SALARY PACKAGING ARRANGEMENTS. 7.1 This clause applies for the period an employee enters into a Salary Sacrifice Agreement. A Salary Sacrifice Agreement (SSA) is the formal administrative instrument between the employer and the employee which enables salary packaging arrangements to be put in place.
7.1.1 Subject to this clause, the salary payable to an employee, or applicable to a position where the occupant elects to enter into a SSA, pursuant to this Wages Parity (Salaried) Enterprise Agreement (WPEA) will be the salary payable under the SSA, notwithstanding any other provision in, or Schedule of, this WPEA.
7.1.2 Any entitlement to payment of overtime, leave loading or shift allowance will be based on the salary that would have been payable had the employee not entered into a SSA.
SALARY PACKAGING ARRANGEMENTS. 8.1 This clause applies for the period an employee enters into a Salary Sacrifice Agreement. A Salary Sacrifice Agreement (SSA) is the formal administrative instrument between the employer and the employee which enables salary packaging arrangements to be put in place.
8.1.1 Subject to this clause, the rate of pay payable to an employee, or applicable to a position where the occupant elects to enter into a SSA, pursuant to this Enterprise Agreement will be the rate of pay payable under the SSA, notwithstanding any other provision in, or Schedule of, this Enterprise Agreement.
8.1.2 Any entitlement to payment of overtime, leave loading or shift allowance will be based on the rate of pay that would have been payable had the employee not entered into a SSA.
SALARY PACKAGING ARRANGEMENTS. 13.1 This clause applies for the period an employee enters into a Salary Sacrifice Agreement. A Salary Sacrifice Agreement (SSA) is the formal administrative instrument between the employer and the employee which enables salary packaging arrangements to be put in place.
(a) Subject to this clause, the rate of pay payable to an employee, or applicable to a position where the occupant elects to enter into a SSA, pursuant to this Enterprise Agreement will be the rate of pay payable under the SSA, notwithstanding any other provision in, or Schedule of, this Enterprise Agreement.
(b) Any entitlement to payment of overtime, leave loading or shift allowance will be based on the rate of pay that would have been payable had the employee not entered into a SSA.
(c) Where, on cessation of employment, the employer makes a payment in lieu of notice; or a payment in respect of accrued recreation or long service leave entitlements (instead of transferring leave credits to another employer party to this Enterprise Agreement in the event the employee immediately becomes employed by that employer party), the payment thereof shall be based on the rate of pay that would have been payable had the employee not entered into a SSA.
SALARY PACKAGING ARRANGEMENTS. 84 The University recognises that from time to time employees may wish to restructure the salary payments they receive from the University in order to maximise their disposable income. To this end, the University is committed to facilitating a salary sacrificing scheme that offers employees the opportunity to allocate an amount of their gross salary before PAYG tax deductions to superannuation and/or other benefits.
SALARY PACKAGING ARRANGEMENTS. The current Agreement contains the same clause. Salary packaging will again be available for the life of the Agreement. This clause contains a definition of “salary” for the purpose of salary sacrifice arrangements. This clause explains the applicability and general operative parameters of Salary Sacrifice Agreements pursuant to GPSSSS and MOSSSS. The clause also provides that employees may elect to transfer from MOSSSS to GPSSSS within three (3) months following approval of the Agreement and effective 1 April 2022, 1 April 2023 and 1 April 2024.
SALARY PACKAGING ARRANGEMENTS. (i) The terms and conditions of such a package shall not, on aggregate, be less favourable than the entitlements otherwise available under the award and shall be subject to the following provisions:
a) the employer shall ensure that the structure of any agreed remuneration package complies with taxation and other relevant legislation;
b) where there is an agreement to salary package, the agreement shall be in writing and made available to the employee;
c) the employee shall have access to details of the payments and transactions made on their behalf. Where such details are maintained electronically, the employee shall be provided with a printout of the relevant information;
d) the employer has the right to vary or withdraw from a salary packaging agreement and/or withdraw from offering salary packaging in the event of amendments to legislation that are detrimental to, or increase the costs of, salary packaging arrangements;
e) in the event that the employer withdraws from a salary packaging agreement, the individual employee’s salary will revert to that specified in Table 1, Rates of Pay of this Award;
f) notwithstanding any of the above arrangements, the employer or employee may cancel any salary packaging agreements by the giving of one month’s notice of cancellation to the other party;
g) the calculation of entitlements concerning occupational superannuation and annual leave loading on annual leave will be based on the value of the employee's total salary as outlined in Table 1, Rates of Pay of the Award; unless there is agreement between the employer and the employee to the contrary, all salary packaging arrangements shall cease during any period of leave without pay, including periods of unpaid sick leave.
