Fixed Reward. Each Practitioner role has a prescribed fixed reward made up of salary, any packaged components you may have elected to salary sacrifice (eg a motor vehicle or car park) plus employer contributions to your superannuation. Salary and packaged components are commonly referred to as Total Remuneration Package (TRP). TRP, related employer contributions to superannuation plus any applicable allowances, is paid fortnightly via the payroll system. The fixed remuneration of new Practitioners engaged on or after 1 April 2010 will be as set out in the following table: Role TRP Senior Financial Planning Manager (SFPM) $76,500 Financial Planning Manager (FPM) $65,000 Business Protection Specialist (BPS) $67,500 (excl. motor vehicle allowance) Practitioners employed prior to 1 April 2010 will be entitled to request and receive an increase in their fixed reward (TRP) to the amount set out in the above table, upon 4 weeks written notice. For the avoidance of doubt, such increases will be applied only in cases where the Practitioner has made an election to have their TRP increased, thereby resulting in an increase in their Threshold for the purposes of variable remuneration in accordance with this agreement. .
Fixed Reward. TEC Your TEC package on commencement of work in your new position is AUD $500,000 per annum. Your equivalent NZ dollar TEC package is NZD $573,600 per annum. You must take 65% of TEC as notional salary. The balance, less any mandatory superannuation contributions (should they become applicable), is a flexible component and can be taken as cash benefit/Cashtec or non-cash benefits or a combination of both.
Fixed Reward. TEC Your TEC package on commencement of work in your new position is $500,000 per annum. You must take a minimum of 65% of TEC as notional salary. The balance, less mandatory superannuation contributions, is a flexible component and can be taken as cash benefit/Cashtec or non-cash benefits or a combination of both.
