Superannuation Sample Clauses
The Superannuation clause outlines the obligations of an employer to make contributions to an employee's superannuation fund as part of their remuneration. Typically, it specifies the minimum contribution rate, the type of fund to which payments must be made, and the timing of these contributions, ensuring compliance with relevant laws or regulations. This clause ensures that employees receive the retirement benefits they are entitled to, and it clarifies the employer's responsibilities, thereby reducing the risk of disputes or non-compliance with statutory requirements.
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Superannuation. It is agreed between the parties that the Employer will pay weekly superannuation contributions for employees on a monthly basis, (no later than the 14th day of the following month) into CONNECT or C+BUS industry superannuation funds for employees that are engaged under the Agreement (the employee shall determine the fund on commencement). The Superannuation Guarantee (Administration) Act 1992 (SGAA) and the Superannuation Guarantee Charge Act 1992 (SGCA) determines the payment. The contribution rate is currently 9% of Ordinary Time Earnings provided the minimum weekly payment (for other than apprentices) shall be $85.00. No employee shall be disadvantaged by the application of this Clause. It is agreed that Ordinary Time Earnings includes: • The full wage specified in this Agreement (pre - salary sacrifice arrangements). • Travel Time Allowance. • Fares allowance (only where the employee is provided with a vehicle etc.). • All ‘site allowances’ paid during ordinary time. • Shift Allowances • Any other components defined in the Superannuation Guarantee Legislation • Casual Loading Superannuation contributions will be applicable for periods of authorised absence including periods when employees are on WorkCover payments.
Superannuation. 23.1 Superannuation contributions must be paid in accordance with this clause and the Superannuation Guarantee Administration Act 1992 (Cth), which will satisfy the Employer’s obligation regarding making superannuation contributions under the NES.
23.2 Subject to applicable legislation regarding choice of fund and/or stapled funds, the Employer will make superannuation payments on behalf of each Employee into CBUS as the default fund.
23.3 The level of contributions paid on behalf of each Employee (other than an Apprentice) will be, at a minimum, $280 per week.
23.4 Pro-rata payment does not apply, except in the case of flexible working arrangements entered into pursuant to clause 14.2..
23.5 The level of contributions paid on behalf of each Apprentice must be, at a minimum: 1st Year - 55% 2nd Year – 70% 3rd Year – 85% 4th Year – 100% Minimum contribution $154.00 $196.00 $238.00 $280.00
23.6 The above contributions may be counted by the Employer as an offset against any payments otherwise required to be made by the Employer to avoid the Employer being required to pay the superannuation guarantee charge under superannuation legislation with respect to an Employee. However, the above contribution rates do not limit the Employer’s liability under the Superannuation Guarantee (Administration) Act 1992 (Cth).
23.7 All superannuation contributions will be paid at least monthly subject to the relevant governing trust deed, rules and/or legislation.
Superannuation. The Company will pay superannuation contributions into either the NESS Superannuation Scheme, ▇▇▇▇ or the C+BUS Superannuation Fund for each employee. It is hereby agreed that either of these superannuation funds will be the sole fund utilised under this Agreement. The contribution rate shall be as required by the Superannuation Guarantee Legislation. All superannuation contributions will be paid monthly as required by the Trust Deed.
Superannuation. 13.1 The Employer shall contribute, on behalf of the Employee, superannuation to a fund that will be nominated by the Employer, in accordance with the requirements of the relevant, prevailing superannuation legislation.
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.
Superannuation. The company shall be, and remain during the life of this agreement, a participating employer in the Construction and Building Unions Superannuation Scheme (C+BUS). No employee shall commence employment unless he/she is a registered worker in the C+BUS Scheme. The level of contributions paid on behalf of each employee shall be as follows: from 1/7/03 $95 from 1/7/04 $100 from 1/7/05 $110 The above contribution rates do not limit the company’s liability under the Superannuation Guarantee Charge (SGC). All superannuation contributions shall be paid monthly as required by the trust deed. The company will sign, at the same time as it signs this agreement, a Variation to the C+BUS trust deed to reflect this agreement. Where an employee wishes to have their pay salary sacrificed for additional superannuation, the company will comply with the employee’s request without unreasonable delay. All entitlements and benefits contained in this agreement will be calculated on the pre-salary sacrifice pay rate. Where a CFMEU Official requests to examine the superannuation records to confirm compliance, they are entitled to do so.
Superannuation. 33.1 It is agreed that the default fund under this agreement shall be BUSSQ.
33.2 All Employees shall be entitled to receive Employer superannuation contributions and shall also co-contribute a minimum amount from their wages.
33.3 On projects where the Total Cost of Work is $50m or greater, the Employer will contribute on behalf of each Employee the following minimum weekly amount: Date 1/7/2023 1/7/2024 1/7/2025 1/7/2026 1/07/2027 Super $285/week $297/week $310/week $323/week $345/week
33.4 On projects where the Total Cost of Work is $50m or greater, every Employee shall co- contribute by way of salary sacrifice the following minimum weekly amount: Date 1/7/2023 1/7/2024 1/7/2025 1/7/2026 1/07/2027 Co-Cont. $72/week $75/week $78/week $81/week $85/week 33.5 The contributions in clauses 33.3 and 33.4 shall be in addition to all other entitlements prescribed by this Agreement.
Superannuation. The subject of superannuation is dealt with extensively by federal legislation which prescribes the obligations and entitlements regarding superannuation. This clause is ancillary to and supplements those provisions.
Superannuation. Superannuation contributions will be paid as required under the Superannuation Guarantee (Administration) Act 1992, as amended from time to time, to a complying Fund.
Superannuation. The Company shall contribute superannuation payments for all employees to the CBUS fund or other fund nominated by the Company. The rate of contribution shall be 9% of ordinary time earnings (as defined by the Superannuation Guarantee (Administration Act) 1992), or as specified in the applicable legislation. Superannuation contributions shall be made on a pro rata basis per ordinary day worked or while employees are on paid leave. No superannuation contributions shall be made for unpaid leave. Employees earning less than $450 per month shall not be entitled to any superannuation contribution.