AP818456CRV - Wool Scourers and Carbonisers Award 2002

23. SUPERANNUATION

Note: The Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2005 provides that individual employees generally have the opportunity to choose their own superannuation funds. For further information see the AIRC guidance note — Choice of Superannuation Funds and Award Provisions

In this Section, unless the contrary intention appears:

23.1 The Fund shall mean:

23.1.1 The Superannuation Trust of Australia (STA) as may be amended from time to time, and includes any superannuation scheme which may be made in succession thereto; or

23.1.2 The Australian Retirement Fund (ARF) as may be amended from time to time and includes any superannuation scheme which may be made in succession thereto; or

23.1.3 This subclause will not require the companies listed below to alter their choice of superannuation fund from that which applied on 7th March, 1991.

• Clyde Woolscouring Pty Ltd
• Marnan Wool Industries Pty Ltd
• GH Michelle and Sons Pty Ltd
• Riverina Wool Combing Pty Ltd
• Canobolas Wool Topmaking Pty Ltd
• Dynon Wools Australia Pty Ltd

23.2 Ordinary time earnings means the award classification rate (including supplementary payments where relevant), overaward payments, shift work loadings (where relevant) and payment by results.

23.3 Employer contributions to superannuation

A respondent employer shall contribute to the Fund in respect of each eligible employee an amount not less than the minimum required under the superannuation legislation from the beginning of the first pay period to commence on or after 7 March, 1991.

23.4 Employee contributions

Employees of a respondent employer who may wish to make contributions to the Fund additional to those being paid by the employer, shall be entitled to do so. Such employees may either forward their own contribution directly to the Fund administrators or, where it is practicable to do so, authorise the employer to pay into the Fund from the employee's wage an amount specified by the employee.

23.5 Qualifying period

23.5.1 A respondent employer shall only be required to make contributions in accordance with 23.4 on behalf of employees who have had 152 hours of service with that respondent employer.

23.5.2 Once employees have completed the qualifying period they shall be eligible to have contributions to the fund paid in accordance with this clause from the date of their engagement with the company.

23.6 Statement of contributions

Subject to the rules of the Fund, an employee shall be provided with a statement setting out the amount of contributions made by the employer on the employee's behalf into the Fund, together with details of any authorised employee contributions made in accordance this clause. Such statement shall be provided yearly.