SALARY PACKAGING ARRANGEMENTS. 58.1 Council, at its sole discretion, may enter into formal, individual annual salary packaging arrangements with employees.
58.2 Any such salary packaging arrangement entered into pursuant to this clause will be reviewed annually.
58.3 Salary package arrangements need not be standardised amongst employees either at the same or different classification level(s)
SALARY PACKAGING ARRANGEMENTS. This clause is the same as the current clause. Agreement Explained: This clause is the same as the current clause. It provides that an employee who commences an absence on maternity or adoption leave on or after the date of approval of the proposed Agreement, and who at the time of commencing PMAL has been employed in the SA public sector for not less than 5 years, will be entitled to PMAL of 20 weeks.
SALARY PACKAGING ARRANGEMENTS. 31.1 This clause applies for the period an employee enters into a Salary Sacrifice Agreement. A Salary Sacrifice Agreement (SSA) is the formal administrative instrument between the employer and the employee which enables salary packaging arrangements to be put in place.
31.1.1 Subject to this clause, the salary or wages payable to an employee or applicable to a position where the occupant elects to enter into a SSA, pursuant to this Agreement will be the salary or wages payable under the SSA, notwithstanding any other provision in, or Appendix of, this Agreement.
31.1.2 Any entitlement to payment of overtime, leave loading or shift allowance will be based on the salary or wages that would have been payable had the employee not entered into a SSA.
SALARY PACKAGING ARRANGEMENTS. Salary packaging allows employees to receive the maximum value of non-salary benefits provided concessional treatment by the Fringe Benefits Tax laws in a form other than take home pay. Gross salary is reduced by the amount of the fringe benefits paid by the employer. The net gross salary is then subject to “Pay-As-You-Go” (PAYG) tax. All existing entitlements (ie, employer superannuation, leave loading, penalties, and overtime) will be based on the “pre-package” salary. All employees covered under this Agreement have access to salary packaging arrangements subject to the following provisions:
2.4.1 Entry into salary packaging arrangement is only to occur with the genuine consent of both parties. Employees have the right to take the award salary rate only.
2.4.2 Employees wishing to access salary packaging must indicate that:
2.4.2.1 they have sought independent expert advice in relation to entering into such an arrangement; and
2.4.2.2 they understand that in the event that Fringe Benefits Tax (FBT) becomes payable on the benefits items which are selected, the salary packaging arrangement shall lapse and a new arrangement will be put in place whereby the total cost of salary packaging to the employer does not increase. If the employee elects to continue with packaging, the cost of the payment of the FBT will be passed back to him/her, or benefit items can be converted back to salary to be taxed at the relevant PAYG tax rate; and
2.4.2.3 they understand that the employer will meet the payroll costs associated with managing the salary package and the administration costs, provided the employer administers the salary package in-house, and;
2.4.2.4 that upon resignation or termination of employment the employer shall be, by deduction from final payments or upon demand, reimbursed any amounts of over-expenditure. Benefits available to be packaged may include the following: ⚫ Mortgage (but not for investment properties) ⚫ Personal loan payments ⚫ Motor vehicle payments and running costs ⚫ Superannuation (employee contribution) ⚫ Work-related education expenses (not HECS) ⚫ Health, Life & Disability Insurance ⚫ Child minding expenses ⚫ Rental payments ⚫ School fees An employee may have superannuation, as well as up to three other separate approved benefits paid under a packaging arrangement, provided that the total payment to benefits (excluding superannuation) does not exceed the limit prescribed by the Government for the year, (currently $16,050.00 as of the d...
