Superannuation
Australia employees will be eligible to participate in superannuation salary sacrifice where:
Your Superannuation contribution from the Company will be paid within 7 business days of each pay period. New employees will receive Super contributions within 20 business days of the pay period.
Your super contribution amount will be calculated as the current legislative percentage of qualifying earnings. Qualifying earnings include ordinary time earnings, all commissions, and salary sacrifice contributions.
If you choose to make personal superannuation contributions, you may do so via payments made directly from your personal bank account or you may opt for the Company to make the contributions on your behalf through salary sacrifice. You must inform the Company of the percentage of your ordinary time earnings you wish to salary sacrifice with one month’s notice with the change going into effect from the first pay period of the following month.
If you wish to nominate a specific superannuation fund, you can do so at any time, keeping in mind the payroll deadlines. For example, if you inform the international payroll team with a signed and completed Superannuation Standard Choice form on 26 August, your superannuation payment will be made to your nominated fund for the 14 September pay date.
If you do not inform us of investment preferences within the appropriate timeframe (noted above), your superannuation contribution from the Company will be sent to the previous election if applicable or the default fund.
Resources
