12 for Potential Additional Hours Payment).
Annualised Salary. (a) An annualised salary will be paid based on an average of 38 hours per week in accordance with the agreed roster. The calculation for the annualised salary includes compensation for all ordinary hours, shift penalties (as per Clause 2(d) of this Schedule); any applicable personal over award and annual leave loading. Pay increases in accordance with clause 17.5 of this agreement shall apply to the annualised salary rate.
(b) All annual leave, long service leave and superannuation payments will be calculated and paid based on the annualised salary rate.
(c) The basis of calculation of the annualised salary shall be fixed for the term of this Agreement and shall be increased in accordance with clause 17.5 - Remuneration Increases - Quantum and Timing of this Agreement and / or as a result of satisfactory employee performance for those Parking Officers eligible for incremental payments within the banded classification structure.
(d) The formula used for calculating the annualised salary is as follows:
(e) The annualised salary is comprised of the total number of shifts per annum, at the applicable hourly rate (base rate plus shift penalties) for the Officer's classification. An incentive payment of $1400 per annum is incorporated into the base rate only for Parking Officers who commenced employment before 24 May 2010. The annual leave loading (17. 5% of 4 weeks salary at the initial base rate) is then added. Any salary sacrifice amounts (e.g. vehicle, superannuation, etc.) are then subtracted to give an annual cash salary. This annual cash salary is then divided by the number of hours per year to arrive at an annualised hourly rate. The aim is to provide a reasonably consistent fortnightly salary. Superannuation is calculated and based on the annualised salary, in accordance with relevant legislation.
Annualised Salary. (a) By agreement between IAG and the majority of Shift Workers in a particular Business Unit, a pay system may be introduced which “averages” pay over the period of the roster and takes into account all loadings, allowances or penalty rates an Employee would have received including for public holidays under this Agreement.
(b) Under such arrangement, the Shift Worker shall be no worse off than if the applicable shift loadings, allowances or penalty rates under this Agreement applied to the shifts actually worked by the Shift Worker.
Annualised Salary. (a) Midwives working in a caseload model will be paid an annualised salary in recognition of flexible patterns of work to provide continuity of care. The annualised salary is the ordinary rate of pay as set out in Schedule One – Wages and an all purpose loading of 30%, which is in compensation for ordinary hours worked and for the following:
(i) Public holiday penalty rates;
(ii) Saturday shift penalty rates;
(iii) Sunday shift penalty rates;
(iv) Afternoon shift penalty rates;
(v) Night shift penalty rates;
(vi) Meal allowances relating to overtime;
(vii) Overtime payments, except as provided for in clause 3.6, (excess hours), including re-call payments;
(viii) On-call allowances; and
(ix) Annual leave loading on five weeks annual leave.
(b) Six months after a caseload model is adopted at a centre, the adequacy of the annualised salary loading will be reviewed in accordance with agreed criteria.
(c) Midwives working in a team or core midwifery model are not eligible for an annualised salary.
