TEC Salary definition
TEC Salary means TEC Package minus the superannuation contribution ANZ makes to meet its obligations under the superannuation guarantee legislation.
Examples of TEC Salary in a sentence
Make up pay will be calculated by reference to the gap between what you receive for your statutory entitlements and your normal Salary or TEC Salary (as applicable) for your Contracted Hours.
Subject to the NES, any payment made to you in lieu of notice will be calculated on the basis of your Salary or TEC Salary as applicable.