Occupational Superannuation. 16.1 The subject of superannuation is dealt with extensively by legislation including the Superannuation Guarantee (Administration) Act 1992, the Superannuation Guarantee Charge Act 1992, the Superannuation Industry (Supervision) Act 1993 and the Superannuation (Resolution of Complaints) Act 1993. This legislation, as varied from time to time, governs the superannuation rights and obligations of the parties.
16.2 The Employer shall make occupational superannuation contributions to the Fund. ‘The Fund’ for the purpose of this Agreement shall mean:
(a) Health Employees Superannuation Trust of Australia ('HESTA') established and governed by a trust deed 23 July 1987, as may be amended from time to time, and includes any superannuation scheme which may be made in succession thereto;
(b) Aware Super (Formerly First State Superannuation) or
(c) Any other complying fund upon a request from the Employee and with the consent of the Employer.
16.3 The Employer shall participate in accordance with the trust fund deeds. The Employer shall make application to the Fund to become a participating Employer in the Fund and shall become a participating Employer upon acceptance by the Trustee of the Fund.
16.4 Upon commencement of employment, the Employer shall provide each Employee with membership forms for the funds listed in Clauses 16.2(a) and 16.2(b) above and shall forward the completed membership forms for the Employee's choice of fund within 28 days. In the event that the Employee has not completed an application form within 28 days, the Employer shall forward contributions and Employee details to HESTA.
16.5 Each Employee shall be eligible to receive contributions from the date of eligibility, notwithstanding the date the membership application prescribed in Clause 16.4 was forwarded to the Fund.
16.6 The Employer will contribute to the Fund, on behalf of each Employee, the percentage of ordinary time earnings required by legislation, calculated to the nearest ten cents (any fraction below five cents shall be disregarded). Contributions will be made monthly on behalf of each Employee regardless of the Employee’s age in any month.
16.7 ‘Ordinary time earnings’ are currently defined by the legislation and includes allowances for ordinary hours of work. Such allowances include those such as shift, qualification and leader allowances. However, they do not include those that arise during overtime (such as meal allowance) other than in circumstances required by legislation...
Occupational Superannuation. (i) The Company shall contribute superannuation payments into the c bus Scheme, or other agreed fund,
(ii) The rate of contribution shall be based on the prescribed SGL percentage of ordinary time earnings.
Occupational Superannuation. 3.4.1 The applicable rates of contribution into a complying fund shall be as provided for under the Superannuation Guarantee (Administration) Act 1992 for Employees who earn in excess of $450 gross per month and are less than 70 years of age. The rate is currently 9% and shall be adjusted as may be provided in such Act..
3.4.2 The aforementioned is a percentage of the Employees’ ordinary time earnings. Ordinary time earnings shall not include bonuses, commission where the Employee is being paid a weekly wage, payment for overtime or other extraordinary payment, remuneration or allowance. In respect of Sales Consultants who are paid commissions only, the commissions paid shall be deemed to be ordinary time earnings for the purpose of payment of superannuation contributions under this Agreement.
Occupational Superannuation. The company will make superannuation contributions at the level prescribed by the Superannuation Guarantee Act for each eligible employee into an approved Fund nominated by the Employee. If a fund has not been nominated by the employee within the time prescribed by the Superannuation Guarantee Act then the Employer will make the payment due on behalf of the Employee to the default fund which is Colonial First State
Occupational Superannuation. 4.6.1 For the purpose of an employee enjoying a higher contribution to their occupational superannuation fund, an employer and an employee may agree at the written request of the employee that the employee will sacrifice part of their wages due under this Agreement, provided that such sacrificed part of their wages is paid by the employer to the credit of the employee in an agreed complying fund and provided further that such sacrifice arrangement is in compliance with income taxation legislation.
Occupational Superannuation. Where there is a liability by the Employer to pay Superannuation contributions under the Superannuation Guarantee (Administration) Act 1992 the employer shall contribute an amount as prescribed under the said Act and in accordance with the Act (Currently 9%) Independent of any statutory or other requirements that may apply, under the terms of this agreement the Employer is specifically required to pay the contributions into a fund that is an approved occupational superannuation fund. The date of the employer’s liability to cease making such payments will coincide with the date the employee's services are terminated.
Occupational Superannuation. 12.1 The employer shall make occupational superannuation contributions on behalf of each eligible employee at the rate of 9% of the employee’s ordinary time earnings or such higher amount as required by law to an approved fund of the employee’s choosing.
12.2 The employer shall not be required to make contributions in circumstances where an employee’s ordinary time earnings do not exceed $450.00 in any month.
12.3 For the purposes of this clause, “ordinary time earnings” shall have the meaning given to it by the ruling on ordinary time earnings promulgated by the Australian Taxation Office.
Occupational Superannuation. 22.1 The Employer will pay compulsory superannuation contributions to Employees, in accordance with and subject to Superannuation Law (subject to the statutory minimum and maximum contribution base).
22.2 Voluntary superannuation contributions may be made from either pre-tax or after-tax remuneration in accordance with a written agreement between the Employer and Employee.
22.3 For the purposes of superannuation payments, employees may nominate a complying superannuation fund that offers a MySuper product.
22.4 In the absence of a complying nomination, or a ‘stapled’ fund per Superannuation Law, the Employer will direct payments to its default fund, being HESTA (ABN: 64 971 749 321).
Occupational Superannuation. 3.2.1 Superannuation benefits will be provided by the Company to eligible employees through:-
(a) The Meat Industry Employees’ Superannuation Fund Pty Ltd (MIESF); or
(b) Retail Employee's Superannuation Trust (REST) and the Company shall participate in accordance with the REST Trust Deed; or
(c) The Australian Meat Industry Superannuation Trust (AMIST)
3.2.2 For the purposes of this clause, an “eligible employee” is an employee for whom the Company must make superannuation guarantee contributions in order to avoid a superannuation guarantee charge imposed under the Superannuation Guarantee (Administration)
Occupational Superannuation. QBuild shall pay $25.00 per fortnight additional employer superannuation contributions to QSuper for each field staff employee. This payment shall be made on a pro-rata basis for apprentices, in-line with the year of their apprenticeship (i.e. 1st year = 40%; 2nd year = 55%; 3rd year = 75%; 4th year = 90%). Wage Maintained and Mature Age apprentices shall be paid the full amount. This additional Superannuation payment shall be made in accordance with the following:
a) payable for recreation leave, sick leave, workers' compensation, rostered days off, public holidays, long service leave, other paid leave not listed and periods of leave without pay less than one day; and b) not payable for leave without pay for periods of one day or more.
