Superannuation Payments Clause Samples
The Superannuation Payments clause outlines the employer's obligation to make contributions to an employee's superannuation fund in accordance with legal requirements or the terms of the employment agreement. Typically, this involves specifying the percentage of the employee's salary to be contributed and the frequency of these payments, such as monthly or in line with payroll cycles. This clause ensures that employees receive their entitled retirement savings and that employers remain compliant with superannuation laws, thereby reducing the risk of legal disputes or penalties.
Superannuation Payments. The Health Service agrees to provide the prescribed minimum level of superannuation support required under the Superannuation Guarantee (Administration) Act 1992 (Commonwealth) in addition to the Total Remuneration Package.
Superannuation Payments. The Company will, in satisfaction of its obligations under the Superannuation Guarantee (Administration) Act 1992 (Cth) and any other relevant legislation, pay superannuation contributions on behalf of each Employee of the greater of:
a) 9.5% of the Employee’s Total Annualised Salary and any other payments required by law; or
b) The percentage that is set by the Superannuation Guarantee (Administration) Act on the Employee's Total Annualised Salary and any other payments required by law; or
c) the amount of: • One fifty-second of $12480 ($240) per week from the commencement of the Agreement. In accordance with the provisions of the Employee’s superannuation fund and applicable legislation, an Employee may salary sacrifice (see also clause 11.15) or make additional after- tax contributions to a complying fund which will be deducted from the remuneration provided for in clause 11 of this Agreement and paid on behalf of an Employee to his or her fund. Any Salary Sacrifice contributions made by Employees shall not be used to reduce the employer obligations. Any compulsory employee superannuation contributions required by legislation will also be deducted from the remuneration provided in clause 11 of this Agreement on either a pre-tax or post-tax basis (as required) and paid on behalf of an Employee to any relevant superannuation fund. Subject to any law requiring superannuation contributions to be directed to a particular superannuation fund, an Employee may, in accordance with Company policy and the Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2004 (Cth), nominate the superannuation fund into which the contributions are made. Where an Employee does not nominate a superannuation fund or makes an invalid nomination, the contributions will be made to Mine Super.
Superannuation Payments. The Company will, in satisfaction of its obligations under the Superannuation Guarantee (Administration) Act 1992 (Cth) and any other relevant legislation, pay superannuation contributions on behalf of each Employee of the greater of:
Superannuation Payments.
a) 9.5% of the Employee’s Total Annualised Salary and any other payments required by law; or
b) The percentage that is set by the Superannuation Guarantee (Administration) Act on the Employee's Total Annualised Salary and any other payments required by law; or
Superannuation Payments. FBT exempt items (eg, laptops); and
Superannuation Payments. In addition to the remuneration of each specialist, the Health Service shall contribute 9% of ordinary time earnings to either Health Super or HESTA for the benefit of the specialist. The percentage contribution will be increased during the life of the agreement in accordance with the percentage established by the Superannuation Guarantee (Administration) Act (Cth). The fund shall be selected by the Specialist. In the absence of the Specialist indicating their preference regarding the appropriate superannuation fund, payments shall be made by the Health Service into Health Super.