SALARY PACKAGING ARRANGEMENTS. 7.1 This clause applies for the period an employee enters into a Salary Sacrifice Agreement. A Salary Sacrifice Agreement (SSA) is the formal administrative instrument between the employer and the employee which enables salary packaging arrangements to be put in place.
SALARY PACKAGING ARRANGEMENTS. 84 The University recognises that from time to time employees may wish to restructure the salary payments they receive from the University in order to maximise their disposable income. To this end, the University is committed to facilitating a salary sacrificing scheme that offers employees the opportunity to allocate an amount of their gross salary before PAYG tax deductions to superannuation and/or other benefits.
SALARY PACKAGING ARRANGEMENTS. The current Agreement contains the same clause. Salary packaging will again be available for the life of the Agreement. This clause contains a definition of “salary” for the purpose of salary sacrifice arrangements. This clause explains the applicability and general operative parameters of Salary Sacrifice Agreements pursuant to GPSSSS and MOSSSS. The clause also provides that employees may elect to transfer from MOSSSS to GPSSSS within three (3) months following approval of the Agreement and effective 1 April 2018, 1 April 2019 and 1 April 2020.
SALARY PACKAGING ARRANGEMENTS. Permanent employees and fixed term contract employees where the period of the contract is 6 months or over will be able to enter into salary packaging arrangements as outlined in Schedule 5. Any employee considering salary packaging is strongly encouraged to seek independent financial advice.
SALARY PACKAGING ARRANGEMENTS. Salary packaging allows employees to receive the maximum value of non-salary benefits provided concessional treatment by the Fringe Benefits Tax laws in a form other than take home pay. Gross salary is reduced by the amount of the fringe benefits paid by the employer. The net gross salary is then subject to “Pay-As-You-Go” (PAYG) tax. All existing entitlements (ie, employer superannuation, leave loading, penalties, and overtime) will be based on the “pre-package” salary. All employees covered under this Agreement have access to salary packaging arrangements subject to the following provisions:
SALARY PACKAGING ARRANGEMENTS. (i) The terms and conditions of such a package shall not, on aggregate, be less favourable than the entitlements otherwise available under the award and shall be subject to the following provisions:
SALARY PACKAGING ARRANGEMENTS. This clause is the same as the current clause. Agreement Explained: This clause is the same as the current clause. It provides that an employee who commences an absence on maternity or adoption leave on or after the date of approval of the proposed Agreement, and who at the time of commencing PMAL has been employed in the SA public sector for not less than 5 years, will be entitled to PMAL of 20 weeks.
SALARY PACKAGING ARRANGEMENTS. 58.1 Council, at its sole discretion, may enter into formal, individual annual salary packaging arrangements with employees.
SALARY PACKAGING ARRANGEMENTS. This clause is unchanged.
SALARY PACKAGING ARRANGEMENTS
