REMUNERATION PACKAGING. Where agreed between the employer and an employee, the employer may introduce remuneration packaging. The terms and conditions of such a package may make provision for a salary greater than that contained in the salary band. The package overall shall not be less favourable than the entitlements otherwise available under this Agreement on a global or overall basis and shall be subject to the following provisions:
(a) the employer shall ensure that the structure of any package complies with taxation and other relevant laws;
(b) the employer shall confirm in writing to the employee the classification level and the current salary payable as applicable to the employee under this Agreement;
(c) the employer shall advise the employee in writing of his or her right to choose payment of that salary referred to in sub-clause (b) above instead of a remuneration package;
(d) the employer shall advise the employee, in writing, that all Agreement conditions, other than the salary and those conditions as agreed in sub-clause (e) below shall continue to apply;
(e) where packaging arrangements apply, hours of work shall be consistent with section 226 of the Act;
(f) when determining the remuneration package, the non-salary fringe benefit shall be in accordance with relevant Australian Taxation Office legislation;
(g) a copy of the agreement shall be made available to the employee;
(h) the employee shall be entitled to inspect details of the payments made under the terms of this agreement;
(i) the configuration of the remuneration package shall remain in force for the period agreed between the employee and the employer;
(j) where at the end of the agreed period the full amount allocated to a specific benefit has not been utilised, by agreement between the employer and the employee, an unused amount may be carried forward to the next period, or paid as salary which will be subject to usual taxation requirements;
(k) remuneration packaging is only offered on the strict understanding and agreement that in the event existing taxation law is changed regarding Fringe Benefit Tax or personal tax arrangements, and that change may impact on this agreement, all salary packaging arrangements may at the discretion of the employer be terminated. Upon termination in these circumstances the employee’s rate of pay will revert to the rate of pay that applied immediately prior to a salary packaging agreement made pursuant to this clause, or the appropriate Agreement rate of pay whichever is ...
REMUNERATION PACKAGING. 23.1 This clause shall apply if the School wishes to facilitate the provision of salary and benefit packages to individual members of staff covered by this Agreement.
23.2 For the purposes of this clause:
(a) ‘Benefits’ means the benefits nominated by the employee from the benefits provided by the School and listed in sub-clause 23.5.
REMUNERATION PACKAGING. 14.1 Where agreed between the employer and an employee, the employer may introduce remuneration packaging. The terms and conditions of such a package may make provision for a salary greater than that contained in the salary band. The package overall shall not be less favourable than the entitlements otherwise available under this Agreement on a global or overall basis and shall be subject to the following provisions:
(a) the employer shall ensure that the structure of any package complies with taxation and other relevant laws;
(b) the employer shall confirm in writing to the employee the classification level and the current salary payable as applicable to the employee under this Agreement;
(c) the employer shall advise the employee in writing of his or her right to choose payment of that salary referred to in sub-clause (b) above instead of a remuneration package;
(d) the employer shall advise the employee, in writing, that all Agreement conditions, other than the salary and those conditions as agreed in sub-clause
(e) below shall continue to apply;
REMUNERATION PACKAGING. 4.5.1 An Employee may, by agreement with the Employer, enter into a remuneration packaging arrangement in accordance with the Employer’s Salary Packaging Guidelines and Agreement or any similar remuneration packaging arrangement offered by the Employer.
4.5.2 Remuneration packaging is an arrangement whereby the entitlements under this Agreement, contributing toward the Total Employment Cost (as defined in sub- clause 4.5.3 of an Employee, can be reduced by and substituted with other benefit/s.
4.5.3 For the purposes of this clause, Total Employment Cost (TEC) is defined as the cost of salary and other benefits aggregated to a total figure or TEC, less the cost of Compulsory Employer Superannuation Guarantee Contributions.
4.5.4 The TEC for the purpose of remuneration packaging, is calculated by adding:
a) the Base salary;
b) other cash allowances, e.g. annual leave loading;
c) non cash benefits, e.g. Superannuation, motor vehicle etc;
d) any Fringe Benefit tax liabilities currently paid; and
e) any variable components, where commuted or annualised.
4.5.5 Where an Employee enters into a remuneration packaging arrangement the Employee will be required to enter into a separate written agreement with the Employer that sets out the terms and conditions of the arrangement, including an irrevocable signed agreement to allow the Employer to deduct from the Employee’s wages any outstanding liabilities to be paid.
4.5.6 Notwithstanding any remuneration packaging arrangement, the wage rates specified in Schedule 1 are the basis for calculating related entitlements specified in this Agreement.
4.5.7 The remuneration packaging arrangement must be cost neutral in relation to the total cost to the Employer.
4.5.8 The remuneration packaging arrangement must also comply with relevant taxation laws and the Employer will not be liable for any additional tax, penalties or other costs payable or which may become payable by the Employee.
4.5.9 In the event of any increase or additional payments of tax or penalties associated with the employment of the Employee or the provision of Employer benefits under the remuneration packaging arrangement, such tax, penalties and any other costs shall be borne by the Employee.
4.5.10 In the event of significant increases in Fringe Benefit Tax liability or administrative costs relating to arrangements under this clause, the Employee may vary or cancel a remuneration packaging arrangement.
