AP802001CRV - Victorian Independent Schools - Teachers - Award 1998
[22 see also Common Rule Declaration PR953700 appended to this award]
22.1 Superannuation Legislation
The subject of superannuation is dealt with extensively by legislation including 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. This legislation, as varied from time to time, governs the superannuation rights and obligations of the parties.
22.2 Ordinary Time Earnings
22.2.1 “Ordinary Time Earnings” for the purpose of this clause includes:
(a) the award rate of pay appropriate to the teacher’s classification and mode of employment;
(b) any salary payments made in excess of award requirements;
(c) any responsibility allowance (but only for the period that the responsibility allowance is paid).
22.2.2 Where a teacher agrees to remuneration packaging as provided for in clause 20, “salary” will be determined in accordance with 20.8.
22.3 Selection of Fund
22.3.1 Subject to 22.3.2 and 22.3.3, a teacher is entitled to exercise individual choice of fund to receive payments pursuant to 22.4.
[22.3.2 substituted by PR958138 ppc 18May05]
22.3.2 At any school with a fund in existence prior to the first full pay period commencing on or after 17 June 1994, the teacher may choose between:
22.3.2(a) the existing school fund or successor fund; or
22.3.2(b) the Independent Schools Superannuation Trust (ISST) or successor fund.
[22.3.3 substituted by PR958138 ppc 18May05]
22.3.3 In all other schools, the teacher may choose between:
22.3.3(a) the Combined Fund (CF) or successor fund;
22.3.3(b) the Independent Schools Superannuation Trust (ISST) or successor fund; or
22.3.3(c) the Victorian Independent Schools Superannuation Fund (VISSF) or successor fund.
22.3.4 If any fund referred to in this clause ceases to be a complying fund for the purposes of Division 2 of the Superannuation Industry (Supervision) Act 1993 that fund may no longer be chosen under this clause and each teacher who chose that fund must make another choice, pending which the employer may make contributions to another complying fund of its choice.
22.3.5 A teacher’s selection of fund will be final while that teacher remains in the employment of the employer, unless otherwise agreed by the employer.
22.4 Contributions
22.4.1 The employer will contribute an amount equal to three (3) percent of the teacher’s ordinary time earnings to the fund chosen by the teacher pursuant to 22.3.
22.4.2 Contributions remain payable during any period of paid leave.
22.4.3 Contributions will be adjusted each time there is an increase or decrease in ordinary time earnings (as defined) in accordance with the rules of the fund.
[22.5 inserted by R3439 ppc 11Mar99; varied by S8902; PR930757 ppc 30Apr03]
22.5 The provisions of subclauses 22.2, 22.3 and 22.4 do not apply to the following respondents to this award:
Aitken College
Andale School
Ascension College
Ballarat Christian College
Berengarra School
Brighton Montessori School
Central Goldfields Christian College
Cranbourne Christian College
The Currajong School
Darul Ulum College of Victoria
East Preston Islamic College.
Frank Cheshire Education Centre
Frank Dando Sports Academy
Girton Grammar School
Ilim College
Isik College
Mount Scopus Memorial College
Rossbourne School
Seymour Christian College
Shepparton Christian Community School
St Anthony’s Coptic Orthodox College
St Thomas Aquinas College
The Early Learners’ School
Victory Christian College
