Income Protection Insurance. The employer shall participate in a income protection scheme and shall make relevant contributions on behalf of all employees to provide for the payment of income protection benefits to employees.
Income Protection Insurance. The Employer shall provide Income Protection Insurance through an ETU nominated policy and scheme. It is agreed that the premium will be collected and administered by the “Protect” Severance Scheme at the same time as severance payments are made. Income protection will be paid for the employees and will be paid for all periods of authorised absence and cannot be on a pro-rata basis. It is agreed the Income Protection Insurance payments are paid on a monthly basis by the 14th day of each month. It is agreed that if the Employer has not made a valid or current insurance payment to “Protect”, the Employer shall be liable for any loss of earnings or benefits that would have otherwise been given to the employee. The rates of payment and cover shall be as follows: From 1/1/06 to 28/2/07* From 1/3/07 to 31/12/08* From 1/1/09* Tradesperson’s Premium $19.70 per week $20.90 per week $24.00 per week** Apprentice Premium $12.50 per week $13.50 per week $19.90 per week** * These rates are inclusive of GST and stamp duty. ** These are the premium rates and levels of cover that shall apply, unless reduced by the agreement of NECA and the ETU. It is the intention of NECA and the ETU to seek a lower premium. The premium rates and level of cover shall not exceed the amounts set out in the final column of the table above. The insurance benefits contained in this Policy will not be reduced during the life of this Agreement.
Income Protection Insurance. The Company shall provide Income Protection Insurance through an ETU nominated policy and scheme. It is agreed that the premium will be collected and administered by the “Protect” Severance Scheme at the same time as severance payments are made. Income protection will be paid for all employees and will be paid for all periods of authorised absence and cannot be on a pro-rata basis. It is agreed the Income Protection Insurance payments are paid on a monthly basis by the 14th day if each month. It is agreed that if a Company has not made a valid or current insurance payment to “Protect” the Company shall be liable for any loss of earnings or benefits that would have otherwise been given to the employee. The rates of payment shall be $14.50 for tradespersons, $9.00 for apprentices per week for the life of this Agreement. The insurance benefits contained in the policy will not be reduced for the life of this Agreement. It is noted that income is received by the ETU Distress, Mortality and Training Funds (Trust) as a result of this policy. Details are provided by PROTECT on behalf of the ETU. Any income received by the Trust shall not be used to fund industrial matters against the interests of the Company. Income shall only be used in accordance with the Trust Deed. Copies of the audit of the Trust shall be available to the parties on request.
Income Protection Insurance. 41.1 The provisions of Clause 29 of this agreement will also apply to persons on regular daily hire.
Income Protection Insurance. 29.1 The Employer shall provide Income Protection Insurance through an ETU nominated policy and scheme. It is agreed that the Income Protection Insurance payment will be collected and administered by the “Protect” Severance Scheme at the same time as severance payments are made. The Income Protection Insurance payments will be paid for the Employees and will be paid for all periods of authorised absence and cannot be on a pro- rata basis.
29.2 It is agreed the Income Protection Insurance payments are paid on a monthly basis by the 14th day of each month. It is agreed that if the Employer has not made a valid or current insurance payment to “Protect”, the Employer shall be liable for any loss of earnings or benefits that would have otherwise been given to the Employee.
29.3 The Income Protection Insurance payments and cover is as follows: From date of operation of agreement From 1 October 2022 Tradesperson’s rate $33.45 per week $38.50 per week For Cover $1,600.00 $1,800.00 Apprentice rate $22.95 per week $22.95 per week * These rates are inclusive of GST and stamp duty.
Income Protection Insurance. It is a term of the Agreement the Company will pay Income Protection Insurance under the Electric Top Up fund (or other agreed fund) from the date of agreement.
Income Protection Insurance. (1) The Company will contribute up to a maximum of 1.8% (exclusive of GST and Stamp Duty) of their Employees’ gross earnings to Wage Guard for an income insurance plan. In the event the claims experience requires a review of the insurance plan, the adjustment will be to the plan and not the Company’s insurance premium.
