Common use of Salary Sacrifice for Superannuation Clause in Contracts

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 (a) In this clause ‘superannuable salary’ means the Staff Specialist’s salary as notified from time to time to the New South Wales public sector superannuation trustee corporations as per the relevant superannuation legislation governing the fund, or, in respect of Staff Specialists who elect to have contributions made to a non public sector superannuation scheme, ‘superannuable salary’ means the Staff Specialist’s salary that would have been notified from time to time to the New South Wales public sector superannuation trustee corporations but for the Staff Specialist’s election to have contributions made to a non public sector superannuation scheme. (b) Consistent with the provisions of Clause 7. Salary Sacrifice, a Staff Specialist may choose elect, subject to the agreement of the Staff Specialist’s employer, to sacrifice a part or all of their superannuable salary to additional employer superannuation contributions. Such election must be made prior to the commencement of the period of service to which the earnings relate. Subject to Clause 9, the amount sacrificed may be up to 100% of the superannuable salary. (c) Where the Staff Specialist has elected to sacrifice a part or all of that superannuable salary to additional employer superannuation contributions: (i) Subject to Australian Taxation Law, the sacrificed amount of superannuable salary will reduce the Staff Specialist’s remuneration subject to appropriate PAYE taxation deductions by the amount sacrificed; and (ii) Any allowance, payment for unused leave entitlements, weekly workers’ compensation, or other payment, other than any payment for leave taken in service, to which a Staff Specialist is entitled under this Agreement or any applicable Act or statute which is expressed to be determined by reference to a Staff Specialist’s salary, shall be calculated by reference to the salary and allowances which would have applied to the Staff Specialist in the absence of any salary sacrifice arrangements made pursuant to this Agreement. (d) The Staff Specialist may elect to have the amount of superannuable salary which is sacrificed to additional superannuation contributions: (i) paid into the superannuation scheme established under the First State Superannuation Act 1992 as optional employer contributions; or (ii) subject to the employer’s agreement, paid into a private sector complying superannuation scheme as employer superannuation contributions. (e) Where a Staff Specialist elects to salary sacrifice salary for in terms of subclause (d) above, the employer superannuation contributions will pay the specified amount 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 relevant superannuation fund. (bf) An employee who currently contributes 6% Where the Staff Specialist is a member of a superannuation scheme established under: (i) the Police Regulation (Superannuation) Act, 1906; (ii) the Superannuation Act, 1916; (iii) the State Authorities Superannuation Act, 1987; (iv) the State Authorities Non-contributory Superannuation Act, 1987; or (v) the First State Superannuation Act, 1992. The Staff Specialist’s employer must ensure that the amount of any additional employer superannuation contributions specified in subclause (a) above is included in the Staff Specialist’s superannuable salary which is notified 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 New South Wales public sector 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 arrangementstrustee corporations. (g) When Where, prior to electing to sacrifice a part or all of their superannuable salary to superannuation, a Staff Specialist had entered into an employee who is agreement with the employer to have superannuation contributions made to a member superannuation fund other than a fund established under legislation listed in subclause (f) above, the employer will continue to base contributions to that fund on the superannuable salary to the same extent as applied before the Staff Specialist sacrificed that amount of salary to superannuation. This clause applies even though the superannuation contributions made by the employer may be in excess 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, guarantee requirements after the salary sacrifice arrangement has no effect on is implemented. (h) Any pre-tax and post-tax payroll deductions must be taken into account prior to determining the employee’s annual rate amount of available salary for to be sacrificed. Such payroll deductions may include but are not limited to superannuation purposes)payments, HECS payments, child support payments, judgement debtor/garnishee orders, union fees and private health fund membership fees.

