Common use of Apprentice Wages Clause in Contracts

Apprentice Wages. 28.10.1 The hourly wage rates of apprentices are paid in accordance with Appendix 2. SUPERANNUATION Employer superannuation contribution payments will be made in compliance with the Treasury Laws Amendment (Your Superannuation, Your Choice) Act 2020. In the absence of an Employee having an existing superannuation fund or nominating a superannuation fund, the Employer will make contributions to the following default fund until such time as an employee superannuation standard choice form is returned: XXXX(Q). Contributions will be made into a superannuation fund that offers a My Super product. On behalf of each Employee, the Employer will contribute the following minimum weekly amount into the Employee’s superannuation account: For all Employeesother than apprentices . Agreement Commencement 31 October 2023 31 October 2024 31 October 2025 31 October 2026 SUPER (Employer) $255.00 $285.00 $297.00 $310.00 $323.00 SUPER (Employee) $64.00 $72.00 $75.00 $78.00 $81.00 Total Employer Payment $319.00 $357.00 $372.00 $388.00 $404.00 The Employer must make weekly Employer superannuation contributions for apprentices in- line with the superannuation guarantee. from 1 July from 1 July 2022 is 10.5% of their OTE, from 1 July 2023 is 11% of their OTE, from 1 July 2024 is 11.50% of their OTE, and from 1 July 2025 is 12% of their OTE Apprentices have the option to co-contribute 3% of their OTE by way of salary sacrifice. The Employer will, on behalf of the Employee, forward the above amounts directly to each Employee’s superannuation account each calendar month. Contributions will continue to be paid on behalf of the Employee during any absence of paid leave such as annual leave, long service leave (including where this is paid for by QLeave), public holidays, sick leave (including periods of CIPQ and including periods of Workers’ Compensation for the first 12 months). Contributions will not be paid when an Employee is on leave without pay. All payments will be made based on full week payments. However, where an Employee commences work partly through a pay week, the Employee shall not be entitled for any contribution for that part week. Superannuation payments will commence from the first day of the first full pay week of employment. A superannuation pay week shall be the same pay week as applies to the payment of wages/ remuneration. Payment on termination shall be based on a payment for a full week for any commenced week. Should it be established that the Employer has failed to make the payments in accordance with this Agreement, the Employer shall be liable to make the appropriate contributions immediately and shall also pay an additional amount equal to the fund crediting rate(s) during the period of non-compliance, but no less than 10% per annum.