Common use of Flexible remuneration packaging Clause in Contracts

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.

Appears in 2 contracts

Samples: Enterprise Agreement, Enterprise Agreement

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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 1976Xxx 0000, the Superannuation Act 1990Xxx 0000, the Superannuation Act 2005 Xxx 0000 or any other superannuation scheme, shall be as determined under the Science and Industry Research Act 1949Xxx 0000, 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 7 plus any allowance payable under this Agreement that would otherwise be treated as salary for the purposes of the officer’s superannuation scheme.. CSIRO Enterprise Agreement 2017 - 2020 9 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.

Appears in 1 contract

Samples: Enterprise Agreement

Flexible remuneration packaging. 21.1 (a) 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 (b) 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 (c) The remuneration packaging offered by CSIRO will include vehicle leasing on a salary sacrifice basisbasis with officers encouraged to select Australian made vehicles if leasing a new vehicle of a type where Australian made models are readily available. 21.4 (d) 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 7 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 (e) 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.

Appears in 1 contract

Samples: Enterprise Agreement

Flexible remuneration packaging. 21.1 (a) CSIRO offers its officers 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 (b) Officers who are considering remuneration packaging are encouraged to seek, at their own expense, financial advicecounselling. Where officers or their representatives representatives, including unions, 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 (c) The remuneration packaging offered conditions approved by CSIRO will include vehicle leasing on a salary sacrifice basisbasis with officers encouraged to select Australian made vehicles if leasing a new vehicle of a type where Australian made models are readily available. 21.4 (d) 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 7 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 (e) 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.

Appears in 1 contract

Samples: Enterprise Agreement

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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.

Appears in 1 contract

Samples: Enterprise Agreement

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.. CSIRO Enterprise Agreement 2020 - 2023 9 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.

Appears in 1 contract

Samples: Enterprise Agreement

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