Common use of Electronic Funds Transfer Clause in Contracts

Electronic Funds Transfer. By agreement wages will be paid by electronic funds transfer into the employee's nominated bank account on a weekly basis. 10.1 Weekly pay slips will be provided which will include the following information within the current pay week and will include: 10.2 Where the Company’s payroll system is able, the following information will be provided on pay slips: 10.3 Where the Company is unable to provide the above information in sub-clause 10.2 on employee pay slips, alternate arrangements must be made to ensure that the above mentioned items are accurately recorded and accessible to the employee and an Officer of the ETU on request. The Union is to be advised accordingly. 10.4 If through the fault of the Company, an employee who is paid by EFT is kept waiting for their wages after normal finishing time on the regular payday, the employee shall be paid at overtime rates for all hours until their pay is available or have agreed arrangements between the Company and employee provided that the employee is not disadvantaged. 10.5 Pay slips will be hand delivered or sent by regular post on the day they are