Common use of Salary Packaging Clause in Contracts

Salary Packaging. 33.1 All Employees will have access to salary packaging arrangements as follows: (a) By agreement with the Employee, the current rate of pay specified in Schedule 2, may be salary packaged in accordance with the Employer's policy on salary packaging provided that the Employer's policy is consistent with the guidelines published by the Australian Tax Office. (b) The Employee shall compensate the Employer from within their base remuneration, for any Fringe Benefits Tax incurred as a consequence of any salary packaging arrangement the Employee has entered into. Where the Employee chooses not to pay any of the costs associated with their salary packaging, the Employer may cease the Employee's salary packaging arrangements. (c) In the event that salary packaging ceases to be an advantage to the Employee (including as a result of subsequent changes to Fringe Benefits Tax Act 1986 (Cth) legislation), the Employee may elect to convert the amount packaged to salary. Any costs associated with the conversion to salary shall be borne by the Employee and the Employer shall not be liable to make up any benefit lost as a consequence of an Employee's decision to convert to salary. (d) The Employee shall be responsible for all costs associated with the administration of their salary packaging arrangements, provided that such costs shall be confined to reasonable commercial charges as levied directly by the external salary packaging provider and/or in-house payroll services (as applicable), as varied from time to time. (e) Employees who are considering salary packaging ought to seek independent financial advice. The Employer shall not be held responsible in any way for the cost or outcome of any such advice and any costs associated with salary packaging shall be paid for by the Employee.

Appears in 4 contracts

Samples: Enterprise Agreement, Enterprise Agreement, Enterprise Agreement

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Salary Packaging. 33.1 15.1 All Employees covered by this Agreement will have access to salary packaging arrangements as follows: (a) By agreement with the Employee, the current rate of pay specified in Schedule 2, the agreement may be salary packaged in accordance with the Employer's policy on salary packaging provided that the Employer's policy is consistent with the guidelines published by the Australian Tax Office. The terms and conditions of such a package must not, when viewed objectively, be less favourable than the entitlements otherwise available under this agreement. (b) The Employee shall compensate the Employer from within their base remuneration, for any Fringe Benefits Tax incurred as a consequence of any salary packaging arrangement the Employee has entered into. Where the Employee chooses not to pay any of the costs associated with their salary packaging, the Employer may cease the Employee's salary packaging arrangements. (c) In the event that salary packaging ceases to be an advantage to the Employee (including as a result of subsequent changes to Fringe Benefits Tax Act 1986 (Cth) legislation), the Employee may elect to convert the amount packaged to salary. Any costs associated with the conversion to salary shall be borne by the Employee and the Employer shall not be liable to make up any benefit lost as a consequence of an Employee's decision to convert to salary. (d) In the event that changes in legislation, determinations or rulings, particularly in respect of Fringe Benefits Tax exempt status or legislation, remove the employer’s capacity to maintain the salary packaging arrangements offered to employees under this agreement, the employer shall be entitled to withdraw from the remuneration packaging arrangements by giving the maximum reasonable notice practicable to each affected employee, and where possible at least two months prior to the withdrawal taking place. (e) The Employee shall be responsible for all costs associated with the administration of their salary packaging arrangements, provided that such costs shall be confined to reasonable commercial charges as levied directly by the external salary packaging provider and/or in-house payroll services (as applicable), as varied from time to time. (ef) Employees who are considering salary packaging ought to seek independent financial advice. The Employer shall not be held responsible in any way for the cost or outcome of any such advice and any costs associated with salary packaging shall be paid for by the Employee. (g) Superannuation contributions paid by the Employer into an approved superannuation fund will be calculated on the basis of the rates of pay specified in this Agreement and not on the salary remaining after a component is sacrificed.

