Salary Sacrifice for Superannuation. An employee may choose to salary sacrifice salary for employer superannuation contributions into a complying superannuation fund. The arrangement is available to all employees and participation is at the discretion of an individual employee. Under the arrangement the following conditions apply:
(a) An employee who currently has their employer superannuation guarantee contributions paid to a ‘Choice of Fund’ superannuation fund (eg. employed after 10 August 1999) may salary sacrifice into that fund or another complying superannuation fund.
(b) An employee who currently contributes 6% to the Northern Territory Government and Public Authorities Superannuation Scheme (NTGPASS), may salary sacrifice into NTGPASS or another complying fund.
(c) An employee who currently contributes to the Commonwealth Superannuation Scheme (CSS) is not able to salary sacrifice into the scheme, but can salary sacrifice into another complying superannuation fund.
(d) While there is no limit to the amount an employee can salary sacrifice to superannuation, the amount sacrificed plus any other employer contributions (whether real or notional), will be assessed against the Commonwealth concessional contribution cap relevant to their age. The employee is responsible for any tax and interest that may be imposed by the Australian Taxation Office or other relevant authority for them exceeding the Commonwealth concessional contribution cap.
(e) The arrangement operates at no additional cost to the Northern Territory Government, either directly or indirectly.
(f) The arrangement does not operate to reduce employer contributions for employees that would ordinarily be payable by the Northern Territory Government in the absence of the salary sacrifice arrangements.
(g) When an employee who is a member of the CSS, NTSSS or NTGPASS enters into a salary sacrifice for employer superannuation arrangement, the employee’s annual rate of salary for superannuation purposes will remain at the rate set out in this Agreement (that is, the salary sacrifice arrangement has no effect on the employee’s annual rate of salary for superannuation purposes).
Salary Sacrifice for Superannuation. An Employee may make an agreement with the Company to participate in a salary sacrifice program in relation to superannuation contributions. The program is voluntary. The Employee must specify an amount as a percentage of ordinary time earnings (as defined in clause 22.4 by which his or her salary is to be reduced (“the salary sacrifice”). The salary sacrifice will be deducted from the Employee’s salary and contributed to by the Company to the Fund every four (4) weeks. The Company will continue to calculate the contributions required on the basis of the Employee’s ordinary times earnings before the salary sacrifice is deducted. After taking into account the salary sacrifice, an Employee shall not receive less than the wage rate specified in the Agreement. Salary sacrifice deductions will be made during a period of paid leave and the Employee will receive the rate of pay specified under the Agreement less the salary sacrifice deduction. Calculation of salary for the purpose of overtime, leave accruals and other payments due on termination of employment shall be calculated on a rate of pay which includes the salary sacrifice contributions i.e. as if the salary sacrifice contributions had not been deducted from the salary. Each Employee participating in a salary sacrifice program under this sub clause shall receive written confirmation of relevant information, including the post arrangement gross wage rates, net wage rates and any other payment that may be affected by the arrangement. The Employee may revoke the salary sacrifice arrangement at any time or vary the amount to be deducted at three (3) monthly intervals.
Salary Sacrifice for Superannuation. Employee pre-tax contributions
(i) An employee may make an agreement with the employer to participate in a salary sacrifice program in relation to superannuation contributions. The program is voluntary.
(ii) The employee must specify an amount (either as a percentage of ordinary time earnings as defined by which his or her salary or by a fixed amount by which it is to be reduced (“the salary sacrifice”)).
(iii) The salary sacrifice will be deducted from the employee’s salary and contributed by the employer to the Fund monthly at the same time as the company’s contributions made under (c).
(iv) All salary sacrifice contributions will be indicated as such on an employee’s payslip as a pre-tax amount.
(v) Salary sacrifice deductions will be made during a period of paid leave and the employee will receive the rate of pay specified under this Agreement less the salary sacrifice deduction.
(vi) The employee may revoke the salary sacrifice agreement at any time or vary the amount to be deducted at three (3) monthly intervals.
(vii) The employer may change benefits under the program if required to do so by changes to State or Federal legislation. The employer shall consult with employees and the Union prior to any changes being implemented. In the event that amendment to these remuneration arrangements is to be implemented, the employer will provide employees and the Union with reasonable notice. Such notice shall be not less than two (2) months unless a shorter time is required to comply with changes to legislation.
Salary Sacrifice for Superannuation. Employees may elect by way of a written authority to the employer, to salary sacrifice amounts otherwise payable under this agreement to the Superannuation Fund nominated above. Provided that salary sacrifice arrangements are subject to Australian Tax Office approval.
Salary Sacrifice for Superannuation. (a) The Employer shall provide packaging for Superannuation as a means by which remuneration is payable under this Agreement. Where the employee qualifies they may direct additional monies to their superannuation if the superannuation fund the employee is a member of will allow it.
(b) Packaging is an arrangement for the payment of wages payable under this agreement whereby the total remuneration is broken into a cash and non-cash component.
