ACIRT definition
Examples of ACIRT in a sentence
The Company shall make a payment of $40.00 per week of service for each employee into the Australian Construction Industry Redundancy Trust (ACIRT).
The contribution shall be paid monthly into MERT or ACIRT, in accordance with the requirements of MERT or ACIRT.
The Company shall contribute $35.00 for 1st and 2nd year apprentices and $ 45.00 for 3rd and 4th year apprentices to the Australian Construction Industry Redundancy Trust (ACIRT).
The contributions shall be paid monthly into ACIRT in accordance with the requirements of the Trust.
Once an Employee has accrued 8 weeks pay in their ACIRT account they may elect to have their redundancy contribution paid into Cbus.
The amount of contributions paid to the MERT or ACIRT under paragraph (b) shall be set off against any entitlement under paragraph (a), (c) or (d).
The Company will make redundancy contributions for Employee(s) covered by this Agreement to the ACIRT Redundancy Fund.
These are CBUS for superannuation, ACIRT for redundancy contributions, Long Service Payments Corporation for long service entitlements and for Top-up Workers Compensation Insurance/ Income protection insurance.
If MERT payments are to attract fringe benefits taxation liability, ACIRT shall be the fund utilised under this agreement.
Lis-Con Concrete Construction Pty Ltd will make on behalf of each Employee a total weekly contribution of $80 to a recognised redundancy trust fund (e.g., ACIRT or other).