Deemed Superannuation Contribution/Cash Allowance. Option 1 An amount of $3,362.14 ($64.66 per week) from the first pay period on or after 1 November, 2022; and $3,378.95 ($64.98 per week) from the first pay period on or after the successful vote; and $3,488.76 ($67.09 per week) from the first pay period on or after 1 November, 2023; and; $3,514.93 ($67.59 per week) from the first pay period on or after 1 May, 2024; and $3,620.38 ($69.62 per week) from the first pay period on or after 1 November, 2024; and $3,719.94 ($71.54 per week) from the first pay period on or after 1 November, 2025 will be paid to each Employee's nominated superannuation fund in addition to any payments required under the Superannuation Guarantee Legislation or other current superannuation arrangement. This will be regarded as a deemed Employee contribution. This option may be taken in lieu of Option 2 below. This is the default option if no nomination is made. Option 2 Employees may elect to take an amount of $3,362.14 ($64.66 per week) from the first pay period on or after 1 November, 2022; and $3,378.95 ($64.98 per week) from the first pay period on or after the successful vote; and $3,488.76 ($67.09 per week) from the first pay period on or after 1 November, 2023; and; $3,514.93 ($67.59 per week) from the first pay period on or after 1 May, 2024; and $3,620.38 ($69.62 per week) from the first pay period on or after 1 November, 2024; and $3,719.94 ($71.54 per week) from the first pay period on or after 1 November, 2025 as a cash allowance (less applicable superannuation and tax). This allowance will be paid each fortnight. This option may be taken in lieu of Option 1. If Employees wish to take up Option 2, they must provide details of this nomination in writing to the Employer’s Pay Office by no later than 1 December each year. New Employees must make this nomination within 28 days of commencement of employment with the Employer. Nominations may not be changed throughout the year. If no nomination is made, the default will be as a deemed superannuation contribution as detailed in Option 1 above.
Deemed Superannuation Contribution/Cash Allowance. Option 1 An amount of $2,122.17 ($40.81 each week) for the period 1/5/08 to 30/4/09, $2,228.27 ($42.84 per week) for the period 1/5/09 to 30/4/10, and $2,339.68 ($44.93 per week) for the period 1/5/10 to 30/4/11, will be paid to each employee’s nominated superannuation fund in addition to any payments required under the Superannuation Guarantee Legislation or other current superannuation arrangement. This will be regarded as a deemed employee contribution. This option may be taken in lieu of option 2 below. This is the default option if no nomination is made. Option 2 Employees may elect to take an amount of $2,122.17 ($40.81 each week) for the period 1/1/2009 to 30/4/09, $2,228.27 ($42.84 per week) for the period 1/5/09 to 30/4/10, and $2,339.68 ($44.93 per week) for the period 1/5/10 to 30/4/11 as a cash allowance (less applicable superannuation and tax). This allowance will be paid each fortnight. This option may be taken in lieu of Option 1 above. If Employees wish to take up Option 2, they must provide details of this nomination in writing to the Cement Australia Pay Office by no later than 1 December each year. For the year beginning 1/1/2009, nominations must be received by the Pay Office by 18 December 2008. New employees must make this nomination within 28 days of commencement of employment with Cement Australia. Nominations may not be changed throughout the year. If no nomination is made, the default will be as a deemed superannuation contribution as detailed in Option 1 above.
