Common use of Purchasing Conditions Clause in Contracts

Purchasing Conditions. (i) The employee will have a deduction each fortnight from their salary over part of or all of the relevant financial year that covers the leave without pay approved for personal reasons. (ii) An employee’s salary for superannuation purposes will not be reduced. (iii) Where the arrangement is discontinued part way through the year reimbursement will need to be made, by either Allianz Australia or the employee, for any monies deducted in excess of the amount necessary to cover any Additional Leave already taken. (iv) Any repayments will be made at the purchase rate. (v) Following discontinuation of purchasing arrangements normal salary will be restored as early as practicable. (vi) If the employee’s employment is terminated in circumstances where the employee owes money to Allianz Australia as a result of entering into purchasing leave arrangements, Allianz Australia may deduct any such monies owing to it from the employee’s termination pay.