Common use of Salary Sacrifice Packaging Clause in Contracts

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. 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(sAct(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. 22.1 Salary packaging will be made available where it is tax effective for employees and Company Employer 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. . 22.2 Where it is agreed between the Company Employer and the employee that an employee wishes to have their pay salary sacrificed for additional superannuation or severancesuperannuation, the Company Employer will comply with the employee’s request within two weeks. Details of any salary sacrifice arrangements shall be reflected on the employees pay slip. . 22.3 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 Employer make deductions from gross income. These arrangements shall be altered only twice a year if requested. . 22.4 In order to gain the benefit from making superannuation contributions from gross earnings earnings, salary sacrifice to superannuation may be agreed between the parties and must legally fulfil SGAA and Australian Taxation Office (ATO) requirements. 22.5 Salary sacrifice of severance contributions into superannuation (a) Subject to clause 22.5(a) an employee may, as an alternative (whether partial or complete) to the benefit set out in Appendix B clause 9.1, elect in writing to instead receive an additional contribution into the CBUS superannuation fund, by way of salary sacrifice. An employee may only make or alter an election under this clause once in any 12 month period, unless otherwise agreed. (b) This option is only available to employees who have had a minimum of 17 weeks’ pay paid into in their severance fund by the Employer (such amount being used to offset the redundancy entitlements that would otherwise apply under the NES in the event of redundancy). (c) For employees (other than apprentices) who make an election in accordance with clause 22.5(a), the additional contributions into superannuation will be equivalent to the amount sacrificed from the severance. 22.6 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. : 22.7 Where an employee elects to salary sacrifice, the employee may receive less actual pay than their classification rate specified in this Agreement (ie. i.e. the classification rate less the salary sacrifice amount).

Salary Sacrifice Packaging. 30.1 Salary packaging will be made available where it is tax effective for employees and Company Employer systems can accommodate it. Administration costs will be borne by employees. An education program will be delivered during 2003 for Companies It is important that employees seek financial advice (at their own expense) from an independent financial adviser, tax consultant or accountant before considering any salary sacrificing options and employees to learn the advantages of entering into any salary packaging. An agreed provider approved by both NECA and the ETU will be utilised to provide these services. sacrificing arrangement. 30.2 Where it is agreed between the Company Employer and the employee that an employee wishes to have their pay salary sacrificed for additional superannuation or severance, the Company Employer will comply with the employee’s request within two weeks. Details of any salary sacrifice arrangements shall be reflected on the employees employee’s pay slip. . 30.3 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 Employer make deductions from gross income. These arrangements shall be altered only twice a year if requested. . 30.4 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. . 30.5 Where an employee elects to salary sacrifice, the employee may receive less actual pay than their classification rate specified in this Agreement (i.e. the classification rate less the salary sacrifice amount). 30.6 Any salary sacrifice arrangements entered into between the parties shall: • not disadvantage the employee or the Company Employer in any way, • be effective only on the written authority of the employee, • immediately be stopped at the written request of the employee employee, • have a statement provided to the employee detailing the salary sacrifice at the end of each financial year, • not reduce or alter the CompanyEmployer’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 Salary sacrificing arrangements will continue during periods of leave under the same arrangements that exist as if the person was working. This will be subject to sufficient funds being available. If not, then the staff member would have to suspend or reduce the salary sacrificing arrangement. Salary sacrificing arrangements during periods of leave will not disadvantage the employee or the Employer in any way • Immediately be reviewed in the event of any change to any relevant act(sAct(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. 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(sAct(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).