AN170096 – Silviculture and Afforestation Award

5. 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) An employer shall provide superannuation in accordance with the following Commonwealth legislation: 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.

(b) ‘Ordinary Time Earnings’ Shall include an employee’s classification rate, overaward payments, shift loading, casual loading and any permanent all purpose work related allowance but shall exclude overtime payments, annual leave loading, annual or long service leave payments on termination and allowance paid as reimbursement of expenses.

(c) The employer shall make superannuation contributions, or improvements pursuant to this clause, to any of the following funds:

Superannuation Trust of Australia (STA);

TASPLAN.

Any other fund that the employee chooses provided that this clause expressly prohibits an employer making contributions or improvements to an employer self managed fund.