Salary Sacrificing. (i) The following definitions will apply for the purposes of this clause:
(a) Fringe Benefits Tax' (FBT): Means tax imposed by the Fringe Benefits Tax Act 1986. The FBT Year refers to the employer's FBT return period of 1 April to 31 March each year.
Salary Sacrificing. 16.1 An employee may elect to sacrifice 50% of salary payable under this Agreement, and also where applicable the payments payable via the employer to the employee under the Paid Parental Leave Act 2010.
16.2 Despite clause 16.1 above, employees may sacrifice up to 100% of their salary for superannuation.
16.3 The individual salary packaging arrangements of any employee will remain confidential at all times. Proper audit procedures will be put in place which may include private and/or Auditor-General reviews. Authorised union officials will be entitled to inspect any record of the employer and external salary packaging bureau service to ensure compliance with the salary sacrificing arrangements, subject to the relevant industrial legislation.
16.4 For the purposes of determining what remuneration may be sacrificed under this clause, ‘Salary’ means the salary payable under Schedule 1 to this Agreement, and also where applicable the payments payable via the employer to the employee under the Paid Parental Leave Act 2010.
16.5 Salary sacrificing arrangements will be made available to the following employees covered by this Agreement in accordance with Office of Industrial Relations Circular C1- 18 (Arrangements for Salary Packaging) and any other relevant Office of Industrial Relations Circulars issued from time to time:
(a) permanent full time and part time employees;
(b) temporary full time and part time employees; and
(c) long-term casual employees as determined by the Industrial Relations Act 2016 (Qld).
Salary Sacrificing. 2.3.1 This clause is to be read in conjunction with Clause 16 of the Medical Officers (Queensland Health)
Salary Sacrificing. In accordance with Government legislation and the relevant University policy, eligible employees may participate in a flexible salary packaging scheme. Under salary sacrificing or packaging schemes, an employee can agree to take the salary component of the total remuneration as cash salary or select a combination of cash salary and approved benefits to suit the employee’s individual needs. Participation in salary sacrificing or packaging will not affect salary for superannuation purposes or any other purpose.
Salary Sacrificing. 3.5.1 Subject to the rules of the relevant superannuation fund(s), Employees may, at their option, sacrifice some of their wages as superannuation contributions.
3.5.2 Subject to the rules of the relevant superannuation fund(s), Employees may sacrifice any bonus payments, which they receive, as superannuation contributions. In accordance with Australian tax law requirements, an Employee must make the election to sacrifice bonus payments at the beginning of the financial year in which such payments commence.
Salary Sacrificing.
3.2.1. By agreement an eligible Medical Officer, the current rate of pay specified in
3.2.2. Schedule One of this Agreement, may be salary packaged, in accordance with Mater Policy and applicable legislation.
Salary Sacrificing. Subject to the rules of the relevant superannuation fund(s), employees may sacrifice some of their wages as superannuation contributions.
Salary Sacrificing. By mutual agreement between the Employer and the Employee, an Employee may sacrifice any portion of their wage provided that any such arrangements comply with all relevant legislative requirements as well as the Employer’s policy on salary sacrificing. The Employer shall only consider requests that are cost neutral to the Employer.
Salary Sacrificing. 3.2.1 Salary packaging arrangements may be available to eligible Medical Officers in accordance with applicable legislation.
Salary Sacrificing. 3.2.1. By agreement with an eligible VMO, the current rate of pay specified in Schedule One of this Agreement, may be salary packaged in accordance with Mater Policy as amended by Mater from time to time and applicable legislation.
