NESTLE SMITHTOWN ENTERPRISE AWARD 2004

 

INDUSTRIAL RELATIONS COMMISSION OF NEW SOUTH WALES

 

Application by Nestle Australia Ltd.

 

(No. IRC 4510 of 2005)

 

 

VARIATION

 

1.          Delete subclause 26.3, of clause 26, Payment of Wages, of the award published 22 April 2005 (350 I.G. 412), and insert in lieu thereof the following:

 

26.3      Pay Period

 

(a)        Daywork Employees

 

Unless otherwise agreed at the site, the weekly payment of wages will occur on Tuesday of each working week.  Payment will be for the hours worked between Monday to Sunday of the previous week.

 

(b)        Shiftwork Employees

 

Unless otherwise agreed at the site, the weekly payment of wages will occur on Tuesday of each working week.  Payment will be for the hours worked between Monday to Sunday of the previous week.

 

2.          Insert after subclause 31.5, of clause 31, Superannuation, the following new subclause:

 

31.6                  Salary Sacrifice

 

31.6.1               An employee may request that their pre-tax rate of pay be reduced by the amount which they elect in writing to sacrifice each pay period. This will enable the company to make a superannuation contribution equal to this amount for the benefit of the employee to their superannuation fund (either the Meat Industry Employees Superannuation Fund or the Nestlé administered fund, NAGSF). This reduction in pay for superannuation purposes will be known as a "salary sacrifice" arrangement. This contribution will be treated as an employer contribution and taxed accordingly.

 

31.6.2               Employees may review their salary sacrifice arrangements consistent with rules of the fund into which these salary sacrifice contributions will be paid.  It is recommended that employees seek financial advice before electing to salary sacrifice Superannuation contributions.

 

31.6.3               Payments, including Annual leave loading, redundancy, paid out entitlements, overtime and any allowances, which are calculated using a wage rate, are based on the pre-salary sacrifice rate of pay.

 

3.             This variations shall take effect on or from 9 September 2005.

 

 

 

R. W. HARRISON  D.P.

 

____________________

 

 

Printed by the authority of the Industrial Registrar.