AN170068 – Mobile Crane Hire Award

4. 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

(a) Definitions

For the purposes of this clause -

(i) ‘Superannuation legislation’ means the Federal legislation, as varied from time to time, governing the Superannuation rights and obligations of the parties, which includes the Superannuation Guarantee (Administration) Act 1992, the Superannuation Guarantee Charge Act 1992, the Superannuation Industry (Supervision) Act 1993 and the Superannuation (Resolution of Complaints) Act 1993.

(ii) ‘Fund’ means a complying fund, as defined in the Superannuation legislation.

(iii) ‘Eligible employee’ shall mean an employee who is entitled to receive employer superannuation contributions in accordance with the Superannuation legislation

(iv) ‘The relevant fund’ means the C+BUS Scheme.

(b) (i) Employers shall contribute an amount on behalf of each eligible employee into a relevant superannuation fund, which reflects the employers’ liability as prescribed in Part 3 of the of the Superannuation Guarantee (Administration) Act 1992 (as set out in paragraph (ii) below), or any higher amount as required by the Trust Deed of the relevant fund.

(ii) The level of contributions required under the Superannuation Guarantee (Administration) Act 1992 are (subject to any variation to that Act) as follows:

Financial Year (1 July - 30 June)	Percentage
2000-01	8
2001-02	8
2002-03 and subsequent years	9

(c) This clause shall not apply to persons holding an exemption granted by the trustees of the relevant fund.