(2) The Income Protection Policy implemented by the Company shall seek to provide the following, subject to premium cost:
(a) cover for 100% of an Employee’s average earnings up to a maximum of $2,000.00 (whichever is less) for 104 weeks applying to personal injury or sickness (other than illnesses or injuries not normally covered by the Company’s policy);
(b) an excess (waiting) period of 14 days (except sporting injuries – 28 days) applying to personal injury or sickness;
(c) cover for casual Employees with greater than one week’s continuous employment under the Agreement;
(d) a requirement that claimant Employees undertake reasonable rehabilitation programmes as directed by the Company and/or the insurer;
(e) all Employees making a claim for a period of absence will be reviewed immediately and thereafter on a regular basis as requested by the Company’s nominated medical examiner;
(f) In the event that the claims experience necessitates, in the view of the Company, a review of the insurance policy under this enhanced benefit, discussions will be held with Parties to this Agreement, any adjustments that are determined necessary by the Company shall be made to the policy entitlements and not the maximum premium set out above;
(g) the general insurance code of practice shall apply including operation of a claims review panel run by Insurance Enquiries and Complaints Ltd (IEC); and
(h) An Employee may request, and be provided, a copy of the relevant policy within 7 days.
(3) Where an Employee is in receipt of income protection insurance payments, they shall not be entitled to any other payments under this Agreement.
Income Protection Insurance. 19.1 The Company shall pay full wages including normal penalties, loadings and allowances for all time an employee is unable to attend work due to accident, illness or injury.
19.2 However, the Company will not have to comply with 21.1 as long as the Company provides and maintains income protection insurance for sickness and accident for all employees covered by this Agreement. Such income protection insurance must be obtained by the Company through a provider agreed between the parties although the Company shall not be required to contribute greater than 2.2% of payroll (including tax) for such insurance during the life of this Agreement.
19.3 The Company shall effect the necessary insurance with an income protection insurance provider within 7 days of the with income protection insurance provider being agreed or determined.
19.4 The Company shall pay employees their benefits under this clause weekly. If an income protection insurance provider is used, benefits must commence as soon as the income protection insurance provider approves the claim.
Income Protection Insurance. (1) Employees working under this Agreement shall be covered by an Income Protection Insurance scheme provided by the Project which shall deliver the following policy benefits:
(a) cover for 100% of an Employee’s average earnings up to a maximum of $1,800.00, whichever is less, for 104 weeks, applying to personal injury or sickness (other than illnesses or injuries not normally covered by the Company’s insurance policy);
(b) an excess (waiting) period of 14 days (except sporting injuries – 28 days) applying to personal injury or sickness;
(c) cover for casual Employees with greater than one (1) week’s continuous employment under the Agreement; and
(d) the general insurance code of practice shall apply, including operation of a claims review panel run by Insurance Enquiries and Complaints (IEC) Ltd.
Income Protection Insurance.
(1) The Company will provide at no cost to the employee, income protection insurance for the duration of their time on the Project in accordance with the Company's existing practices and policies on this issue and as set out below:
(a) cover for 100% of an Employee's average earnings up to a weekly maximum of the values shown in the table below at 14(1)(a), whichever is less, for 104 weeks, applying to personal injury or sickness (other than illnesses or injuries not normally covered by the Company’s insurance policy). These amounts will apply from the first pay period commencing on or after the dates indicated: $2,627.00 $2,692.00 $2,760.00 $2,829.00 $2,900.00
(b) an excess (waiting) period of 14 days (except sporting injuries – 28 days) applying to personal injury or sickness;
(c) cover for casual Employees with greater than one (1) week’s continuous employment under the Agreement; and
(d) the General Insurance Code of Practice or the Life Insurance Code of Practice (whichever is applicable) shall apply, including the external dispute resolution processes undertaken by the Australian Financial Complaints Authority (AFCA).
(2) The cost to the Company shall not exceed 1.8% (plus GST) of employees’ gross earnings.
(3) Where an employee is in receipt of income protection insurance payments they shall not be entitled to any other payments under this Agreement.
(4) The Company will ensure Employees who are covered under:
(a) Electrical and Plumbing classifications, the above Income Protection will be taken out through Protect; and
(b) for all other classifications, the above Income Protection will be taken out through WageGuard. 15 SUPERANNUATION This contribution shall be made to the Cbus or Australian Super Superannuation Funds as long as it is a MySuper fund, or any other complying Superannuation Fund nominated by the employee.
