Superannuation Salary definition

Superannuation Salary means an amount of salary which is determined under clause 2.7 for the purposes of superannuation laws.

Superannuation Salary means the annual rate of superannuation salary within the meaning of the Superannuation Act 1990 worked out on the assumption that the employee was a regular employee within the meaning of that Act. TPA means temporary performance allowance.

Superannuation Salary means an amount of salary which is determined under clause 2.7 for the purposes of superannuation laws, the calculation of separation benefits and payment in lieu of recreation leave.

Examples of Superannuation Salary in a sentence

• Employees may contribute more than the minimum in accordance with Clause 38, Superannuation Salary Sacrifice, below.

• Salary Amendment Date means the prospective date advised by the Employer to the Trustee as the date when the Employer and the member have agreed that the member’s Superannuation Salary will apply.

• Superannuation Salary means the amount advised to the Trustee by the Employer from time to time as the member’s salary for the purposes of the HS DB Rules (being an amount not less than the member’s Salary immediately before the Salary Amendment Date).

• Any additional amounts nominated by the employee in the form of Superannuation Salary Sacrifice or voluntary contributions shall also be paid into a superannuation scheme or fund as nominated by the employee provided the scheme or fund is a complying fund for the purposes of Federal Government superannuation legislation.

• BOARD MEETINGSDuring the year ended on March 31, 2015 the Board of Directors met six (6) times on 30-05-2014, 13-08-2014, 09-09-2014, 13-11-2014, 04-12-2014 and 11-02-2014.The gap between any two Board meetings did not exceed four months.CODE OF CONDUCTThe Company has adopted a Code of Conduct for Directors and Senior Management of the Company.

• If agreed by the member and the employer, the Superannuation Salary can be deemed to be the salary had the reduction not occurred.

• The process of applying AWOTE indexation results in Superannuation Salary for relevant Award-level employees being higher, and at times growing faster, than actual salary.

• All Voluntary Contributions must be an integral percentage of Superannuation Salary.

• For example, at age 59, one block provides cover of 70% of your TEC or Superannuation Salary.

• The benefit is equal to 75% of your Superannuation Salary, and is payable monthly for up to two years.

More Definitions of Superannuation Salary

Superannuation Salary means for purposes of any relevant policy of insurance effected by the Trustee, the Salary of a Section A Member from time to time. The Section A Member may with the agreement of the Principal Company elect for any specified period that the Member’s SGC Salary shall be adopted as that Member’s Superannuation Salary.

Superannuation Salary means the remuneration paid to a Pilot in respect of or by way of annual base salary plus any overtime payments, including any additional allowances payable under clauses 39.3 and 39.4 and 39.5. The Company will have no obligation to make superannuation contributions in respect of other forms of remuneration (e.g. bonus or incentive payments), allowances (e.g. meal and incidental allowances and cancelled accommodation allowance) or reimbursements (e.g. unscheduled overnight reimbursement) paid to Pilots during the life of this Agreement.

Superannuation Salary means subject to rule 3.6:

Superannuation Salary means the annual rate of superannuation salary within the meaning 14 of the Superannuation Xxx 0000 worked out on the assumption that the employee was a 15 regular employee within the meaning of that Act.