3.4 Superannuation

3.4 Superannuation

3.4.1 An existing Staff Member who is a current member of State Superannuation Fund (SSF), State Authorities Superannuation Scheme (SASS) or Macquarie University Professorial Superannuation Scheme may retain that membership and the University will make employer superannuation contributions in accordance with the relevant scheme.

3.4.2 For all other Staff, the University will make the following employer superannuation contributions to UniSuper:

(a) if the Staff Member is employed on a continuing basis or is employed on a fixed-term contract of two years or more, 17% of Ordinary Times Earnings (OTE) (as defined in the Superannuation Guarantee (Administration) Act 1992); or

(b) if the Staff Member is employed on a fixed-term contract of less than two years, the superannuation guarantee contribution in place from time to time paid as a percentage of OTE; or

(c) for a casual Staff Member whose wages are $450 or more per calendar month or who earns less than $450 per calendar month but more than $2,788 (or the amount notified by UniSuper from time to time) in either of the 6 month periods between 1 January and 30 June or 1 July and 31 December each year, the superannuation guarantee contribution in place from time to time paid as a percentage of OTE.

3.4.3 Provided that the University's Trust Deed and Deed of Covenant with UniSuper so allow, a Staff Member who is a member of UniSuper and who is eligible to receive the employer superannuation contribution specified in sub clause 3.4.2(a) may elect to make reduced employee superannuation contributions to increase take home salary or to access an other superannuation flexibility so allowed by the relevant Trust Deed and Deed of Covenant.

Back to the top of this page