Common use of Income Protection Insurance Clause in Contracts

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. 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 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 Employeeemployee. 29.3 The Income Protection Insurance payments and cover is be as follows: From date of operation of agreement From 1 October 2022 2020 Tradesperson’s rate $33.45 31.35 per week $38.50 33.45 per week For Cover $1,600.00 1500 $1,800.00 1600 Apprentice rate $22.95 20.65 per week $22.95 per week * These rates are inclusive of GST and stamp duty.

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 be as follows: From date of operation of agreement From 1 October 2022 2023 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. ‌ 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.. 30 Consultation‌

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 2023 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.