Definitions and Eligibility. (a) ‘Default Fund’ shall mean a complying fund as nominated by the Parties to this agreement and agreed by all Employees as being the Fund to receive all Employer contributions on behalf of all Employees. The Default Fund is:-- (i) The Australian Rural Industries Superannuation Fund known as ‘AUSTSAFE’’ established by a Deed of Trust. (b) ‘Eligible Employee’ shall mean any Employee who has been Employed by the Employer and earns more than $450 per month as Ordinary time earnings. (c) ‘Ordinary time earnings’ shall mean and include:- (i) the weekly pay for ordinary hours worked, including any over award payments; (ii) any ‘all purpose’ allowances or amounts including leading hand allowance; and (iii) shift allowances and additional amounts paid for shift work and ordinary time worked on Saturdays and Sundays.
Appears in 1 contract
Sources: Collective Agreement
Definitions and Eligibility. (a) ‘Default Fund’ shall mean a complying fund as nominated by the Parties to this agreement and agreed by all Employees as being the Fund to receive all Employer contributions on behalf of all Employees. The Default Fund is:--is--
(i) The Australian Rural Industries Superannuation Fund known as ‘AUSTSAFE’’ established by a Deed of Trust.
(b) ‘Eligible Employee’ shall mean any Employee who has been Employed by the Employer and earns more than $450 per month as Ordinary time earnings.
(c) ‘Ordinary time earnings’ shall mean and include:-
(i) the weekly pay for ordinary hours worked, including any over award payments;
(ii) any ‘all purpose’ allowances or amounts including leading hand allowance; and
(iii) shift allowances and additional amounts paid for shift work and ordinary time worked on Saturdays and Sundays.
Appears in 1 contract
Sources: Employee Collective Agreement