Salary Packaging – Permanent Employees. The parties agree to the packaging of salaries where agreed in writing between the employer and the employee, as detailed in Schedule 6. The terms and conditions of such a package shall not, when viewed objectively, be less favourable than the entitlement otherwise available under this Agreement. The employee shall package to a maximum of $30 000 (gross) of the applicable salary to a non-salary benefit. The ramifications of entering into such salary packaging are to be explained and arrangements documented (as per Schedule 6) so as to clearly establish the benefits that are to be provided. The employee is strongly advised to obtain independent financial advice. Where at the end of the agreed period the full amount allocated has not been utilised, any unused amount may be carried forward to the next period, or paid as salary which will be subject to usual taxation requirements. Similarly, in the event of termination or resignation of employment any unused amount will be paid as salary, taxable as above.
Salary Packaging – Permanent Employees. The parties agree to the packaging of salaries where agreed in writing between the employee and employer, as detailed in Schedule C.
Salary Packaging – Permanent Employees. (a) The parties agree to the pac kaging of salaries where agreed in writing between the employer and the employee, as detailed in Schedule C.
(b) The terms and conditions of such a package (including any negotiating salary allowable) and the terms and conditions of suc h a package shall n ot, when v iewed o bjectively, b e less favou rable than the entitlement otherwise available under this Agreement and shall be subject to the following provisions:
(c) The em ployer shall ensure that the struct ure of a ny agreed package with i ndividual em ployees complies with taxation or other relevant laws. S hould any changes occur which prevent the Fringe Benefits Ta x Exemption St atus t he o rganisation e njoys, t hen t he wa ges an d c onditions of t hose employees who have entered into such an agreement will revert to the entitlements otherwise available under this Agreement.
(d) The employee shall package to a maximum of $30 000 (gross) of the applicable salary to a non-salary benefit. T he ram ifications of e ntering into s uch salary pac kaging are t o be e xplained and arrangements documented (as per Schedule C which forms part of this Agreement) so as to clearly establish the benefits that are to be provided. T he employee shall be gi ven adequate opportunity to obtain independent professional advice.
(e) Any penalties, lo adings, annu al leav e, personal le ave, lon g service leav e, sup erannuation, workers compensation and an y o ther g eneral or st atutory en titlements are to be b ased upon th e gross remuneration equivalent.
(f) The agreement in cluding its t erms an d co nditions as o utlined in Sch edule C, sh all be in writin g and signed by b oth t he em ployer a nd em ployee. S uch a greement shal l doc ument t he particular arrangement entered into between the individual employee and the employer.
(g) Where at t he end of t he a greed period the full amount a llocated has not bee n utilised, a ny unused amount may be carried forward to the ne xt period, or paid as salary which will be subject to us ual taxation requirements.
(h) Similarly, in the event of termination or resignation of employment any unused amount will be paid as salary, taxable as above.
(i) Either party may cancel any such salary arrangements by giving one month's notice of cancellation. Part 5—Hours of Work and Related Matters
Salary Packaging – Permanent Employees. The parties agree to the packaging of salaries where agreed in writing between the employer and the employee, as detailed in Schedule 2. The terms and conditions of such a package shall not, when viewed objectively, be less favourable than the entitlement otherwise available under this Agreement. The employee may package to a maximum of 50% of their wages to a non-salary benefit, provided that such amount will not exceed $16,000 net (which equates to the maximum FBT grossed–up figure of $30,000). The ramifications of entering into such salary packaging are to be explained and arrangements documented (as per Schedule 2) so as to clearly establish the benefits that are to be provided. The employee is strongly advised to obtain independent financial advice. The employee is responsible for administration costs. Where at the end of the agreed period the full amount allocated has not been utilised, any unused amount may be carried forward to the next period, or paid as salary which will be subject to usual taxation requirements. Similarly, in the event of termination or resignation of employment any unused amount will be paid as salary, taxable as above.
Salary Packaging – Permanent Employees. The parties agree to the packaging of salaries where agreed in writing between the employer and the employee, as detailed in Schedule 2. The terms and conditions of such a package shall not, when viewed objectively, be less favourable than the entitlement otherwise available under this Agreement. The employee may package their wages to a non-salary benefit, provided that such amount will not exceed $16,000 net (which equates to the maximum FBT grossed–up figure of $30,000). The ramifications of entering into such salary packaging are to be explained and arrangements documented (as per Schedule 2) so as to clearly establish the benefits that are to be provided. The employee is strongly advised to obtain independent financial advice. The employee is responsible for administration costs. Where at the end of the agreed period the full amount allocated has not been utilised, any unused amount may be carried forward to the next period, or paid as salary which will be subject to usual taxation requirements. Similarly, in the event of termination or resignation of employment any unused amount will be paid as salary, taxable as above.
9. HOURS OF WORKS, BREAKS, OVERTIME AND SHIFT WORK
