Salary Sacrifice for Employer Superannuation. Under this Agreement an employee may choose to sacrifice salary for employer superannuation contributions into a complying superannuation fund. The arrangement is available to all employees and participation is at the discretion of an individual employee. Under the scheme the following conditions will apply:
Salary Sacrifice for Employer Superannuation. This is clause 47 in the current Agreement. There is no change to this clause.
Salary Sacrifice for Employer Superannuation. This is clause 47 in the current Agreement. Minor updates to reflect changes in Australian Taxation Office (ATO) legislation and that employees will be responsible for any tax or interest that may be imposed by the ATO for exceeding the Commonwealth concessional contribution cap. Included references to Northern Territory Supplementary Superannuation Scheme.
Salary Sacrifice for Employer Superannuation. The parties agree to make available to members any salary sacrifice into superannuation arrangements introduced by the Northern Territory Government. Such arrangements should be in place and available to members by December 2001. Although the NT Superannuation Office will develop and distribute guidelines and hold seminars, members are responsible for seeking financial advice before making application to salary sacrifice into superannuation.