4.5.11 The cancellation of a remuneration packaging ar...
REMUNERATION PACKAGING. 13.1 Upon receiving a written election for a remuneration packaging arrangement from the Employee and provided there is no additional cost to the Employer, the Employer is prepared to offer the Employee the opportunity to receive part of the Employee’s remuneration in the form of non-cash benefits in line with legislation and Australian Taxation Office rulings until otherwise advised.
13.2 Any arrangement between the Employer and the Employee in relation to remuneration packaging will be entered into by way of a subsidiary agreement varying the Employee’s conditions of employment.
REMUNERATION PACKAGING.
(1) A practitioner may elect to enter into a remuneration packaging arrangement.
(2) A practitioner may elect to salary sacrifice up to a maximum of 50% of the practitioners total remuneration.
(3) The remuneration packaging arrangement entered into shall be by separate written agreement with the Employer which sets out the terms and conditions of the arrangement provided that the terms of such agreement shall comply with the terms of this clause.
(4) Such agreement shall be formulated on the basis that, on balance, there shall be no material disadvantage to the practitioner concerned, and shall be cost neutral in relation to the total employment cost to the Employer.
(5) The salary packaging arrangement must comply with relevant taxation laws and the Employer will not be liable for additional tax, penalties or other costs payable or which may become payable by the practitioner.
(6) A practitioner may elect to cancel any remuneration packaging arrangement by giving a minimum of four weeks’ notice.
(7) The Employer may elect to cancel any remuneration packaging arrangement by giving a minimum of four weeks’ notice if the Employer incurs a liability to pay fringe benefits tax or any other tax in respect of the non-cash benefits provided, provided that the Employer cannot retrospectively cancel any remuneration packaging arrangement.
(8) Notwithstanding subclauses (6) and (7) the Employer and the practitioner may agree to forgo the notice period.
(9) The cancellation of remuneration packaging will not cancel or otherwise effect the operation of this Agreement.
(10) Any dispute arising from the operations of this clause will be dealt with in accordance with the relevant dispute settlement provisions.
(11) If there is an adverse change in the FBT arrangements, the parties shall meet as a matter of urgency with a view to minimising such adverse effect and the practitioner shall be given the choice of reviewing their arrangements or meeting the cost of any additional FBT.
REMUNERATION PACKAGING. (a) With an employee’s agreement, WaterNSW may introduce total remuneration or salary packaging for that employee according to XxxxxXXX policy. This will include the option for salary sacrifice into a superannuation fund.
(b) Total remuneration packaging allows an employee to seek a combination of cash salary and benefits within their ordinary pay to suit the employee’s individual needs. It also creates an opportunity to increase disposable income.
REMUNERATION PACKAGING. A Clinical Academic and the Employer will have same Remuneration Packaging obligations and entitlements as are prescribed in the Medical Practitioners Industrial Agreement.
REMUNERATION PACKAGING. 15.1 Upon receiving a written election for a remuneration packaging arrangement from the Employee and provided there is no additional cost to the Company, the Company is prepared to offer the Employee the opportunity to receive part of the Employee’s remuneration in the form of non-cash benefits in line with legislation and Australian Taxation Office rulings until otherwise advised.
15.2 Any arrangement between the Company and the Employee in relation to remuneration packaging will be entered into by way of a subsidiary written agreement varying the Employee’s conditions of employment.
REMUNERATION PACKAGING. An Employee may, by agreement with the Employer, enter into a remuneration packaging arrangement in accordance with the Employer’s Salary Packaging Guidelines and Agreement or any similar remuneration packaging arrangement offered by the Employer. Remuneration packaging is an arrangement whereby the entitlements under this Agreement, contributing toward the Total Employment Cost (as defined) of an Employee, can be reduced by and substituted with another, or other benefits. For the purposes of this clause, Total Employment Cost (TEC) is defined as the cost of salary and other benefits aggregated to a total figure or TEC, less the cost of Compulsory Employer Superannuation Guarantee Contributions. The TEC for the purpose of remuneration packaging, is calculated by adding: the base salary; other cash allowances, e.g. Annual leave loading non-cash benefits, e.g. Superannuation, motor vehicle etc. any Fringe Benefit tax liabilities currently paid; and any variable components, where commuted or annualised. Where an Employee enters into a remuneration packaging arrangement the Employee will be required to enter into a separate written agreement with the Employer that sets out the terms and conditions of the arrangement, including an irrevocable signed agreement to allow the Employer to deduct from the Employee’s wages any outstanding liabilities to be paid. Notwithstanding any remuneration packaging arrangement the wage rates specified in Schedule A – Wage Tables are the basis for calculating related entitlements specified in this Agreement. The remuneration packaging arrangement must be cost neutral in relation to the total cost to the Employer. The remuneration packaging arrangement must also comply with relevant taxation laws and the Employer will not be liable for any additional tax, penalties or other costs payable or which may become payable by the Employee. In the event of any increase or additional payments of tax or penalties associated with the employment of the Employee or the provision of Employer benefits under the remuneration packaging arrangement, such tax, penalties and any other costs shall be borne by the Employee. In the event of significant increases in Fringe Benefit Tax liability or administrative costs relating to arrangements under this clause, the Employee may vary or cancel a remuneration packaging arrangement. The cancellation of a remuneration packaging arrangement will not cancel or otherwise affect the operation of this Agreement. T...
