Salary Sacrifice for Employer Superannuation Sample Clauses

Salary Sacrifice for Employer Superannuation. Under this Agreement an employee may choose to sacrifice salary for employer superannuation contributions into a complying superannuation fund. The arrangement is available to all employees and participation is at the discretion of an individual employee. Under the arrangement the following conditions apply:
Sample 1Sample 2Sample 3See All (38)
AutoNDA by SimpleDocs
Salary Sacrifice for Employer Superannuation. This is clause 32 in the current Agreement. There is no change to this clause.
Sample 1Sample 2See All (5)
Salary Sacrifice for Employer Superannuation. Minor updates to reflect changes in Australian Taxation Office (ATO) legislation and that employees will be responsible for any tax or interest that may be imposed by the ATO for exceeding the Commonwealth concessional contribution cap.
Sample 1
Salary Sacrifice for Employer Superannuation. The parties agree to make available to members any salary sacrifice into superannuation arrangements introduced by the Northern Territory Government. Such arrangements should be in place and available to members by December 2001. Although the NT Superannuation Office will develop and distribute guidelines and hold seminars, members are responsible for seeking financial advice before making application to salary sacrifice into superannuation.
Sample 1
Salary Sacrifice for Employer Superannuation. 27.1 The Parties agree to maintain an arrangement to enable employees to sacrifice salary for Employer superannuation contributions into a complying superannuation fund.
Sample 1

Related to Salary Sacrifice for Employer Superannuation

  • Salary Sacrifice to Superannuation (a) An employee can elect to sacrifice a portion of salary to superannuation. Such election must be made prior to the commencement of the period of service to which the earnings relate and be in accordance with relevant legislation.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Superannuation Benefits (a) An employer may make an application to the Commission for relief from the obligation to make severance payments in circumstances where:

  • Salary Sacrifice Employees may sacrifice their pre-tax earnings, subject to such arrangements being made for legitimate purposes such as additional superannuation contributions. The amount of salary sacrifice being deducted from pre-tax earnings shall be deducted from gross earnings with each pay period. Any such arrangements must be requested, varied or amended in writing, providing no les than one months notice to the Company. A Salary Sacrifice Request Form is attached as a schedule to this Agreement for this purpose. The Company recommends that employees seek independent financial advice prior to entering into salary sacrifice arrangement. The amount of any salary sacrifice income requested must be a fixed sum, without variation from one pay period to the next. The company shall implement employee requests to commence salary sacrifice arrangements at four (4) times a year, on the first full pay period on or after the 1st July, 1st October, 1st January and 1st April. Where adverse tax and/or superannuation changes occur, the Company or employee may terminate these salary sacrifice arrangements. Where a decision to terminate is made, employees will be given one month’s notice in writing.

  • SALARY SACRIFICE ARRANGEMENTS 34.1 Employees covered by this Agreement will have access to salary sacrifice arrangements in addition to the compulsory arrangement detailed above. The requirements of any such arrangements shall ensure that:

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION PCA Article B.3 does not apply in School District No. 34 (Abbotsford).

  • Superannuation The subject of superannuation is dealt with extensively by legislation including the Superannuation Guarantee (Administration) Act 1992, the Superannuation Industry (Supervision) Act 1993 and the Superannuation (Resolution of Complaints) Act 1993. This legislation, as varied from time to time, will govern the superannuation rights and obligations of the parties.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Compensation for Employees Employees shall receive compensation at the biweekly or hourly rate for the range and step or flat rate assigned to the class in which they are employed.

Time is Money Join Law Insider Premium to draft better contracts faster.