Superannuation contributions Sample Clauses
The Superannuation Contributions clause sets out the employer's obligation to make payments into an employee's superannuation fund, typically as a percentage of the employee's ordinary earnings. This clause details the frequency and method of contributions, and may specify the nominated fund or allow the employee to choose their preferred fund. Its core function is to ensure compliance with legal requirements for retirement savings and to provide clarity for both parties regarding the handling of superannuation entitlements.
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Superannuation contributions. (a) The Employer will pay weekly superannuation contributions for Employees on a monthly basis, (no later than the 14th day of the following month) into a complying Superannuation Fund nominated by the Employee in accordance with the Superannuation Guarantee (Administration) Act 1992 (Cth). Where an Employee does not nominate a Fund, contributions will be paid into C+BUS industry Superannuation Fund.
(b) The Superannuation Guarantee (Administration) Act 1992 (SGAA) and the Superannuation Guarantee Charge Act 1992 (SGCA) determines the payment. The contribution rate is currently 10% of Ordinary Time Earnings (OTE), provided the minimum weekly payment (for other than apprentices) shall be $165.00 for Grades 1 to 4 (pro-rata for part-time Employees) and $200.00 for Grade 5 onwards (pro- rata for part-time Employees).
(c) No Employee shall be disadvantaged by the application of this Clause.
(d) It is agreed that Ordinary Time Earnings includes:
(i) The full wage specified in this Agreement (pre - salary sacrifice arrangements).
Superannuation contributions. The Company agrees to make Company contributions to a maximum of 13.5 % of the Employee’s graded salary.
Superannuation contributions. 10.1 Members appointed prior to 10 August 1999 must maintain their superannuation contributions to the Commonwealth Superannuation Scheme or NTGPASS.
10.2 Members appointed after 10 August 1999 must elect which Superannuation Fund they wish to join.
10.3 All superannuation enquires should, in the first instance, be directed to the Personnel Management Unit.
Superannuation contributions. Except as provided in clause 12.5, the School must make superannuation contributions in respect of each Teacher of such amount as required to ensure that the School does not incur any superannuation guarantee charge ('SGC') under the Superannuation Guarantee (Administration) Act 1992 (Cth) ('SGAA') and the Superannuation Guarantee Charge Act 1992 (Cth).
Superannuation contributions. The Employer will make superannuation contributions on behalf of an Employee to any of the following superannuation funds nominated by an Employee:
(a) HESTA (Health Employees Superannuation Trust of Australia) or successor;
(b) Aware Super (Aware Super Pty Ltd), or successor;
(c) the Employee’s preferred superannuation fund where it is an Industry Superannuation Fund; or
(d) where relevant superannuation legislation requires choice of superannuation fund in an enterprise agreement, any other Preferred Superannuation Fund nominated by the Employee.
Superannuation contributions. 10.5.1 Employees who belong to Maritime Super may continue to do so. New Employees shall have the right to join Maritime Super Pty Ltd or another complying fund. Maritime Super shall be the default fund.
10.5.2 Contributions and benefits for members of Maritime Super Pty Ltd, unless otherwise agreed between the parties, shall be based upon the “Trust Deed” of Maritime Super Pty Ltd.
10.5.3 The Company will continue to contribute 12% per annum plus any other contributions required under the Trust Deed as identified in clause 10.5.2. Any legislated increase to the Superannuation Guarantee will be absorbed by the additional contribution already being made by the Company. Should the Superannuation Guarantee surpass 12% during the life of the Agreement, the Company will be bound by the Superannuation Guarantee legislation.
10.5.4 For Employees who continue to be members of the “Defined Benefit” section of Maritime Super, the Company agrees to contribute the additional 3% as defined in “the Accumulation Plus Trust Deed of Maritime Super Pty Ltd” to an accumulation account of the member of Maritime Super. Any legislated increase to the Superannuation Guarantee will be absorbed by the additional contribution made by the Company.
10.5.5 All Company and Employee superannuation contributions will be remitted to the fund of choice at least monthly or an alternative frequency as otherwise agreed but no less frequently than quarterly.
Superannuation contributions. Except as provided in clauses 19.4(b) and (c), the Employer must make superannuation contributions in respect of each Employee of such amount as required to ensure that the Employer does not incur any superannuation guarantee charge (‘SGC’) under the Superannuation Guarantee (Administration) Act 1992 (Cth) and the Superannuation Guarantee Charge Act 1992 (Cth).
Superannuation contributions. (a) The Employer will pay weekly superannuation contributions for employees on a monthly basis, (no later than the 14th day of the following month) into C+BUS industry superannuation fund for employees who are engaged under the Agreement.
(b) The Superannuation Guarantee (Administration) Act 1992 (SGAA) and the Superannuation Guarantee Charge Act 1992 (SGCA) determines the payment. The contribution rate is currently 9.5% of Ordinary Time Earnings (OTE) provided the minimum weekly payment (for other than apprentices) shall be $165.00 (pro- rata for part-time employees).
(c) No employee shall be disadvantaged by the application of this Clause.
(d) It is agreed that Ordinary Time Earnings includes:
(i) The full wage specified in this Agreement (pre - salary sacrifice arrangements).
Superannuation contributions. The Employer will make superannuation contributions on behalf of an Employee to any of the following superannuation funds nominated by an Employee:
Superannuation contributions. The Employer currently makes, and will continue to make, an Employer superannuation contribution, of ordinary time earnings, in accordance with the Superannuation Guarantee legislation, to a complying superannuation fund nominated by the Employee, excluding a fund where the Employer is required to become a participating Employer. Should the Employee not nominate a complying superannuation fund for this purpose, the contribution will be made into:
(i) the Employee's stapled fund; or
(ii) if the Australian Taxation Office does not identify a stapled fund for the Employee, to the Employer's default fund provided that the Employer's default fund must offer a MySuper product as defined in the Superannuation Industry (Supervision) Act 1993 (Cth).