(c) The total remuneration shall not be less than the cumulative entitlements provided for in this Agreement. Employer payments in the form of superannuation contributions will be the only form of salary packaging available.
(d) Packaging is to be entered into on a voluntary basis. Provided that each Superannuation fund may have specific guidelines and circumstance under which contributions can be made.
(e) Superannuation contributions made under this sub clause in accordance with the requirements of the Superannuation Guarantee (Administration) Act 1992 shall be calculated on the Agreement rate of pay as if no Salary Packaging Agreement was in place.
(f) Annual Leave Loading, Overtime and any other salary related allowances or benefits shall be calculated on the Agreement rate of pay as if no Salary Packaging Agreement was in place.
Salary Sacrifice for Superannuation. 16.1 It is the intention of the Employer, as far as possible, to maintain salary sacrifice opportunities for eligible staff and for that purpose the Employer shall provide salary sacrifice for superannuation pursuant to this Agreement as a means by which remuneration is payable under this Agreement as provided for in the Employer’s policy.
16.2 Salary sacrifice for superannuation is an arrangement for the payment of wages or salary and any other component of remuneration payable under this Agreement whereby the total remuneration is broken into a sacrificed amount and a non-sacrificed component.
16.3 The total remuneration shall not be less than the cumulative entitlements provided for in this Agreement
16.4 Salary sacrifice for superannuation is to be entered into on a voluntary basis. Occupational Superannuation entitlements are payable based on gross salary, i.e. before salary sacrifice.
16.5 Where legislative or other regulatory changes have the effect of reducing or withdrawing the personal benefits identified/resulting from salary sacrifice for superannuation under this Agreement, the Employer will not be liable to make up the benefits or advantage lost by a staff member as a consequence of such change and, where other changes have the effect of increasing the cost of salary sacrifice to the Employer, then these costs shall either be paid by the staff member participating in salary sacrifice or the staff member may choose to cease the arrangement.
Salary Sacrifice for Superannuation i. A Team Member may make an agreement with the Company to pay a portion of the Team Member’s wages into LUCRF or other approved Superannuation fund of the Company for the benefit of the Team Member.
ii. Should a Team Member make an arrangement with the Company to participate in a salary sacrifice program in relation to superannuation contributions they do so on a voluntary basis.
iii. Where a Team Member wishes to make voluntary contributions to the Fund, The Team Member must authorise the Company to deduct from the Team Member’s wages an amount, ‘the salary sacrifice’, specified by the Team Member in accordance with the Fund trust deed and rules. Contributions deducted under this provision will be forwarded to the Fund by the Company at the same time as the Company’s contributions made as per clause 26.1 of this Agreement.
iv. Any amounts paid in accordance with such a direction are deemed to be paid in satisfaction of the Company’s obligation to pay the wages set out in this Agreement.
v. The salary sacrifice will be deducted from the Team Member’s salary and contributed by the Company every four (4) weeks.
vi. The Company will continue to calculate the contributions as required by clause 26.1 – Company Contributions, on the basis of the Team Member’s ordinary time rate of pay before the salary sacrifice is deducted.
vii. Accordingly, no breach of this Agreement will occur if the actual wages paid to the Team Member fall below the rates set by this Agreement solely because of the Company paying additional superannuation contributions on a pre-tax basis under this clause.
viii. Salary sacrifice deductions will be made during a period of paid leave and the Team Member will receive the rate of pay specified under this Agreement less the salary sacrifice deduction.
ix. Calculation of salary for the purpose of overtime, leave accruals and other payments due on termination of employment shall be calculated on a rate of pay which includes the salary sacrifice contributions, i.e. as if the salary sacrifice contributions had not been deducted from the salary.
x. The Team Member may revoke the salary sacrifice agreement at any time or vary the amount to be deducted at twelve (12) monthly intervals. The Team Member may change their salary sacrifice rate/amount at any time during a financial year up to a maximum of twice per year. The Team Member may start or stop making salary sacrifice contributions at any time during a financial year from the next pay period.
Salary Sacrifice for Superannuation. (a) The employer will contribute superannuation in accordance with the Superannuation Guarantee Act (currently at the rate of 9%)
(b) If an employee wishes, any part of the wages paid under the Award or this Agreement may be directed into superannuation by way of salary sacrifice.
(c) The amount to be directed via salary sacrifice may not be changed more than once in each 3 month period.
(d) The salary sacrifice must be paid into the same fund to which the Company is making the employee’s Superannuation Guarantee Contribution.
Salary Sacrifice for Superannuation. 19.1 Salary sacrifice will be in accordance with Government policy and guidelines.
Salary Sacrifice for Superannuation. 28.2.1 Employees may elect to have a pre tax amount of their wages paid into their superannuation fund.
28.2.2 The payment amount must be no more than the increase payable in this agreement
28.2.3 Employees must request this payment in writing to the Pay Office prior to the commencement of this agreement or the subsequent increase.
28.2.4 Employees may rescind or make amendment to their election. The change must be in writing and must be received by the Pay Office before the annual anniversary of the agreement. The changes will only take effect from the first pay period after the anniversary date.
