Common use of Superannuation during parental leave Clause in Contracts

Superannuation during parental leave. (a) From the FFPPOOA 22 August 2023, the Employer will make superannuation contributions throughout any period of parental leave, paid or unpaid. (b) Such contributions will be calculated as follows: (i) The Employee's ordinary time earnings as defined in the Superannuation Guarantee (Administration) Act 1992 (Cth) calculated on the Employee's pre salary packaging earnings and any additional amounts consistent with the trust deed of the superannuation fund over 26 full pay periods immediately prior to commencing parental leave and divided by 52 (Weekly Parental Leave Super Contribution); (ii) The Weekly Parental Leave Super Contribution will be paid during each week of Parental Leave (both paid and unpaid) save that: A. the Employee will receive a pro rata payment for a period less than one week; and B. where, during the period of parental leave (either paid or unpaid), the Employee's rate of pay increases under subclause 23.2, the Employee's pre salary packaging earnings as calculated above will be increased accordingly from the relevant date and superannuation paid on the increased amount.

Appears in 3 contracts

Samples: Enterprise Agreement, Enterprise Agreement, Enterprise Agreement

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Superannuation during parental leave. (a) From the FFPPOOA 22 August 2023, the The Employer will make superannuation contributions throughout any period of parental leave, paid or unpaid. , that commences on or after the first full pay period commencing on or after the commencement of this Agreement for a period of twelve (b12) Such contributions months per birth or adoption. Contributions will be calculated as follows: (ia) The the Employee's ordinary time earnings as defined in the Superannuation Guarantee (Administration) Act 1992 (Cth) calculated on the Employee's pre salary packaging earnings and any additional amounts consistent with the trust deed of the superannuation fund over 26 full pay periods immediately prior to commencing parental leave and divided by 52 (Weekly Parental Leave Super Contribution);. Where an Employee has been employed for less than 26 full pay periods (52 weeks) the calculations will be done over the relevant shorter period of employment, as the case may be; and (iib) The the Weekly Parental Leave Super Contribution outlined above will be paid during each week of Parental Leave (both paid and unpaid) save that: A. (i) the Employee will receive a pro rata payment for a period less than one (1) week; and B. (ii) where, during the a period of Employer paid parental leave (either paid or unpaid)leave, the Employee's rate of pay increases under subclause 23.2increases, the Employee's pre salary packaging earnings as calculated above will be increased accordingly from the relevant date and superannuation paid on the increased amount.

Appears in 1 contract

Samples: Enterprise Agreement

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Superannuation during parental leave. (a) from 1 July 2021β€Œ From the FFPPOOA 22 August 20231 July 2021, the Employer will make superannuation contributions throughout any period of parental leave, paid or unpaid. (b) . Such contributions will be calculated as follows: (ia) The Employee's ordinary time earnings as defined in the Superannuation Guarantee (Administration) Act 1992 (Cth) calculated on the Employee's pre pre- salary packaging earnings and any additional amounts consistent with the trust deed of the superannuation fund over 26 full pay periods immediately prior to commencing parental leave and divided by 52 (Weekly Parental Leave Super Contribution); (iib) The Weekly Parental Leave Super Contribution will be paid during each week of Parental Leave (both paid and unpaid) save that: A. (i) the Employee will receive a pro rata payment for a period less than one (1) week; and B. (ii) where, during the period of parental leave (either paid or unpaid), the Employee's rate of pay increases under subclause 23.2clause 25.2, the Employee's pre pre-salary packaging earnings as calculated above will be increased accordingly from the relevant date and superannuation paid on the increased amount.

Appears in 1 contract

Samples: Enterprise Agreement

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