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AT806816CRV - Hairdressing and Beauty Services - Victoria - Award 2001 [Transitional]

22. 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.
 

22.1 Employer contributions

An employer must contribute on behalf of each employee, superannuation payments in accordance with the Superannuation Guarantee Legislation to either of the funds prescribed by this clause, based on the employee’s ordinary pay. Such payments are to be made at least monthly.

22.2 Fund

Payments under this clause may be made to either the Hair and Beauty Industry Superannuation Trust (HABIST) or the Retail Employees Superannuation Trust (REST).

22.3 Ordinary pay

Ordinary pay in this clause means the employee’s normal weekly earnings including any overaward and/or merit payments, casual loadings, penalty rates and/or shift loadings (but excluding any bonus, commission payment for overtime or other extraordinary payment, remuneration or allowance).

22.4 Employee contributions

An employee who wishes to make contributions to the fund additional to those required by the employer in 22.1, is entitled to authorise the employer to pay into the fund from the employee’s wages, an amount specified by the employee. Employee contributions to the fund requested under this clause must be made under the rules of the fund.

22.5 Employer to continue participation

An employer who participates in either of the funds prescribed in this clause must not cease participation in that fund whilst employing any eligible employee.

22.6 Employer failure to participate in fund

An employer who has failed to make contributions, in accordance with 22.1 should upon acceptance by the relevant Trustee make a once only contribution from the period from when the obligation commenced to either of the funds in respect of each eligible employee equivalent to the contributions which would have been payable under 22.1.

22.7 Existing arrangements

No employer is to be excluded from this clause on the basis of existing voluntary superannuation arrangements.

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