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.
Appears in 12 contracts
Samples: Greenfields Agreement, Greenfields Agreement, Greenfields Agreement
