Calculation of Superannuation Contributions Sample Clauses

Calculation of Superannuation Contributions. For the purposes of clause 12.1, the School will contribute the charge percentage (as defined in the SGAA) of the notional earnings base for a quarter (as defined in the SGAA) ('Quarter') being the Teacher's 'basic earnings' as defined below. For the purposes of this clause, ‘basic earnings’ shall mean in respect of any Quarter: (i) the minimum annual rate of salary prescribed from time to time for the Teacher by clause 7.4 for any Quarter; and (ii) the amount of any: (A) allowance prescribed from time to time for the Teacher by clause 8 or Schedule 2 – Particular Conditions of Teachers employed in Pre-Schools and other Early Childhood Services or Schedule 3 (B) pro-rata payment for non-term time made to the Teacher pursuant to clause 17; (C) any other payment defined as “Ordinary Time Earnings” in the SGAA. up to the maximum contribution base, as defined in the SGAA, in respect of any Quarter.
AutoNDA by SimpleDocs
Calculation of Superannuation Contributions. Superannuation contributions paid by the Employer will be calculated and paid on: (a) ordinary time earnings as defined in the Superannuation Guarantee (Administration) Act 1992 (Cth) calculated on the Employee's pre salary packaging earnings, and (b) any additional amounts consistent with the trust deed of the superannuation fund; and (c) any payment for a period of paid parental leave under clause 58.6 until the FFPPOOA 22 August 2023, after which superannuation shall be paid on parental leave (paid and unpaid) in accordance with subclause 25.7.
Calculation of Superannuation Contributions. (a) Superannuation contributions paid by the Employer will be calculated and paid on: (i) ordinary time earnings as defined in the Superannuation Guarantee (Administration) Act 1992 (Cth) of $450 or more per month, calculated on the Employee’s pre salary packaging earnings; and (ii) any additional amounts consistent with the trust deed of the superannuation fund. (b) The Employer will also make a superannuation contribution on the paid parental leave at subclauses 70.5(a)(i) and 70.10(b)(ii), equivalent to that required by relevant legislation if such payments were deemed ordinary time earnings.
Calculation of Superannuation Contributions. Superannuation contributions paid by the Employer will be calculated and paid on: (a) ordinary time earnings as defined in the Superannuation Guarantee (Administration) Act 1992 (Cth) calculated on the Employee’s pre salary packaging earnings, and (b) any additional amounts consistent with the trust deed of the superannuation fund. (c) any payment for a period of paid parental leave under subclauses 60.5(a)(i) or 60.5(a)(ii) from 13 September 2018.
Calculation of Superannuation Contributions. (a) For the purposes of clause 11.1, the College will contribute the charge percentage (as defined in the SGAA) (currently nine per cent) of the notional earnings base for a quarter (as defined in the SGAA) (“Quarter”) being the employee’s “basic earnings” as defined below. (b) For the purposes of this clause, “basic earnings” shall mean in respect of any Quarter, the minimum weekly or hourly rate of pay prescribed by the Award for the employee.
Calculation of Superannuation Contributions. For the purposes of clause 12.1, the School will contribute the charge percentage (as defined in the SGAA) (currently 9%) of the notional earnings base for a quarter (as defined in the SGAA) ('Quarter') being the Teacher's 'basic earnings' as defined below. For the purposes of this clause, 'basic earnings' shall mean in respect of any Quarter: (a) the minimum annual rate of salary prescribed from time to time for the Teacher by clause 7 for any Quarter; and (b) the amount of any: (i) allowance prescribed from time to time for the Teacher by clause 8; and (ii) pro-rata annual leave payment made to the Teacher pursuant to clause 17; up to the maximum contribution base, as defined in the SGAA, in respect of any Quarter.
Calculation of Superannuation Contributions. (a) For the purposes of clause 11.1, the College will contribute the charge percentage (as defined in the SGAA) (currently nine per cent) of the notional earnings base for a quarter (as defined in the SGAA) (“Quarter”) being the Teacher’s “basic earnings” as defined below. (b) For the purposes of this clause, “basic earnings” shall mean in respect of any Quarter: (i) the minimum annual rate of salary prescribed from time to time for the Teacher by clause 3, Salary Scales, of the Award for any Quarter; and (ii) the amount of any: (A) allowance prescribed from time to time for the Teacher by clause 7.3 and 7.4 of the Award referred above; and (B) pro-rata annual leave payment made to the Teacher pursuant to clause 5, Pro-rata Annual Leave Payment, of the Award; up to the maximum contribution base, as defined in the SGAA, in respect of any Quarter.
AutoNDA by SimpleDocs
Calculation of Superannuation Contributions. In accordance with the Act, the definition of Ordinary Time Earnings (OTE) does not include overtime. For the purposes of this agreement the method of calculation for Superannuation purposes shall be based on the first 40 ordinary time hours at the loaded flat rate or parts thereof. All time spent on Away from Cairns Work rates shall also count for Superannuation. The Employer undertakes to make contributions in accordance with legislative requirements.

Related to Calculation of Superannuation Contributions

  • Superannuation fund Unless, to comply with superannuation legislation, the employer is required to make the superannuation contributions provided for in Clause 24(b) to another superannuation fund that is chosen by the employee, the employer must make the superannuation contributions provided for in Clause 24(b) and pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) to one of the following superannuation funds: (i) Health Employees Superannuation Trust of Australia (HESTA); (ii) any superannuation fund to which the employer was making superannuation contributions for the benefit of its employees before 12 September 2008, provided the superannuation fund is an eligible choice fund and is a fund that offers a MySuper product or is an exempt public sector scheme.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!