Common use of REMUNERATION PACKAGING Clause in Contracts

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 arrangement will not cancel or otherwise affect the operation of this Agreement. 4.5.12 The Employer shall not unreasonably withhold agreement to remuneration packaging on request from an Employee.

REMUNERATION PACKAGING. 4.5.1 4.4.1 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 4.4.2 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 4.4.3 of an Employee, can be reduced by and substituted with other benefit/s. 4.5.3 4.4.3 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 4.4.4 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 4.4.5 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 4.4.6 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 4.4.7 The remuneration packaging arrangement must be cost neutral in relation to the total cost to the Employer. 4.5.8 4.4.8 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 4.4.9 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 4.4.10 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 4.4.11 The cancellation of a remuneration packaging arrangement will not cancel or otherwise affect the operation of this Agreement. 4.5.12 4.4.12 The Employer shall not unreasonably withhold agreement to remuneration packaging on request from an Employee.

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 defined) of an Employee, can be reduced by and substituted with another, or other benefit/s.benefits. 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 base salary; b) other cash allowances, e.g. annual Annual leave loading; c) non 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 A – Wage Tables 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 arrangement will not cancel or otherwise affect the operation of this Agreement. 4.5.12 The Employer shall not unreasonably withhold agreement to remuneration packaging on request from an Employee. 4.5.13 The Dispute Resolution Procedure contained in this Agreement shall be used to resolve any dispute arising from the operations of this clause.

REMUNERATION PACKAGING. 4.5.1 4.4.1 An Employee employee may, by agreement with the Employer, enter into a remuneration packaging arrangement in accordance with the Employer’s Public Transport Authority Salary Packaging Guidelines and Agreement or any similar remuneration packaging arrangement offered by the Employer. 4.5.2 4.4.2 Remuneration packaging is an arrangement whereby the entitlements under this Agreementagreement, contributing toward the Total Employment Cost (as defined in sub- clause 4.5.3 subclause 4.4.3) of an Employeeemployee, can be reduced by and substituted with another or other benefit/s.benefits. 4.5.3 4.4.3 For the purposes purpose of this clausesubclause, Total Employment Cost (TEC) is defined as the cost of salary wages and other benefits aggregated to a total figure or TEC, less the cost of Compulsory Employer Superannuation Guarantee Contributions. 4.5.4 4.4.4 The TEC TEC, for the purpose of remuneration packaging, is calculated by adding: a) the Base salaryOrdinary Wage; b) other cash allowances, e.g. annual leave loading; c) non cash benefits, e.g. Superannuation, motor vehicle etc;. d) any Fringe Benefit tax Benefits Tax (FBT) liabilities currently paid; and e) any variable components, where commuted or annualised. 4.5.5 4.4.5 Where an Employee employee enters into a remuneration wage packaging arrangement the Employee they 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 Employeeemployee’s wages any outstanding liabilities to be paid. 4.5.6 4.4.6 Notwithstanding any remuneration packaging arrangement, arrangement the wage rates rate specified in Schedule 1 are Schedules 3 & 4 of this Agreement is the basis for calculating related entitlements specified in this Agreement. 4.5.7 4.4.7 The remuneration packaging arrangement must be cost neutral in relation to the total cost to the Employer. 4.5.8 4.4.8 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 Employeeemployee. 4.5.9 4.4.9 In the event of any increase or additional payments of tax or penalties associated with the employment of the Employee employee or the provision of Employer benefits under the remuneration packaging arrangementagreement, such tax, penalties and any other costs shall be borne by the Employeeemployee. 4.5.10 4.4.10 In the event of significant increases in Fringe Benefit Tax FBT liability or administrative costs relating to arrangements under this clausesubclause, the Employee Employer may vary or cancel a remuneration packaging arrangement. 4.5.11 4.4.11 The cancellation of a remuneration packaging arrangement will not cancel or otherwise affect the operation of this Agreement. 4.5.12 4.4.12 The Employer shall not unreasonably withhold agreement to remuneration packaging on request from an Employeeemployee. 4.4.13 The Dispute Settlement Procedures contained in this Agreement shall be used to resolve any dispute arising from the operations of this subclause.

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 arrangement will not cancel or otherwise affect the operation of this Agreement. 4.5.12 The Employer shall not unreasonably withhold agreement to remuneration packaging on request from an Employee.

REMUNERATION PACKAGING. 4.5.1 4.3.1. An Employee 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 4.3.2. Remuneration packaging is an arrangement whereby the entitlements under this Agreementagreement, contributing toward the Total Employment Cost (as defined in sub- clause 4.5.3 defined) of an Employeeemployee, can be reduced by and substituted with another, or other benefit/s.benefits. 4.5.3 4.3.3. For the purposes of this sub-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 4.3.4. The TEC for the purpose of remuneration packaging, is calculated by adding: a) the Base 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 4.3.5. Where an Employee employee enters into a remuneration packaging arrangement the Employee 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 Employeeemployee’s wages any outstanding liabilities to be paid. 4.5.6 4.3.6. Notwithstanding any remuneration packaging arrangement, the wage rates specified in Schedule 1 A –Wages Tables and Schedule D – Linesperson Classifications are the basis for calculating related entitlements specified in this Agreement. 4.5.7 4.3.7. The remuneration packaging arrangement must be cost neutral in relation to the total cost to the Employer. 4.5.8 4.3.8. 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 Employeeemployee. 4.5.9 4.3.9. In the event of any increase or additional payments of tax or penalties associated with the employment of the Employee employee or the provision of Employer benefits under the remuneration packaging arrangement, such tax, penalties and any other costs shall be borne by the Employeeemployee. 4.5.10 4.3.10. In the event of significant increases in Fringe Benefit Tax liability or administrative costs relating to arrangements under this sub-clause, the Employee employee may vary or cancel a remuneration packaging arrangement. 4.5.11 4.3.11. The cancellation of a remuneration packaging arrangement will not cancel or otherwise affect the operation of this Agreement. 4.5.12 4.3.12. The Employer shall not unreasonably withhold agreement to remuneration packaging on request from an Employeeemployee. 4.3.13. The Dispute Resolution Procedure contained in this Agreement shall be used to resolve any dispute arising from the operations of this sub-clause.