Salary Sacrifice to Superannuation. (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation.
(b) Salary sacrifice to superannuation means the option of making additional superannuation contributions by electing to sacrifice a portion of the gross earnings (pre tax dollars). This will give the effect of reducing the taxable income by the amount for salary sacrifice.
(c) Employers will not use any amount that is salary sacrificed by an employee to count towards the employer’s obligation to pay contributions under the SG legislation.
(d) Contributions payable by the employer in relation to the SG legislation shall be calculated by reference to the salary which would have applied to the employee under this Agreement in the absence of any salary sacrifice.
(e) Any additional superannuation contributions made in accordance with this clause shall be paid into the same superannuation fund that receives the employer’s SG contributions.
(f) Any allowance, penalty rate, overtime payment for unused leave entitlements, other than any payments for leave taken whilst employed, shall be calculated by reference to the salary which would have applied to the employee in the absence of any salary sacrifice to superannuation. Payment for leave taken whilst employed will be at the post-salary sacrificed amount
Salary Sacrifice to Superannuation. (a) Salary Sacrifice to Superannuation means the option of making additional superannuation contributions by electing to sacrifice a portion of the gross earnings (pre tax dollars) under the parent awards. This will give the effect of reducing the taxable income by the amount for salary sacrifice.
(b) Salary sacrifice to superannuation shall be offered to employees by mutual agreement between the employee and employer.
(c) Such election must be made prior to the commencement of the period of service to which the earnings relate.
(d) One change of a sacrificed amount will be permitted in an employee's anniversary year, which is 12 months from the date of commencement of employment, without incurring an administration charge ($50). Changing from full-time to part-time or part-time to full-time employment will not be classified as a change for administration charge purposes.
(e) The amount sacrificed must not exceed any relevant superannuation guarantee contribution limit.
(f) The sacrificed portion of salary reduces the salary subject to PAYG Taxation deductions.
(g) Any allowance, penalty rate, overtime payment for unused leave entitlements, other than any payments for leave taken whilst employed, shall be calculated be reference to the salary which would have applied to the employee in the absence of any salary sacrifice to superannuation. Payment for leave taken whilst employed will be at the post salary sacrificed amount.
(h) Salary sacrifice arrangements can be cancelled by either the employer or employee at any time provided either party gives one months notice. The employer has the right to withdraw from offering salary sacrifice to employees without notice if there is any alteration to relevant Australian Taxation legislation.
(i) Contributions payable by the employer in relation to the Superannuation Guarantee Legislation shall be calculated by reference to the salary which would have applied to the employee under this Agreement in the absence of any salary sacrifice.
(j) Employers will not use any amount that is salary sacrificed by an employee to negate contributions payable under the Superannuation Guarantee Legislation.
(k) The employee shall have the portion of payable salary that is sacrificed paid as additional employer superannuation contributions into the same superannuation fund that receives the employer's SGC contributions.
(l) Nothing in this clause shall affect the right of an employer to maintain alternate arrangements with respect to...
Salary Sacrifice to Superannuation. (i) The Employer and the Employee may enter into salary sacrifice arrangements by mutual agreement. Such arrangement shall be detailed in a separate document, executed between the Employer and the Employee upon commencement of Salary Sacrifice Arrangements. Both parties shall retain a copy of this separate document.
(ii) All Salary Sacrifice to Superannuation arrangements shall comply with the requirements of the Australian Taxation Authority and other relevant laws.
(iii) Employees will have the Superannuation Guarantee Contribution (SGC) calculated on their Base earnings per pay period prior to the application of any salary sacrifice arrangements.
(iv) One months notice by either party is required for change or termination of a Salary Sacrifice to Superannuation agreement, unless the change or termination is brought about by legislation or variation to this Agreement.
(v) Where the Employee receives a pay increase under this Collective Agreement, salary sacrifice arrangements shall continue to apply based on the previous base earnings, unless the Employee chooses to alter the sacrificed amount or percentage.
(vi) Where applicable, any payments of consideration shall be calculated by reference to the Base Rate which would have applied to the employee in the absence of any salary sacrifice to superannuation arrangements.
Salary Sacrifice to Superannuation. (a) Notwithstanding the provisions of Part III - SALARIES AND RELATED MATTERS, Clause 2 Salaries, by agreement with the employer, employees who elect in writing to do so, may enter into an agreement with the employer to sacrifice a component of their weekly ordinary time wage to superannuation.
(b) Employers will not provide financial advice to employees but will provide to them such salary details as are necessary for the employee to receive independent financial advice.
(c) Superannuation payments required under the Superannuation Guarantee (Administration) Xxx 0000 as amended from time to time must be calculated on the agreement wage rate as per Part III - SALARIES AND RELATED MATTERS, Clause 2 - Salaries as if no salary sacrifice arrangement were in place.
(d) If during the life of a salary sacrifice arrangement between the employer and the employee, the employee becomes entitled to workers compensation payments, or is in receipt of a redundancy payment, the employee will not receive less than the entitlements due if no salary sacrifice arrangements had been entered into with the employer.
