Examples of Approved Worker Entitlement Fund in a sentence
The redundancy pay scheme must be an Approved Worker Entitlement Fund under the Fringe Benefits Tax Regulations 1992.
The redundancy pay scheme must be endorsed as an Approved Worker Entitlement Fund under Division 426 in Schedule 1 to the Taxation Administration Act 1953 (Cth).
The amount standing to a Member Account may on the written request of such Member be paid or transferred to the trustee of another Approved Worker Entitlement Fund which makes provision for redundancy benefits.
The receipt of the trustee of the Approved Worker Entitlement Fund to which the transfer is made shall be a complete discharge to the Trustee in respect of any money or asset so paid or transferred.
The Nominated Redundancy Fund will be ReddiFund Ltd, unless an Employee nominates another fund by an application in writing to the Employer and it is an Approved Worker Entitlement Fund under the Fringe Benefits Tax Assessment Act 1986 (Cth).
The Company may change to another Approved Worker Entitlement Fund, that operates at arms-length from the Company, if agreed by the employees in line with clause 23.7. If such a change occurs, all references to Protect in this Agreement are to be read as the new fund.
Subject to this Deed and always to the Objectives, the Trustee has the power to apply (on behalf of NEST) to become an Approved Worker Entitlement Fund.
Agreement means, in relation to a Division, an industrial instrument that the Trustee and the Division Sponsors or if there is no Division Sponsor, the applicable Employee Organisation and Employer Organisation (if any) agree is the industrial instrument that sets out a Member’s underlying obligations to its employees to make contributions to an Approved Worker Entitlement Fund such as the Scheme.
The Trustee may alter the Accounting Period to a period of 12 months ending on any other date; Approved Worker Entitlement Fund has the meaning given in section 58PB of the Fringe Benefits Tax Assessment Act 1986.
During the life of this Agreement, the Company may change to another Approved Worker Entitlement Fund, that operates at arms-length from the company, if agreed by the Employees.