Superannuation definition

Superannuation. , in relation to an employee, means the attainment by the employee of such age as is fixed in the contract or conditions of service, as the age on the attainment of which the employee shall vacate the employment:

Superannuation is the compulsory Employer contribution governed by superannuation legislation, as varied from time to time, and placed into a complying superannuation fund by the Employer on behalf of the Employee. Superannuation is paid in addition to the Base Rate.

Superannuation means contributions made in accordance with the Superannuation Guarantee (Administration) Act 1992;

Examples of Superannuation in a sentence

• However, the above contribution rates do not limit the Employer’s liability under the Superannuation Guarantee (Administration) Act 1992 (Cth).

• The rates as calculated under Superannuation in this Agreement have been calculated using the agreed industry formula as follows: 12% of the sum of: CW3 – Carpenters rate (36 hours); Site allowance p/h ($50m project); leading hand rate (2-5) p/h; and fares and travel 5-day week.

• Each hour paid will be at the Employee’s Total Annualised Salary Rate, plus Superannuation, and taxed at the applicable rate.

• Employer means SCAFFOLD LOGISTICS PTY LTD ABN: 47 132 697 422 Fair Work Act means the Fair Work Act 2009 (Cth) as varied from time to time; Industry RTO means as defined in clause 32.4; Ordinary Rate means the hourly rate of pay for the ordinary hours of work as listed in Appendix B; Ordinary Time Earnings for all purposes in this agreement has the same definition as defined by Superannuation Guarantee Ruling 2009/2.

• Ventia shall make a superannuation contribution of 10% of ordinary time earnings as required by Superannuation Guarantee Levy Legislation for each employee whilst they are engaged with the Company.

More Definitions of Superannuation

Superannuation means a system under Australian law where by employers are required to make contributions to an approved fund in order to provide for the employee’s retirement, or at the death of this employee;

Superannuation in relation to an employee, means the attainment by the employee of the age of superannuation as per notified Rules of the Corporation and as per the terms of employment applicable to him. In case of Functional Directors and CMD, it will mean the date till when their contract of employment is valid / in force.

Superannuation means all contributions to a complying superannuation fund, and includes (without limitation) any superannuation contributions required to be made under the Superannuation Guarantee (Administration) Act 1992 (Cth), and any additional superannuation contributions made by way of salary sacrifice.

Superannuation means contributions made in accordance with the

Superannuation means in respect of each employee the date on which he attains the age of 58 years.

Superannuation means termination of the services of an employee by the employer when the employee reaches the age of sixty years or such other age, if any, fixed in the contract of service;

Superannuation means the retirement of an employee after the attainment of such age as prescribed by the Statutory Authority.