(e) Annual Leave loading entitlements must be calculated on the agreement rate of pay as if no salary sacrifice arrangement were in place.
(f) Any increases through agreement amendments or Enterprise Bargaining shall be payable to employees covered by a salary sacrifice arrangement; such increase to be applied to the base rate of pay before salary sacrifice.
(g) Employees who have entered into a salary sacrifice arrangement will be given the opportunity to review such arrangement the time of salary increases and/or at times of changed economic circumstances of the employee, and to amend or withdraw from such an arrangement.
Salary Sacrifice to Superannuation. 8.2.1 An Employee may apply to Council to salary sacrifice any part of their salary to make additional contributions to the applicable superannuation fund in accordance with this Clause 8.
8.2.2 As salary sacrifice is a complex matter, it is the Employee’s responsibility to seek advice and fully understand all implications of salary sacrifice before seeking to enter into this arrangement.
8.2.3 The Employee’s substantive gross salary for all purposes, including but not limited to superannuation, annual leave and long service leave, shall be the pre-sacrificing salary. The Employee recognises that, as a consequence of entering into a salary sacrifice arrangement with the Council, there will be a reduction in the Employee’s actual net take-home pay.
8.2.4 Any such arrangement shall be by mutual agreement between each individual Employee and the Council, provided that approval by the Council shall not be unreasonably withheld.
8.2.5 The application shall be in writing and shall detail the percentage of salary to be salary sacrificed taking into consideration the Australian Taxation Office Contribution Caps. The remaining “cash” component cannot be lower than any minimum salary amount, which the Council may otherwise be required to satisfy in respect of an Employee.
8.2.6 Each Employee may vary the amount of salary sacrifice and withdraw from the arrangement at any time. The arrangement may only apply to future salary arrangements and cannot operate retrospectively. The Employee shall bear the responsibility and costs associated with taxation and any other matters in respect of the salary sacrifice arrangements. This means that contributions made to the applicable Superannuation Scheme will be adjusted (at the Employee’s cost) to take account of taxation payable in relation to those contributions.
8.2.7 Any information or figures provided on request by Council’s Payroll Officer to Employees on the implications of salary sacrificing will not constitute professional advice or a recommendation.
Salary Sacrifice to Superannuation. (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation.
(b) Salary sacrifice to superannuation means the option of making additional superannuation contributions by electing to sacrifice a portion of the gross earnings (pre-tax dollars). This will give the effect of reducing the taxable income by the amount for salary sacrifice.
(c) The Employer will not use any amount that is salary sacrificed by an employee to count towards the Employer’s obligation to pay contributions under the SG legislation.
(d) Contributions payable by the Employer in relation to the SG legislation shall be calculated by reference to the salary which would have applied to the employee under this Agreement in the absence of any salary sacrifice.
(e) Any additional superannuation contributions made in accordance with this clause shall be paid into the same superannuation fund that receives the Employer’s SG contributions.
Salary Sacrifice to Superannuation an employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation.
Salary Sacrifice to Superannuation. (i) An employee may elect to sacrifice some or all of the salary payable to them under this agreement to additional employer superannuation contributions. Such election must be made prior to the commencement of the period of service to which the earnings relate. Where the employee has elected to sacrifice a portion of that payable salary to additional employer superannuation contributions it will be:
(a) subject to Australian Taxation Law, the sacrificed portion of salary will reduce the salary subject to appropriate taxation deductions by the amount of that sacrificed portion; and
(b) any allowance, penalty rate, overtime, payment for unused leave entitlements, weekly worker’s compensation, or other payment, other than any payment for leave taken in service, to which an employee is entitled under the relevant award or any applicable Award, Act, or Statute which is expressed to be determined by reference to an employee’s salary, shall be calculated by reference to the salary which would have applied to the employee under the relevant award in the absence of any salary sacrifice to superannuation made under this award.
(ii) Where an employee elects to salary sacrifice in terms above, the employer will pay the sacrificed amount into the relevant superannuation fund.
(iii) St Vincent’s Private Hospital must ensure that the amount of any additional employer superannuation contributions specified in subclause (1) above is included in the employee’s superannuable salary that is notified to the relevant superannuation fund.
Salary Sacrifice to Superannuation. (i) Notwithstanding the salaries prescribed in Clause 9, Salaries, as varied from time to time, an employee may elect, subject to the agreement of HammondCare, to sacrifice a part or all of the salary payable under the salaries clause 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 together with any salary packaging arrangements under Clause 51, Salary Packaging, of this award may be made up to one hundred (100) per cent of the salary payable under the salaries clause, or up to one hundred per cent of the currently applicable superable salary, whichever is the lesser.
Salary Sacrifice to Superannuation. (i) Salary Sacrifice to Superannuation means the option of making additional superannuation contributions by electing to sacrifice a portion of the gross earnings (pre tax dollars) under the parent awards. This will give the effect of reducing the taxable income by the amount for salary sacrifice.
(ii) This clause shall not apply to any employee receiving remuneration in accordance with "Remuneration Packaging" provisions contained within the parent awards.
