Common use of Salary Sacrifice to Superannuation Clause in Contracts

Salary Sacrifice to Superannuation. (i) Notwithstanding the salaries as varied from time to time, prescribed in this agreement, an employee may elect, subject to the agreement of the employee’s employer, to sacrifice a part or all of the salary payable under this agreement to additional employer superannuation contributions. Such election must be made prior to the commencement of the period of service to which the earnings relate. The amount sacrificed together with any salary packaging arrangements under Clause 39, Salary Packaging, of this agreement may be made up to one hundred (100) per cent of the salary payable under the relevant salaries clause, or up to one hundred (100) per cent of the currently applicable superannuable salary, whichever is the lesser. In this clause, ‘superannuable salary’ means the employee’s salary as notified from time to time to the New South Wales public sector superannuation trustee corporations.

Appears in 1 contract

Samples: The Named

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Salary Sacrifice to Superannuation. (i) Notwithstanding the salaries as varied from time to time, prescribed in this agreement, an employee may elect, subject to the agreement of the employee’s employer, to sacrifice a part or all of the salary payable under this agreement to additional employer superannuation contributions. Such election must be made prior to the commencement of the period of service to which the earnings relate. The amount sacrificed together with any salary packaging arrangements under Clause 39, Xxxxxx 43. Salary Packaging, of this agreement may be made up to one hundred (100) per cent of the salary payable under the relevant salaries clause, or up to one hundred (100) per cent of the currently applicable superannuable salary, whichever is the lesser. In this clause, ‘superannuable salary’ means the employee’s salary as notified from time to time to the New South Wales public sector superannuation trustee corporations.

Appears in 1 contract

Samples: Health Employees Agreement

Salary Sacrifice to Superannuation. (i) Notwithstanding the salaries as varied from time to time, prescribed in this agreement, an employee may elect, subject to the agreement of the employee’s employer, to sacrifice a part or all of the salary payable under this agreement to additional employer superannuation contributions. Such election must be made prior to the commencement of the period of service to which the earnings relate. The amount sacrificed together with any salary packaging arrangements under Clause 39, 43. Salary Packaging, of this agreement may be made up to one hundred (100) per cent of the salary payable under the relevant salaries clause, or up to one hundred (100) per cent of the currently applicable superannuable salary, whichever is the lesser. In this clause, ‘superannuable salary’ means the employee’s salary as notified from time to time to the New South Wales public sector superannuation trustee corporations.

Appears in 1 contract

Samples: Health Employees Agreement

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Salary Sacrifice to Superannuation. (i) Notwithstanding the salaries prescribed in this agreement as varied from time to time, prescribed in this agreement, an employee may elect, subject to the agreement of the employee’s employer, to sacrifice a part or all of the salary payable under this agreement to additional employer superannuation contributions. Such election must be made prior to the commencement of the period of service to which the earnings relate. The amount sacrificed together with any salary packaging arrangements under Clause 39, 35. Salary Packaging, of this agreement Agreement may be made up to one hundred (100) per cent of the salary payable under the relevant salaries clause, or up to one hundred (100) per cent of the currently applicable superannuable salary, whichever is the lesser. In this clause, ‘superannuable salary’ means the employee’s salary as notified from time to time to the New South Wales public sector superannuation trustee corporations.

Appears in 1 contract

Samples: Health and Community Employees Psychologists Schedule Health Employees

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