Salary Sacrifice Packaging. Salary packaging will be made available where it is tax effective for employees and Company systems can accommodate it. Administration costs will be borne by employees. An education program will be delivered during 2003 for Companies and employees to learn the advantages of salary packaging. An agreed provider approved by both NECA and the ETU will be utilised to provide these services. Where it is agreed between the Company and the employee that an employee wishes to have their pay salary sacrificed for additional superannuation or severance, the Company will comply with the employee’s request within two weeks. Details of any salary sacrifice arrangements shall be reflected on the employees pay slip. Employees who elect to sacrifice a proportion of their wages to the C+BUS or CONNECT superannuation fund or PROTECT Severance Fund may request that the Company make deductions from gross income. These arrangements shall be altered only twice a year if requested. In order to gain the benefit from making superannuation contributions from gross earnings salary sacrifice to superannuation may be agreed between the parties and must legally fulfil SGAA and Australian Taxation Office (ATO) requirements. Any salary sacrifice arrangements entered into between the parties shall: • not disadvantage the employee or the Company in any way, • be effective only on the written authority of the employee, • immediately be stopped at the written request of the employee • have a statement provided to the employee detailing the salary sacrifice at the end of each financial year, • not reduce or alter the Company’s superannuation contribution calculation or obligation to pay superannuation under SGAA or SGCA, • not reduce the employee’s hourly all-purpose rate of pay for the purposes of Award entitlements (including accrued entitlements and the application of penalty rates), • immediately be reviewed in the event of any change to any relevant act(s) or ATO rulings. Where an employee elects to salary sacrifice, the employee may receive less actual pay than their classification rate specified in this Agreement (ie. the classification rate less the salary sacrifice amount).
Salary Sacrifice Packaging. An employee may choose to enter into salary sacrifice packaging arrangements in compliance with Commonwealth taxation legislation and any rules and regulations imposed by the Australian Taxation Office or other relevant authority. These salary sacrifice packaging arrangements meet the full obligations of the employer in relation to salary payments required under this Agreement. Under the arrangement the following conditions apply:
(a) the arrangement operates at no additional cost to the Northern Territory Government, either directly or indirectly;
(b) salary sacrifice arrangements may cease or be modified to reflect any changes to the Commonwealth taxation legislation or rules. Any additional taxation liability arising from these changes will be met by the employee;
(c) an employee will meet any administration costs as part of the salary package arrangements, including any Fringe Benefits Tax liabilities that may arise;
(d) an employee’s salary for superannuation purposes, and severance and termination payments, will be the gross salary which they would have been received had the employee not entered into a salary sacrifice packaging arrangements; and
(e) an employee will provide evidence of having obtained or waived their right to obtain independent financial advice prior to entering into a salary sacrifice packaging arrangement.
Salary Sacrifice Packaging. 48.1 Under this Agreement an employee may choose to enter into salary sacrifice packaging arrangements in compliance with Commonwealth taxation legislation and any rules and regulations imposed by the Australian Taxation Office (ATO) or other relevant authority. These salary sacrifice packaging arrangements meet the full obligations of the employer in relation to salary payments required under this Agreement. Under the arrangement the following conditions will apply:
(a) the arrangement operates at no additional cost to the Northern Territory Government either directly or indirectly;
(b) an employee employed on a fixed period basis for less than 12 months may only have access to salary sacrifice packaging with the approval of the CEO;
(c) salary sacrifice arrangements may cease or be modified to reflect any changes to the Commonwealth taxation legislation or rules. Any additional taxation liability arising from these changes will be met by the employee;
(d) an employee shall meet any administration costs as part of the salary package arrangements, including any Fringe Benefit Tax liabilities that may arise;
(e) an employee’s salary for superannuation purposes and severance and termination payments shall be the gross salary which would have been received had the employee not entered into a salary sacrifice packaging arrangement; and
(f) an employee will provide evidence of having obtained or waived his/her right to obtain independent financial advice prior to entering into a salary sacrifice packaging arrangement.
Salary Sacrifice Packaging. Under this Agreement an employee may choose to enter into salary sacrifice packaging arrangements in compliance with Commonwealth taxation legislation and any rules and regulations imposed by the Australian Taxation Office or other relevant authority. These salary sacrifice packaging arrangements meet the full obligations of the employer in relation to salary payments required under this Agreement. Under the arrangement the following conditions will apply:
Salary Sacrifice Packaging. This is clause 48 in the current Agreement. There is no change to this clause.