Appears in 2 contracts

Samples: Multi Employer Agreement, Multi Employer Agreement

Salary Packaging. 33.1 28.1 All Employees will have access to salary packaging arrangements as follows: (a) By agreement with the Employee, the current rate of pay specified in Schedule 2, may be salary packaged in accordance with the Employer's policy on salary packaging provided that the Employer's policy is consistent with the guidelines published by the Australian Tax Office. (b) The Employee shall compensate the Employer from within their base remuneration, for any Fringe Benefits Tax incurred as a consequence of any salary packaging arrangement the Employee has entered into. Where the Employee chooses not to pay any of the costs associated with their salary packaging, the Employer may cease the Employee's salary packaging arrangements. (c) In the event that salary packaging ceases to be an advantage to the Employee (including as a result of subsequent changes to Fringe Benefits Tax Act 1986 (Cth) legislation), the Employee may elect to convert the amount packaged to salary. Any costs associated with the conversion to salary shall be borne by the Employee and the Employer shall not be liable to make up any benefit lost as a consequence of an Employee's decision to convert to salary. (d) The Employee shall be responsible for all costs associated with the administration of their salary packaging arrangements, provided that such costs shall be confined to reasonable commercial charges as levied directly by the external salary packaging provider and/or in-house payroll services (as applicable), as varied from time to time. (e) Employees who are considering salary packaging ought to seek independent financial advice. The Employer shall not be held responsible in any way for the cost or outcome of any such advice and any costs associated with salary packaging shall be paid for by the Employee.

Appears in 1 contract

Samples: Enterprise Agreement

Salary Packaging. 33.1 36.1 All Employees covered by this Agreement will have access to salary packaging arrangements as follows: (a) By written agreement with the Employee, the current rate of pay specified in Schedule 2, A and B may be salary packaged in accordance with the Employer's EACH’s policy on salary packaging. EACH will maintain a salary packaging provided that the Employer's policy is consistent with the guidelines published by the Australian Tax Office(which may be through an external provider). (b) The Employee shall will compensate the Employer EACH from within their base remuneration, rate of pay for any Fringe Benefits Tax (FBT) incurred as a consequence of any salary packaging arrangement the Employee has entered into. Where the Employee chooses not to pay any of the costs associated with their salary packaging, the Employer EACH may cease the Employee's salary packaging arrangements. (c) In The parties agree that in the event that salary packaging ceases to be an advantage to the Employee (including as a result of subsequent changes to Fringe Benefits Tax Act 1986 (CthFBT legislation) legislation), the Employee may elect to convert the amount packaged to salary. Any costs associated with the conversion to salary shall will be borne by the Employee and the Employer shall EACH will not be liable to make up any benefit lost as a consequence of an Employee's decision to convert to salary. (d) The Employee shall will be responsible for all costs associated with the administration of their salary packaging arrangements, provided that such costs shall will be confined to reasonable commercial charges as levied directly by the external salary packaging provider and/or in-house payroll services service (as applicable), as varied from time to time. (e) The parties recommend to Employees who are considering salary packaging ought to that they seek independent financial advice. The Employer shall EACH will not be held responsible in any way for the cost or outcome of any such advice and furthermore, the parties agree that the Employee will pay for any costs associated with salary packaging shall packaging. (f) Superannuation contributions paid by EACH into an approved Fund will be calculated on the rates of pay for the applicable classification as specified in Schedule A and B. 37.1 Subject to this clause 37, where an Employee is receiving a weekly payment of compensation in respect of an incapacity under the WIRC Act the Employee will receive accident make up pay equal to the ordinary time earnings they would ordinarily receive, less the amount of weekly compensation. 37.2 Accident make up pay will only be payable to an eligible Employee whilst that Employee remains in the employment of EACH. 37.3 EACH is not liable to pay accident make up pay: (a) in relation to an incapacity which occurred during the first two (2) weeks of the employment unless such incapacity continues beyond the first two (2) weeks of employment in which case the maximum period of payment of accident make up pay will apply only to the period of incapacity after the first two (2) weeks; (b) in relation to any injury, during the first five (5) normal working days of incapacity. However, an Employee who contracts an infectious disease in the course of duty is entitled to receive workers’ compensation therefore will receive accident pay from the first day of incapacity; (c) for any period that weekly payments under the WIRC Act cease; (d) whilst the Employee is on any other paid leave provided for by in this Agreement; (e) unless the Employee has given notice in writing to EACH of an injury as soon as practicable after the occurrence of the injury; (f) upon the death of the Employee. 37.4 The maximum period or aggregate periods of accident make up pay for which EACH is liable under this clause 37 is 39 weeks for any one injury. 37.5 Injuries incurred prior to proclamation of Accident Compensation Act

