SALARY PACKAGING ARRANGEMENT Sample Clauses
SALARY PACKAGING ARRANGEMENT. 23.1 An Employee may, by agreement with the Employer, enter into a salary packaging arrangement in accordance with this clause and Australian Taxation Office requirements.
23.2 Salary packaging is an arrangement whereby the entitlements and benefits under this Agreement, contributing toward the Total Employment Cost (TEC), (as defined in subclause 23.3 of this clause) of an Employee, can be reduced by and substituted with another or other benefits.
23.3 The TEC for salary packaging purposes is calculated by adding the following entitlements and benefits:
(a) the base wage;
(b) other cash allowances;
(c) non cash benefits;
(d) any Fringe Benefit Tax liabilities currently paid; and
(e) any variable components.
23.4 Where an Employee enters into a salary packaging arrangement the Employee will be required to enter into a separate written agreement with the Employer setting out the terms and conditions of the salary packaging arrangement.
23.5 Notwithstanding any salary packaging arrangement, the wage rate as specified in this Agreement is the basis for calculating wage related entitlements specified in the Agreement.
23.6 Compulsory Employer Superannuation Guarantee contributions are to be calculated in accordance with applicable federal and state legislation. Compulsory Employer contributions made to superannuation schemes established under the State Superannuation Act 2000 are calculated on the gross (pre-packaged) wage amount regardless of whether or not an Employee participates in a salary packaging arrangement with their Employer.
23.7 A salary packaging arrangement cannot increase the costs to the Employer of employing an individual.
23.8 A salary packaging arrangement is to provide that the amount of any taxes, penalties or other costs for which the Employer or Employee is or may become liable for and are related to the salary packaging arrangement, shall be borne in full by the Employee.
23.9 In the event of any increase in taxes, penalties or costs relating to a salary packaging arrangement, the Employee may vary or cancel that salary packaging arrangement.
23.10 Wages as prescribed by Schedules 2 are to be applied for the purposes of subclause 23.3, regarding TEC, and subclause 23.6, regarding Compulsory Employer Superannuation Guarantee contributions.
SALARY PACKAGING ARRANGEMENT. 1.1 The Staff Member agrees to the University deducting from his or her pre-tax salary an amount to cover payments of all Benefits received by the Staff Member as part of his or her Salary Packaging arrangement with the University.
1.2 In addition to the payment for Benefits the Staff Member agrees to pay all administrative costs, Fringe Benefit Tax and other charges incidental to the provision of the Benefits as determined from time to time by the University or the Salary Packaging Provider.
1.3 Unless otherwise agreed in writing, any changes to a Staff Member’s fraction (FTE) will not operate to vary the amount of the payment deducted under this agreement.
1.4 The University shall not agree to any changes to a staff member’s salary packaging arrangement where those changes requested would operate retrospectively.
SALARY PACKAGING ARRANGEMENT. 20.1 An officer may, by agreement with the Commission, enter into a salary packaging arrangement in accordance with this clause and Australian Taxation Office requirements.
20.2 Salary packaging is an arrangement whereby the entitlements and benefits under this Agreement, contributing toward the Total Employment Cost (TEC), (as defined in subclause (3) of this clause) of an officer, can be reduced by and substituted with another or other benefits.
20.3 The TEC for salary packaging purposes is calculated by adding the following entitlements and benefits:
(i) the base salary;
(ii) other cash allowances;
(iii) non cash benefits;
(iv) any Fringe Benefit Tax liabilities currently paid; and
(v) any variable components.
20.4 Where an officer enters into a salary packaging arrangement the officer will be required to enter into a separate written agreement with the Commission setting out the terms and conditions of the salary packaging arrangement.
20.5 Notwithstanding any salary packaging arrangement, the salary rate as specified in this Agreement, is the basis for calculating salary related entitlements specified in this agreement.
20.6 Compulsory Employer Superannuation Guarantee contributions are to be calculated in accordance with applicable federal and state legislation. Compulsory employer contributions made to superannuation schemes established under the State Superannuation Act 2000 and the ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ are calculated on the gross (pre packaged) salary amount regardless of whether an officer participates in a salary packaging arrangement with their employer.
20.7 A salary packaging arrangement cannot increase the costs to the Commission of employing an individual.
20.8 A salary packaging arrangement is to provide that the amount of any taxes, penalties or other costs for which the Commission or officer is or may become liable for and are related to the salary packaging arrangement, shall be borne in full by the officer.
20.9 In the event of any increase in taxes, penalties or costs relating to a salary packaging arrangement, the officer may vary or cancel that salary packaging arrangement.