Salary Sacrifice Packaging. Under this Agreement an employee may choose to enter into salary sacrifice packaging arrangements in compliance with Commonwealth taxation legislation and any rules and regulations imposed by the Australian Taxation Office or other relevant authority. These salary sacrifice packaging arrangements meet the full obligations of the employer in relation to salary payments required under this Agreement. Under the arrangement the following conditions shall apply:
(a) the arrangement operates at no additional cost to the Northern Territory Government either directly or indirectly;
(b) salary sacrifice arrangements may cease or be modified to reflect any changes to the Commonwealth taxation legislation or rules. Any additional taxation liability arising from these changes shall be met by the employee;
Salary Sacrifice Packaging. Salary packaging will be made available where it is tax effective for employees and Company systems can accommodate it. Administration costs will be borne by employees. An education program will be delivered during 2003 for Companies and employees to learn the advantages of salary packaging. An agreed provider approved by both NECA and the ETU will be utilised to provide these services. Where it is agreed between the Company and the employee that an employee wishes to have their pay salary sacrificed for additional superannuation or severance, the Company will comply with the employee’s request within two weeks. Details of any salary sacrifice arrangements shall be reflected on the employees pay slip. Employees who elect to sacrifice a proportion of their wages to the C+BUS or CONNECT superannuation fund or PROTECT Severance Fund may request that the Company make deductions from gross income. These arrangements shall be altered only twice a year if requested. In order to gain the benefit from making superannuation contributions from gross earnings salary sacrifice to superannuation may be agreed between the parties and must legally fulfil SGAA and Australian Taxation Office (ATO) requirements. Any salary sacrifice arrangements entered into between the parties shall: • not disadvantage the employee or the Company in any way, • be effective only on the written authority of the employee, • immediately be stopped at the written request of the employee • have a statement provided to the employee detailing the salary sacrifice at the end of 34Page 35 35Page 36 36Page 37 37Page 38 38Page 39 39Page 40 40Page 41 41Page 42 42Page 43 43Page 44 44Page 45 45Page 46 46Page 47 47Page 48 48Page 49 49Page 50 50Page 51 51Page 52 52Page 53 53Page 54 54Page 55 55Page 56 56Page 57 57Page 58 58Page 59 59Page 60 60Page 61 61Page 62 62Page 63 63Page 64 64Page 65 65Page 66 66Page 67 67Page 68 68Page 69 69Page 70 70Page 71 71Page 72 72Page 73 73Page 74 74Page 75 appendix A Payable from the first pay period on or after the date specified
Salary Sacrifice Packaging. 49.1 Under this Agreement an employee may choose to enter into salary sacrifice packaging arrangements in compliance with Commonwealth taxation legislation and any rules and regulations imposed by the Australian Taxation Office (ATO) or other relevant authority. These salary sacrifice packaging arrangements meet the full obligations of the employer in relation to salary payments required under this Agreement. Under the scheme the following conditions shall apply:
(a) The scheme operates at no additional cost to the Northern Territory Government either directly or indirectly;
(b) An employee employed on a temporary contract for less than 12 months may only have access to salary sacrifice packaging with the approval of the MD;
(c) Salary sacrifice arrangements may cease or be modified to reflect any changes to the Commonwealth taxation legislation or rules. Any additional taxation liability arising from these changes shall be met by the employee;
(d) An employee shall meet any administration costs as part of the salary package arrangements, including any Fringe Benefit Tax liabilities that may arise;
(e) An employee’s salary for superannuation purposes and severance and termination payments shall be the gross salary which would have been received had the employee not entered into a salary sacrifice packaging arrangement; and
(f) An employee shall provide evidence of having obtained or waived his/her right to obtain independent financial advice prior to entering into a salary sacrifice packaging arrangement.
49.2 Power and Water agrees to implement salary sacrificing for electricity, water and sewerage charges on a no-cost basis, provided further consideration of the matter reveals that there are no legislative or other impediments which render it unfeasible. To this end:
(a) A small working party comprising Human Resources, Finance and other subject matter experts shall convene within three months of lodgement of this Agreement to further consider the matter;
(b) The working party shall report its progress and outcomes through the JCC; and
(c) The JCC shall make a recommendation in relation to the feasibility or otherwise of the matter to the EMC.
Salary Sacrifice Packaging. This is clause 32 in the current Agreement. There has been a minor change to allow employees with less than 12 months service to access salary packaging provisions without needing CEO approval.
Salary Sacrifice Packaging. 29.1 The Parties agree to maintain arrangements enabling employees to salary sacrifice packaging with the objective of maximising the opportunities to increase the net value of remuneration subject to:
29.1.1 There being no additional cost to the DPC, either directly or indirectly;
29.1.2 Employees employed for less than 12 months to have access at the discretion of the CEO;
29.1.3 Arrangements ceasing or being modified to reflect any changes to relevant Federal legislation with any additional taxation liability being met by the employee;
29.1.4 The cost of administering the agreement, as part of the salary sacrifice arrangements, including Fringe Benefits Tax (FBT) , being met by the employee, or subject to the approval of the CEO, on a case by case basis, the Corporation will pay the administration costs.
29.1.5 An employee’s salary for superannuation purposes, and severance and termination payments being the gross salary which they would have received if not taking part in salary sacrifice arrangements;
29.1.6 Employees providing evidence of receiving or waiving their right to receive, independent financial advice before taking up salary sacrifice arrangements; and
29.1.7 The consideration in relation to the application of the FBT and the equity issues that raises.
29.1.8 Where practicable, arrangements will be developed under this clause to enable excess leave to be salary sacrificed consistent with clause 9.