Appears in 1 contract

Samples: Health Professionals Enterprise Agreement

Salary Packaging. 33.1 All Employees employees covered by this Agreement will have access to salary packaging arrangements as follows: (a) By agreement with the Employeeemployee, the current rate of pay specified in Schedule 2, the agreement may be salary packaged in accordance with the EmployerScope's policy on salary packaging provided that the EmployerScope's policy is consistent with the guidelines published by the Australian Tax Office. The terms and conditions of such a package must not, when viewed objectively, be less favourable than the entitlements otherwise available under this Agreement. (b) The Employee employee shall compensate the Employer Scope from within their base remuneration, for any Fringe Benefits Tax incurred as a consequence of any salary packaging arrangement the Employee employee has entered into. Where the Employee employee chooses not to pay any of the costs associated with their salary packaging, the Employer Xxxxx may cease the Employeeemployee's salary packaging arrangements. (c) In the event that salary packaging ceases to be an advantage to the Employee (including as a result of subsequent changes to Fringe Benefits Tax Act 1986 (Cth) legislation), the Employee employee may elect to convert the amount packaged to salary. Any costs associated with the conversion to salary shall be borne by the Employee employee and the Employer Scope shall not be liable to make up any benefit lost as a consequence of an Employeeemployee's decision to convert to salary. (d) In the event that changes in legislation, determinations or rulings, particularly in respect of Fringe Benefits Tax exempt status or legislation, remove Xxxxx’s capacity to maintain the salary packaging arrangements offered to employees under this Agreement, Scope shall be entitled to withdraw from the remuneration packaging arrangements by giving the maximum reasonable notice practicable to each affected employee, and where possible at least two (2) months prior to the withdrawal taking place. (e) The Employee employee shall be responsible for all costs associated with the administration of their salary packaging arrangements, provided that such costs shall be confined to reasonable commercial charges as levied directly by the external salary packaging provider and/or in-house in‐house payroll services (as applicable), as varied from time to time. (ef) Employees who are considering salary packaging ought to seek independent financial advice. The Employer Scope shall not be held responsible in any way for the cost or outcome of any such advice and any costs associated with salary packaging shall be paid for by the Employeeemployee. (g) Superannuation contributions paid by Scope into an approved superannuation fund will be calculated on the basis of the rates of pay specified in this Agreement and not on the salary remaining after a component is sacrificed.

Appears in 1 contract

Samples: Enterprise Agreement

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Salary Packaging. 33.1 All Employees will have access to salary packaging arrangements as follows: (a) By agreement with the Employee, the current rate of pay specified in Schedule 2, may be salary packaged in accordance with the Employer's policy on salary packaging provided that the Employer's policy is consistent with the guidelines published by the Australian Tax Office. (b) The Employee shall compensate the Employer from within their base remuneration, for any Fringe Benefits Tax incurred as a consequence of any salary packaging arrangement the Employee has entered into. Where the Employee chooses not to pay any of the costs associated with their salary packaging, the Employer may cease the Employee's salary packaging arrangements. (c) In the event that salary packaging ceases to be an advantage to the Employee (including as a result of subsequent changes to Fringe Benefits Tax Act 1986 (Cth) legislation), the Employee may elect to convert the amount packaged to salary. Any costs associated with the conversion to salary shall be borne by the Employee and the Employer shall not be liable to make up any benefit lost as a consequence of an Employee's decision to convert to salary. (d) The Employee shall be responsible for all costs associated with the administration of their salary packaging arrangements, provided that such costs shall be confined to reasonable commercial charges as levied directly by the external salary packaging provider and/or in-house payroll services (as applicable), as varied from time to time. (e) Employees who are considering salary packaging ought to seek independent financial advice. The Employer shall not be held responsible in any way for the cost or outcome of any such advice and any costs associated with salary packaging shall be paid for by the Employee.

