SALARY PACKAGING ARRANGEMENTS Sample Clauses
The 'Salary Packaging Arrangements' clause defines the terms under which an employee may receive part of their remuneration in forms other than direct salary, such as benefits or allowances. Typically, this clause outlines the types of benefits available, the process for electing salary packaging, and any conditions or limitations, such as compliance with tax laws or employer approval. Its core function is to provide flexibility in how employees are compensated, potentially offering tax advantages or tailored benefits, while ensuring both parties understand the rules and obligations associated with such arrangements.
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.
7.1.1 Subject to this clause, the salary payable to an employee, or applicable to a position where the occupant elects to enter into a SSA, pursuant to this Wages Parity (Salaried) Enterprise Agreement (WPEA) will be the salary payable under the SSA, notwithstanding any other provision in, or Schedule of, this WPEA.
7.1.2 Any entitlement to payment of overtime, leave loading or shift allowance will be based on the salary that would have been payable had the employee not entered into a SSA.
SALARY PACKAGING ARRANGEMENTS. 8.1 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.
8.1.1 Subject to this clause, the rate of pay payable to an employee, or applicable to a position where the occupant elects to enter into a SSA, pursuant to this Enterprise Agreement will be the rate of pay payable under the SSA, notwithstanding any other provision in, or Schedule of, this Enterprise Agreement.
8.1.2 Any entitlement to payment of overtime, leave loading or shift allowance will be based on the rate of pay that would have been payable had the employee not entered into a SSA.
SALARY PACKAGING ARRANGEMENTS. 13.1 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.
(a) Subject to this clause, the rate of pay payable to an employee, or applicable to a position where the occupant elects to enter into a SSA, pursuant to this Enterprise Agreement will be the rate of pay payable under the SSA, notwithstanding any other provision in, or Schedule of, this Enterprise Agreement.
(b) Any entitlement to payment of overtime, leave loading or shift allowance will be based on the rate of pay that would have been payable had the employee not entered into a SSA.
(c) Where, on cessation of employment, the employer makes a payment in lieu of notice; or a payment in respect of accrued recreation or long service leave entitlements (instead of transferring leave credits to another employer party to this Enterprise Agreement in the event the employee immediately becomes employed by that employer party), the payment thereof shall be based on the rate of pay that would have been payable had the employee not entered into a SSA.
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. This clause is unchanged.
SALARY PACKAGING ARRANGEMENTS. 58.1 Council, at its sole discretion, may enter into formal, individual annual salary packaging arrangements with employees.
58.2 Any such salary packaging arrangement entered into pursuant to this clause will be reviewed annually.
58.3 Salary package arrangements need not be standardised amongst employees either at the same or different classification level(s)
SALARY PACKAGING ARRANGEMENTS. 31.1 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.
31.1.1 Subject to this clause, the salary or wages payable to an employee or applicable to a position where the occupant elects to enter into a SSA, pursuant to this Agreement will be the salary or wages payable under the SSA, notwithstanding any other provision in, or Appendix of, this Agreement.
31.1.2 Any entitlement to payment of overtime, leave loading or shift allowance will be based on the salary or wages that would have been payable had the employee not entered into a SSA.
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.