Common use of Appropriate Remuneration Clause in Contracts

Appropriate Remuneration. (1) The following remuneration shall be paid for employees that meet the requirements in clause 3.1: Certificate IV (AQF IV) AO2 $41.50 per fortnight Diploma (AQF V) AO3 $42.80 per fortnight Advanced Diploma (AQF VI) AO4 $44.60 per fortnight Certificate III (AQF III) OO2 $20.00 per fortnight Certificate IV (AQF IV) OO3 $41.50 per fortnight Diploma (AQF V) OO4/OO5 $42.80 per fortnight Advanced Diploma (AQF VI) OO6 $44.60 per fortnight (1) Salary packaging is available for employees (excluding short term casual employees) employed by the employers covered by this Agreement in accordance with the Circular issued from time to time by the Public Service Commission. (2) The employer is to apply the following principles for employees that avail themselves of salary packaging: a) as part of the salary package arrangements, the costs for administering the package, including fringe benefits tax, are met by the participating employee; b) there will be no additional increase in superannuation costs or to fringe benefits payments made by the employer; c) increases or variations in taxation are to be passed to employees as part of their salary package; d) where mandated by relevant government policies, employees must obtain independent financial advice prior to taking up a salary package. Where no mandatory requirement exists, it is strongly recommended to all employees to seek independent financial advice when entering into a salary packaging arrangement for the first time, or adding new item/items to an already agreed packaging arrangement; e) the Employer will pass on to the employee any Input Tax Credits (ITCs) it receives as part of salary packaging; f) there will be no significant additional administrative workload or other ongoing costs to the employer; g) any additional administrative and fringe benefit tax costs are to be met by the employee; h) any increases or variations to taxation, excluding payroll tax that result in additional costs are to be passed on to the employee as part of the salary package. (3) The employee's salary for superannuation purposes and severance and termination payments will be the gross salary, which the employee would receive if not taking part in flexible remuneration packaging. (4) Subject to federal legislation, employees may elect to adjust their current salary sacrifice arrangements to sacrifice up to 100% of salary to superannuation.

Appears in 1 contract

Sources: State Government Security Certified Agreement 2013

Appropriate Remuneration. (1) The following remuneration shall be paid for employees that meet the requirements in clause 3.1: . Certificate IV (AQF IV) AO2 $41.50 per fortnight Diploma (AQF V) AO3 $42.80 per fortnight Advanced Diploma (AQF VI) AO4 $44.60 per fortnight Certificate III (AQF III) OO2 $20.00 per fortnight Certificate IV (AQF IV) OO3 $41.50 per fortnight Diploma (AQF V) OO4/OO5 $42.80 per fortnight Advanced Diploma (AQF VI) OO6 $44.60 per fortnight (1) Salary packaging is available for employees (excluding short term casual employees) employed by the employers covered by this Agreement in accordance with the Circular issued from time to time by the Public Service Commission. (2) The employer is to apply the following principles for employees that avail themselves of salary packaging: (a) as part of the salary package arrangements, the costs for administering the package, including fringe benefits tax, are met by the participating employee; (b) there will be no additional increase in superannuation costs or to fringe benefits payments made by the employer; (c) increases or variations in taxation are to be passed to employees as part of their salary package; (d) where mandated by relevant government policies, employees must obtain independent financial advice prior to taking up a salary package. Where no mandatory requirement exists, it is strongly recommended to all employees to seek independent financial advice when entering into a salary packaging arrangement for the first time, or adding new item/items to an already agreed packaging arrangement; (e) the Employer will pass on to the employee any Input Tax Credits (ITCs) it receives as part of salary packaging; (f) there will be no significant additional administrative workload or other ongoing costs to the employer; (g) any additional administrative and fringe benefit tax costs are to be met by the employee; (h) any increases or variations to taxation, excluding payroll tax that result in additional costs are to be passed on to the employee as part of the salary package. (3) The employee's salary for superannuation purposes and severance and termination payments will be the gross salary, which the employee would receive if not taking part in flexible remuneration packaging. (4) Subject to federal legislation, employees may elect to adjust their current salary sacrifice arrangements to sacrifice up to 100% of salary to superannuation.

Appears in 1 contract

Sources: Building and Asset Services Certified Agreement 2013