Appears in 1 contract

Samples: Enterprise Agreement

Salary Packaging. 33.1 All Employees will have access to salary packaging arrangements as follows: (a) 16.3.1 By agreement with the Employee, the current rate of pay specified in Schedule 2this Agreement, may be salary packaged in accordance with the Employer's ’s policy on salary packaging, which will allow packaging provided that of the Employer's policy is consistent with maximum entitlement (excluding Fringe Benefits Tax exempt benefits) under prevailing Australian Taxation Office legislation for employees who are eligible to participate in the guidelines published by the Australian Tax Officesalary packaging scheme. (b) 16.3.2 The Employee shall compensate the Employer Hanover from within their base remuneration, remuneration for any Fringe Benefits Tax FBT incurred as a consequence of any salary packaging arrangement the Employee has entered into. Where the Employee chooses not to pay any of the costs associated with their salary packaging, the Employer Hanover may cease the Employee's ’s salary packaging arrangements. (c) In 16.3.3 The parties agree that in the event that salary packaging ceases to be an advantage to the Employee (including as a result of subsequent changes to Fringe Benefits Tax Act 1986 (Cth) FBT legislation), the Employee may elect to convert the amount packaged to salary. Any costs associated with the conversion to salary shall be borne by the Employee and the Employer Hanover shall not be liable to make up any benefit lost as a consequence of an Employee's ’s decision to convert to salary. Where an Employee receives a non-cash component as part of their remuneration package, this non-cash component shall not be converted to salary. (d) 16.3.4 The Employee shall be responsible for all costs associated with the administration of their salary packaging arrangements, provided that such costs shall be confined parties recommend to reasonable commercial charges as levied directly by the external salary packaging provider and/or in-house payroll services (as applicable), as varied from time to time. (e) Employees who are considering salary packaging ought to that they seek independent financial advice. The Employer Hanover shall not be held responsible in any way for the cost or outcome of any such advice and furthermore, the parties agree that the Employee shall pay for any costs associated with seeking financial advice with salary packaging shall packaging. 16.3.5 Superannuation contributions paid by Hanover into an approved Fund will be paid calculated on the Agreement rate for the applicable classification as varied by the Employeethis Agreement.

Appears in 1 contract

Samples: Collective Agreement

Salary Packaging. 33.1 15.1 All Employees employees covered by this Agreement will have access to salary packaging arrangements as follows: (a) By agreement with the Employeeemployee, the current rate of pay specified in Schedule 2, the Agreement may be salary packaged in accordance with the Employeremployer's policy on salary packaging provided that the Employeremployer's policy is consistent with the guidelines published by the Australian Tax Office.. The terms and conditions of such a package must not, when (b) The Employee employee shall compensate the Employer employer from within their base remuneration, for any Fringe Benefits Tax incurred as a consequence of any salary packaging arrangement the Employee employee has entered into. Where the Employee employee chooses not to pay any of the costs associated with their salary packaging, the Employer employer may cease the Employeeemployee's salary packaging arrangements. (c) In the event that salary packaging ceases to be an advantage to the Employee employee (including as a result of subsequent changes to Fringe Benefits Tax Act 1986 (Cth) legislation), the Employee employee may elect to convert the amount packaged to salary. Any costs associated with the conversion to salary shall be borne by the Employee employee and the Employer employer shall not be liable to make up any benefit lost as a consequence of an Employeeemployee's decision to convert to salary. (d) In the event that changes in legislation, determinations or rulings, particularly in respect of Fringe Benefits Tax exempt status or legislation, remove the employer’s (e) The Employee employee shall be responsible for all costs associated with the administration of their salary packaging arrangements, provided that such costs shall be confined to reasonable commercial charges as levied directly by the external salary packaging provider and/or in-house payroll services (as applicable), as varied from time to time.packaging (ef) Employees who are considering salary packaging ought to seek independent financial advice. The Employer employer shall not be held responsible in any way for the cost or outcome of any such advice and any costs associated with salary packaging shall be paid for by the Employeeemployee. (g) Superannuation contributions paid by the employer into an approved superannuation fund will be calculated on the basis of the rates of pay specified in this Agreement and not on the salary remaining after a component is sacrificed.

Appears in 1 contract

Samples: Disability Services Agreement

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