Salary Sacrifice for Superannuation. An 18.1 Not withstanding the wages prescribed under sub clause 17.3 of this agreement, an employee other than a temporary or casual may elect, subject to the agreement of Sydney Ferries, to sacrifice a portion of the base wage payable under sub clause17.3 to additional employer Superannuation contributions. Such election must be made prior to the commencement of the period of service to which the earnings relate. The amount sacrificed must not exceed Fifty (50) percent of the base rate nominated in sub clause 17.3 or fifty percent of the currently applicable superannuable wage, whichever is the lesser. In this clause, "superannuable salary" means the employees wage as notified from time to time to the New South Wales public sector superannuation trustee corporations. 18.2 Where an employee has elected to sacrifice a portion of that payable wage to additional employer superannuation contributions: 18.3 Subject to Australian Taxation Law, the sacrificed portion of wage will reduce the wage subject to appropriate taxation deductions by the amount of that sacrificed portion; and 18.4 Any allowance, penalty rate, payment for unused leave entitlements, weekly workers compensation or other payment, other than any payments for leave taken in service, to which an employee is entitled under this Agreement or any applicable Award, or statute which is expressed to be determined by reference to an employee’s wage, shall be calculated by reference to the wage which would have applied to the employee under clause 17.3 of this agreement in the absence of any salary sacrifice to superannuation made under this Agreement. 18.5 The employee may choose elect to have the portion of payable wage, which is sacrificed to additional employer superannuation contributions: (i) Paid into the superannuation scheme established under the First State Superannuation Act 1992 as optional employer contributions; or (ii) Subject to the Department’s or agency’s agreement, paid into a private sector complying superannuation scheme as employer superannuation contributions. 18.6 Where an employee elects to salary sacrifice salary for employer superannuation contributions in terms of clause 18.3 above, the Department or agency will pay the sacrificed amount 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 relevant superannuation fund. (b) An 18.7 Where the 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 a superannuation scheme established under: (i) the CSS, NTSSS Superannuation Xxx 0000. (ii) Xxx Xxxxx Xxxxxxxxxxx Xxxxxxxxxxxxxx Xxx 0000. (iii) Xxx Xxxxx Xxxxxxxxxxx Xxx-Xxxxxxxxxxxx Xxxxxxxxxxxxxx Xxx 0000; or (iv) Xxx Xxxxx Xxxxx Xxxxxxxxxxxxxx Xxx 0000. The employees Department or NTGPASS enters into a salary sacrifice for Agency must ensure that the amount of any additional employer superannuation arrangementcontributions specified in sub clause 18.1 above is included in the e mployee’s superannuable salary which is notified to the New South Wales public sector superannuation trustee corporations. 18.8 Where, prior to electing to sacrifice a portion of his/her salary to superannuation, an employee had entered into an agreement with his/her Department or Agency to have superannuation contributions made to a superannuation fund other than a fund established under legislation listed in sub clause 18.5 above, the employee’s annual rate Department or agency will continue to base contributions to that fund on the base wage payable under clause 17.4 to the same extent as applied before the employee sacrificed portion of that salary for to superannuation. This clause applies even though the superannuation purposes will remain at contributions made by the rate set out department or agency may be in this Agreement (that is, excess of Superannuation guarantee requirements after the salary sacrifice arrangement has no effect on the employee’s annual rate of salary for superannuation purposes)is implemented.

Salary Sacrifice for Superannuation. An (I) Notwithstanding the wage rates prescribed by Attachment A, Table 1 of this Agreement, an employee may choose elect to salary sacrifice salary for a portion of the wage payable under Attachment A, Table 1 of this Agreement, to additional employer superannuation contributions into a complying superannuation fundcontributions. Such election must be made prior to the commencement of the period of service to which the earnings relate. The arrangement amount sacrificed must not exceed fifty (50) percent of the base wage payable under Attachment A, Table 1 or fifty (50) percent of the currently applicable "superannuable salary", whichever is available the lesser. In this Attachment, "superannuable salary" means the employee's salary as required to all employees and participation is at be notified to the discretion New South Wales public sector superannuation trustee corporations. (II) Where the employee has elected to sacrifice a portion of an individual employee. Under the arrangement the following conditions applythat payable salary to additional employer superannuation contributions: (a) An employee who currently has their employer superannuation guarantee contributions paid subject to a ‘Choice Australian Taxation law, the sacrificed portion of Fund’ superannuation fund (eg. employed after 10 August 1999) may salary sacrifice into will reduce the salary subject to appropriate PAYE taxation deductions by the amount of that fund or another complying superannuation fund.sacrificed portion; and (b) An any allowance, penalty rate, payment for unused leave entitlements, weekly worker's comp ensation or other payment, other than any payments for leave taken in service, to which an employee who currently contributes 6% is entitled under this Agreement or any other applicable Certified Agreement, Act or statute which is expressed to be determined by reference to an employee's salary, shall be calculated by reference 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 which would have applied to the Commonwealth Superannuation Scheme (CSS) is not able to salary sacrifice into the schemeemployee under Attachment A, 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 Table 1 of this Agreement in the absence of the any salary sacrifice arrangementsto superannuation made under this Agreement. (gIII) When an The employee who may elect to have the portion of payable salary which is a member of the CSS, NTSSS or NTGPASS enters into a salary sacrifice for sacrificed to additional employer superannuation arrangement, contributions: 1. paid into the employee’s annual rate of salary for superannuation purposes will remain at scheme established under 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).First State Superannuation Act 1992 as optional employer contributions; or