Choice of Funds. 24.1.1 All employees shall have their choice of superannuation funds. Statewide Super will remain the default fund where employees do not advise an alternative superannuation fund for receipt of contributions.
24.1.2 All new employees will be provided with a standard choice form to enable them to select a fund in accordance with relevant superannuation legislation. For any new employee who does not provide a choice form within an appropriate period, as determined by the employer, all contributions will be paid to Statewide Super.
24.1.3 Employees may only change their choice of fund once every 12 months.
Choice of Funds. The parties agree that the employees shall have a choice of three complying funds. For the term of this Agreement these shall be (1) CBA Superannuation Fund (Moderate Growth), (2) Westpac Superannuation Fund (Moderate Growth) or (3) Superannuation Trust Australia (STA). The Company will pay any employer superannuation contributions applicable to an employee into the fund nominated.
Choice of Funds. 31.1 Choice of fund applies which gives existing and new Employees the option to nominate a superannuation fund of their choice in accordance with applicable legislation.
31.2 Unless the Employer is required to make superannuation contributions into another fund for the Employee in order to comply with applicable superannuation legislation, the Employer will make superannuation contributions into Australian Super being the nominated default fund, or its successor.
31.3 The amount of the Employer superannuation contribution will be as follows:
(a) For each Employee who is making a Salarylink Contribution to Hostplus:
(i) 3% of the greater of Member’s Salary or ordinary time earnings;
(ii) any additional contributions which the Employer is required to pay in respect of the Employee pursuant to the Trust Deed as advised by Hostplus from time to time to finance the Salarylink Benefit for the Employee; and
(iii) any additional superannuation contributions which the Employer agrees to pay in respect of the Employee.
(b) For each other Employee:
(i) contributions which the Employer must pay to a superannuation fund in respect of the Employee in order to avoid a charge under superannuation legislation; and
(ii) any additional superannuation contributions which the Employer agrees to pay in respect of the Employee.
31.4 The Hostplus rules set out in the Trust Deed in respect to Employees making a Salarylink Contribution ensure that Employees are provided with at least a minimum benefit that meets the requirements of the Superannuation Guarantee (Administration) Act 1992 (Cth).
31.5 Salary sacrificing of superannuation contributions shall be available to Employees. An Employee may elect to vary the amount of salary sacrifice paid to an eligible superannuation fund on a prospective basis at any time during the life of this Agreement. The Employee’s salary referred to in this Agreement shall be the pre-sacrificed salary. However, the parties agree that the net salary paid to an Employee will be reduced by any amount salary sacrificed to superannuation. For the purposes of this clause:
Choice of Funds. 24.2.1 Within 15 days of commencement of service with an Employer, an Employee shall be entitled to elect to have the Employer's superannuation contributions paid into the Employee's account with the Catholic Superannuation Fund, or the Australian Retirement Fund or another compliant fund.
Choice of Funds. The parties agree that until 31 December 2011, the employer will pay superannuation contributions in respect of each employee into Local Super. From 1 January 2012, all employees shall have their choice of superannuation funds. Local Super will remain the default fund where employees do not advise an alternative superannuation fund for receipt of contributions.
Choice of Funds. 28.1.1 From 8 April 2012, all employees shall have their choice of superannuation
