Superannuation. 13.1 The Employer shall contribute, on behalf of the Employee, superannuation to a fund that will be nominated by the Employer, in accordance with the requirements of the relevant, prevailing superannuation legislation.
Superannuation. The company shall be, and remain during the life of this agreement, a participating employer in the Construction and Building Unions Superannuation Scheme (C+BUS). No employee shall commence employment unless he/she is a registered worker in the C+BUS Scheme. The level of contributions paid on behalf of each employee shall be as follows: from 1/7/03 $95 from 1/7/04 $100 from 1/7/05 $110 The above contribution rates do not limit the company’s liability under the Superannuation Guarantee Charge (SGC). All superannuation contributions shall be paid monthly as required by the trust deed. The company will sign, at the same time as it signs this agreement, a Variation to the C+BUS trust deed to reflect this agreement. Where an employee wishes to have their pay salary sacrificed for additional superannuation, the company will comply with the employee’s request without unreasonable delay. All entitlements and benefits contained in this agreement will be calculated on the pre-salary sacrifice pay rate. Where a CFMEU Official requests to examine the superannuation records to confirm compliance, they are entitled to do so.
Superannuation. The Company will pay superannuation contributions into either the NESS Superannuation Scheme, XXXX or the C+BUS Superannuation Fund for each employee. It is hereby agreed that either of these superannuation funds will be the sole fund utilised under this Agreement. The contribution rate shall be as required by the Superannuation Guarantee Legislation. All superannuation contributions will be paid monthly as required by the Trust Deed.
Superannuation. 33.1 It is agreed that the default fund under this agreement shall be BUSSQ.
33.2 All Employees shall be entitled to receive Employer superannuation contributions and shall also co-contribute a minimum amount from their wages.
33.3 On projects where the Total Cost of Work is $50m or greater, the Employer will contribute on behalf of each Employee the following minimum weekly amount: Date 1/7/2023 1/7/2024 1/7/2025 1/7/2026 1/07/2027 Super $285/week $297/week $310/week $323/week $345/week
33.4 On projects where the Total Cost of Work is $50m or greater, every Employee shall co- contribute by way of salary sacrifice the following minimum weekly amount: Date 1/7/2023 1/7/2024 1/7/2025 1/7/2026 1/07/2027 Co-Cont. $72/week $75/week $78/week $81/week $85/week 33.5 The contributions in clauses 33.3 and 33.4 shall be in addition to all other entitlements prescribed by this Agreement.
Superannuation. 23.1 Superannuation contributions must be paid in accordance with this clause and the Superannuation Guarantee Administration Act 1992 (Cth), which will satisfy the Employer’s obligation regarding making superannuation contributions under the NES.
23.2 Subject to applicable legislation regarding choice of fund and/or stapled funds, the Employer will make superannuation payments on behalf of each Employee into CBUS as the default fund.
23.3 The level of contributions paid on behalf of each Employee (other than an Apprentice) will be, at a minimum, $280 per week.
23.4 Pro-rata payment does not apply, except in the case of flexible working arrangements entered into pursuant to clause 14.2..
23.5 The level of contributions paid on behalf of each Apprentice must be, at a minimum: 1st Year - 55% 2nd Year – 70% 3rd Year – 85% 4th Year – 100% Minimum contribution $154.00 $196.00 $238.00 $280.00
23.6 The above contributions may be counted by the Employer as an offset against any payments otherwise required to be made by the Employer to avoid the Employer being required to pay the superannuation guarantee charge under
23.7 All superannuation contributions will be paid at least monthly subject to the relevant governing trust deed, rules and/or legislation.
Superannuation. The subject of superannuation is dealt with extensively by legislation including the Superannuation Guarantee (Administration) Act 1992, the Superannuation Industry (Supervision) Act 1993 and the Superannuation (Resolution of Complaints) Act 1993. This legislation, as varied from time to time, will govern the superannuation rights and obligations of the parties.
Superannuation. It is agreed between the parties that the Employer will pay weekly superannuation contributions for employees on a monthly basis, (no later than the 14th day of the following month) into CONNECT or C+BUS industry superannuation funds for employees that are engaged under the Agreement (the employee shall determine the fund on commencement). The Superannuation Guarantee (Administration) Act 1992 (SGAA) and the Superannuation Guarantee Charge Act 1992 (SGCA) determines the payment. The contribution rate is currently 9% of Ordinary Time Earnings provided the minimum weekly payment (for other than apprentices) shall be $85.00. No employee shall be disadvantaged by the application of this Clause. It is agreed that Ordinary Time Earnings includes: • The full wage specified in this Agreement (pre - salary sacrifice arrangements). • Travel Time Allowance. • Fares allowance (only where the employee is provided with a vehicle etc.). • All ‘site allowances’ paid during ordinary time. • Shift Allowances • Any other components defined in the Superannuation Guarantee Legislation • Casual Loading Superannuation contributions will be applicable for periods of authorised absence including periods when employees are on WorkCover payments.
Superannuation. (a) Superannuation legislation Superannuation legislation, including the Superannuation Guarantee (Administration) Act 1992 (Cth), the Superannuation Guarantee Charge Act 1992 (Cth), the Superannuation Industry (Supervision) Act 1993 (Cth) and the Superannuation (Resolution of Complaints) Act 1993 (Cth), deals with the superannuation rights and obligations of employers and employees. Under superannuation legislation individual employees generally have the opportunity to choose their own superannuation fund. If an employee does not choose a superannuation fund, any superannuation fund nominated in the agreement covering the employee applies. The rights and obligations in these clauses supplement those in superannuation legislation.
(b) Employer contributions An employer must make such superannuation contributions to a superannuation fund for the benefit of an employee as will avoid the employer being required to pay the superannuation guarantee charge under superannuation legislation with respect to that employee.
(c) Casual employees An employer must make such superannuation contributions to a superannuation fund for the benefit of a casual employee who has earned in excess of $2000 ordinary time earnings during their employment in the course of any one year (1 July to 30 June).
(d) Voluntary employee contributions
i. Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post-taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in clause 19(b).
ii. An employee may adjust the amount the employee has authorised their employer to pay from the wages of the employee from the first of the month following the giving of three months’ written notice to their employer.
iii. The employer must pay the amount authorised under clauses 19 (d)(i) or 19(d)(ii) no later than 28 days after the end of the month in which the deduction authorised under clauses 19d)(i) or 19(d)(ii) was made.
(e) Superannuation fund Unless, to comply with superannuation legislation, the employer is required to make the superannuation contributions provided for in clause 19(b) to another superannuation fund that is chosen by the employee, the employer must make the superannuation contributions provided for in clause 20(b) and pay the amount authorised under clauses 19(d)(i) or 19(d)(ii) to on...
Superannuation. The Company shall contribute superannuation payments for all employees to the CBUS fund or other fund nominated by the Company. The rate of contribution shall be 9% of ordinary time earnings (as defined by the Superannuation Guarantee (Administration Act) 1992), or as specified in the applicable legislation. Superannuation contributions shall be made on a pro rata basis per ordinary day worked or while employees are on paid leave. No superannuation contributions shall be made for unpaid leave. Employees earning less than $450 per month shall not be entitled to any superannuation contribution.
Superannuation. Superannuation contributions will be paid as required under the Superannuation Guarantee (Administration) Act 1992, as amended from time to time, to a complying Fund.
