Salary Sacrifice Packaging. Under this Agreement an employee may choose to enter into salary sacrifice packaging arrangements in compliance with Commonwealth taxation legislation and any rules and regulations imposed by the Australian Taxation Office or other relevant authority. These salary sacrifice packaging arrangements meet the full obligations of the employer in relation to salary payments required under this Agreement. Under the arrangement the following conditions will apply:
Salary Sacrifice Packaging. Salary packaging will be made available where it is tax effective for employees and Company systems can accommodate it. Administration costs will be borne by employees. An education program will be delivered during 2003 for Companies and employees to learn the advantages of salary packaging. An agreed provider approved by both NECA and the ETU will be utilised to provide these services. Where it is agreed between the Company and the employee that an employee wishes to have their pay salary sacrificed for additional superannuation or severance, the Company will comply with the employee’s request within two weeks. Details of any salary sacrifice arrangements shall be reflected on the employees pay slip. Employees who elect to sacrifice a proportion of their wages to the C+BUS or CONNECT superannuation fund or PROTECT Severance Fund may request that the Company make deductions from gross income. These arrangements shall be altered only twice a year if requested. In order to gain the benefit from making superannuation contributions from gross earnings salary sacrifice to superannuation may be agreed between the parties and must legally fulfil SGAA and Australian Taxation Office (ATO) requirements. Any salary sacrifice arrangements entered into between the parties shall: • not disadvantage the employee or the Company in any way, • be effective only on the written authority of the employee, • immediately be stopped at the written request of the employee • have a statement provided to the employee detailing the salary sacrifice at the end of each financial year, • not reduce or alter the Company’s superannuation contribution calculation or obligation to pay superannuation under SGAA or SGCA, • not reduce the employee’s hourly all-purpose rate of pay for the purposes of Award entitlements (including accrued entitlements and the application of penalty rates), • immediately be reviewed in the event of any change to any relevant act(s) or ATO rulings. Where an employee elects to salary sacrifice, the employee may receive less actual pay than their classification rate specified in this Agreement (ie. the classification rate less the salary sacrifice amount).
Salary Sacrifice Packaging. This is clause 33 in the current Agreement. There is no change to this clause.
Salary Sacrifice Packaging. 22.1 Salary packaging will be made available where it is tax effective for employees and Employer systems can accommodate it. Administration costs will be borne by employees.
Salary Sacrifice Packaging. Salary packaging will be made available where it is tax effective for employees and Company systems can accommodate it. Administration costs will be borne by employees. An education program will be delivered during 2003 for Companies and employees to learn the advantages of salary packaging. An agreed provider approved by both NECA and the ETU will be utilised to provide these services. Where it is agreed between the Company and the employee that an employee wishes to have their pay salary sacrificed for additional superannuation or severance, the Company will comply with the employee’s request within two weeks. Details of any salary sacrifice arrangements shall be reflected on the employees pay slip. Employees who elect to sacrifice a proportion of their wages to the C+BUS or CONNECT superannuation fund or PROTECT Severance Fund may request that the Company make deductions from gross income. These arrangements shall be altered only twice a year if requested. In order to gain the benefit from making superannuation contributions from gross earnings salary sacrifice to superannuation may be agreed between the parties and must legally fulfil SGAA and Australian Taxation Office (ATO) requirements. Any salary sacrifice arrangements entered into between the parties shall: • not disadvantage the employee or the Company in any way, • be effective only on the written authority of the employee, • immediately be stopped at the written request of the employee • have a statement provided to the employee detailing the salary sacrifice at the end of 34Page 35 35Page 36 36Page 37 37Page 38 38Page 39 39Page 40 40Page 41 41Page 42 42Page 43 43Page 44 44Page 45 45Page 46 46Page 47 47Page 48 48Page 49 49Page 50 50Page 51 51Page 52 52Page 53 53Page 54 54Page 55 55Page 56 56Page 57 57Page 58 58Page 59 59Page 60 60Page 61 61Page 62 62Page 63 63Page 64 64Page 65 65Page 66 66Page 67 67Page 68 68Page 69 69Page 70 70Page 71 71Page 72 72Page 73 73Page 74 74Page 75 appendix A Allowances Payable from the first pay period on or after the date specified Award Clause Allowance 1/10/2002 1/7/2003 1/7/2004 1/7/2005
Salary Sacrifice Packaging. There has been a minor change to allow employees with less than 12 months service to access salary packaging provisions without needing CEO approval.
Salary Sacrifice Packaging. Salary packaging through salary sacrifice will be available to all employees covered by this agreement, provided there are no additional costs to the Authority. Any salary packaging entered into will be negotiated on an individual basis and shall comply with the relevant taxation and superannuation legislation. Employees should seek independent financial advice before entering into any salary sacrificing arrangement. The employee may nominate a representative to assist in negotiations leading to an individual salary.
Salary Sacrifice Packaging. The parties agree that the salary sacrifice arrangements applicable to employees of the Northern Territory Public Sector, as varied from time to time, shall apply to members of the Police Force on the same terms, conditions and fees, subject to a member’s salary for superannuation purposes, and severance and termination payments being the gross salary which they would have received if not taking part in salary sacrifice arrangements.
Salary Sacrifice Packaging. 30.1 Salary packaging will be made available where it is tax effective for employees and Employer systems can accommodate it. Administration costs will be borne by employees. It is important that employees seek financial advice (at their own expense) from an independent financial adviser, tax consultant or accountant before considering any salary sacrificing options and entering into any salary sacrificing arrangement.
Salary Sacrifice Packaging. 37.3.1 It is agreed to examine the feasibility of salary sacrifice arrangements for employees and to implement, by agreement, salary sacrifice arrangements with the objective of maximising the opportunities to increase the net value of remuneration subject to:
