Flexible remuneration packaging. (1) An employee may elect to sacrifice salary for non‑monetary benefits.
(2) The employee must pay fringe benefits tax and administrative costs incurred because of the election.
(3) For more information about flexible remuneration packaging, employees should consult: for AGS employees – the AGS Employment Handbook; and for other employees – the AGD Employee Relations Advice Salary Packaging Policy and Procedures.
Flexible remuneration packaging. 21.1 CSIRO offers flexible remuneration arrangements on a salary sacrifice basis. The arrangements provide for packaging under conditions approved by CSIRO on the basis of no extra cost to CSIRO. Additional costs such as Fringe Benefits Tax, other taxes and administrative costs will be met by the officer as part of the arrangement.
21.2 Officers who are considering remuneration packaging are encouraged to seek, at their own expense, financial advice. Where officers or their representatives arrange visits by financial advisers, these advisers may only enter the site with the prior agreement of management and may make presentations to officers at times agreed by management.
21.3 The remuneration packaging offered by CSIRO will include vehicle leasing on a salary sacrifice basis.
21.4 Where a remuneration package contains benefits wholly or partly provided by salary sacrifice, the officer’s annual rate of salary, for the purposes of the Superannuation Act 1976, the Superannuation Act 1990, the Superannuation Act 2005 or any other superannuation scheme, shall be as determined under the Science and Industry Research Act 1949, provided that the officer’s annual rate of salary for this purpose shall not be less than the salary rate applicable to the officer under Schedule 6 plus any allowance payable under this Agreement that would otherwise be treated as salary for the purposes of the officer’s superannuation scheme.
21.5 Where an officer enters into a salary sacrifice arrangement, the officer’s salary for the purposes of other terms and conditions of employment that reference an officer’s salary, shall be the amount that would otherwise be treated as salary for those purposes had the salary sacrifice arrangement not been in place.
Flexible remuneration packaging. 48.1 Employees have access to flexible remuneration packaging in accordance with legislation and government policy. Employees may sacrifice up to 100% of their remuneration package for all agreed items as prescribed in the relevant Finance Procedures.
48.2 Where an employee takes up the option of salary sacrificing/packaging, the employee’s salary for the purposes of superannuation, severance and termination payments, and any other purpose, will be determined as if the salary packaging arrangements had not occurred.
48.3 The employee must meet any fringe benefits tax incurred as a result of the salary packaging arrangement. The APVMA will meet reasonable, internal administrative costs of operating the salary packaging facility.
Flexible remuneration packaging. Employees may choose to sacrifice part of their salary for a range of non-cash benefits in accordance with legislation and government policy.
Flexible remuneration packaging. 20.1 Employees may have access to Flexible Remuneration Packaging. This allows employees to receive non-salary benefits in lieu of salary. IBA guidelines on Flexible Remuneration Packaging will provide the basis for the administration and operation of the scheme. Employees must provide IBA with a written election to enter into Flexible Remuneration Packaging.
20.2 The key features of the scheme are:
(a) the scheme operates at no cost to IBA;
(b) participation is entirely voluntary;
(c) employees are encouraged to obtain financial advice to be able to participate in the scheme; and
(d) salary for superannuation, severance and termination purposes where an employee has elected to convert part of their salary to non-salary benefits shall be determined as if those arrangements did not exist; and
(e) salary sacrifice superannuation contributions will not reduce IBA’s contributions under Clause 21.
Flexible remuneration packaging. 24.1 Flexible Remuneration Packaging (Pre-tax Superannuation) is available to Staff covered by this Agreement on a salary sacrifice basis. Under Flexible Remuneration Packaging, Staff may choose to sacrifice up to 50% of their pre-tax salary in return for the pre-tax superannuation benefits or vehicle leasing as outlined in AIMS’ Flexible Remuneration Procedure. The salaries at Schedule 2 Table 1 will be used when determining salary for all purposes including superannuation, severance and termination payments.
24.2 Flexible Remuneration Packaging is offered to Staff on the basis that it will involve no additional cost to AIMS. Accordingly, any Fringe Benefits Tax and administrative costs incurred as a result of Flexible Remuneration Packaging arrangements will be met by the Staff Member on a salary sacrifice basis. Staff entering into Flexible Remuneration Packaging will also be required to demonstrate that they have first received professional independent financial advice.
Flexible remuneration packaging. 42.1 Voluntary access to flexible remuneration packaging will be made available to employees on a salary sacrifice basis in accordance with policies and guidelines issued by the Commissioner for Public Administration from time to time.
42.2 The employee will meet all costs incurred as a result of remuneration packaging under these provisions.
42.3 The employee's salary for superannuation purposes and severance and termination payments will be the gross salary that the employee would receive if the employee were not taking part in flexible remuneration packaging.
42.4 Changes to flexible remuneration packaging arrangements, including taxation changes, will not be a cause for further claims against the Agency.
42.5 The Agency will continue to provide appropriate information to employees concerning flexible remuneration packaging.
Flexible remuneration packaging. 14.1 Employees may have access to a flexible remuneration packaging scheme. The scheme allows an employee to receive non-salary benefits in lieu of salary.
14.2 The key requirements of the scheme are that:
(i) the scheme operates at no cost to DHA;
(ii) participation is entirely voluntary; and
(iii) employees may be required to obtain financial advice to be able to participate in the scheme.
14.3 Salary for superannuation, severance and termination purposes for an employee, who has elected to convert part of his or her salary to non-salary benefits, shall be determined as if the salary packaging arrangements did not exist.
Flexible remuneration packaging. 18.1 Employees will have access to Flexible Remuneration Packaging. This allows employees to receive non-salary benefits in lieu of salary. The TSRA Flexible Remuneration Packaging Guidelines provide the basis for the administration and operation of the scheme. Employees must provide the TSRA with a written election to enter into Flexible Remuneration Packaging.
18.2 Salary for superannuation, severance and termination purposes for an employee who has elected to convert part of his or her salary to non-salary benefits, shall be determined as if those arrangements did not exist.
Flexible remuneration packaging. 36.1 Flexible Remuneration Packaging is available to employees covered by this Agreement on a salary sacrifice basis in accordance with the Geoscience Australia Flexible Remuneration Packaging Policy. Items available to salary sacrifice are set out by the Australian Taxation Office.
36.2 Flexible Remuneration Packaging is being made available to employees on the basis that it will involve no additional cost to Geoscience Australia. Accordingly, any Fringe Benefits Tax and administrative costs incurred as a result of Flexible Remuneration Packaging arrangements will be met by the employee on a salary sacrifice basis.
36.3 Where an employee takes up the option of salary packaging, the employee's salary for all purposes will be determined occurred.
