Super Guarantee definition
Examples of Super Guarantee in a sentence
From 1 July 2013 the Federal Government will increase the Super Guarantee Contribution (SGC) rate as set out in the following schedule: the employee resulting from the necessity to buy new school uniforms, refit curtains, alter plumbing, or electricity outlets or otherwise unavoidable costs directly attributable to the employee’s transfer provided that such costs do not exceed $1,159.69.
Contributions will be in accordance with prescribed legislation (Super Guarantee levy).
Contributions will be in accordance with prescribed legislation (Super Guarantee Levee).
Superannuation contributions will be calculated and paid on the basis of Employees “ordinary time earnings” (OTE) as defined by the Super Guarantee.
For all other employees, the University will make employer superannuation contributions of 10.5%, or the minimum compulsory employer contributions consistent with the Super Guarantee contributions as required by the relevant legislation, whichever is the greater.
The College will make superannuation contributions at a rate consistent with the percentage prescribed by the Super Guarantee.