Salaries and payments

Salaries and payments

PART 3: REMUNERATION AT MACQUARIE

14. SALARIES AND PAYMENTS

14.1 On 29 March 2018, the University paid an increase of 2% to all classifications covered by this Agreement.

14.2 This Agreement provides for the following salary increases, which will apply to all classifications covered by this Agreement:

(a) 2% from 28 March 2019;

(b) 2% from 26 March 2020;

(c) 2% from 25 March 2021.

Salary Rates

14.3 The salaries in Schedule 1 – Full-time Academic Salaries are in compensation for all ordinary hours specified in the definitions of Full-time Employment and Part-time Employment worked by a Staff Member.

14.4 The minimum salaries for full-time Staff Members will be as contained in Schedule 1 – Full-time Academic Salaries.

14.5 Part-time Staff will be paid pro rata based on the appropriate salary for full-time Staff Members.

14.6 The rates of pay for casual Staff Members will be as contained in Schedule 2 – Casual Academic Rates of Pay. These rates of pay incorporate a casual loading in lieu of those Agreement benefits for which casual Staff are ineligible including those leave and redundancy entitlements to which casual Staff are not entitled.

14.7 A Staff Member who on appointment to a Level A position holds, or who during appointment gains, a relevant doctoral qualification will be remunerated at no less than Step 6, Level A.

Payment of Salaries

14.8 Salaries will be paid fortnightly by direct electronic funds transfer to an account nominated by the Staff Member at an Australian based financial institution.

14.9 The University will issue pay slips to Staff electronically. In circumstances where a Staff Member is unable to access electronic means of receiving the pay slip a hard copy will be provided.

Flexible Salary Packaging

14.10 All eligible Staff Members may choose to enter into a salary packaging arrangement with the University for the purposes of receiving a salary lower than that to which they are entitled under Schedule 1 - Full-time Academic Salaries in exchange for a ‘benefit’ of equivalent value.

14.11 Where an agreement is reached between a Staff Member and the University in accordance with this subclause, benefits may be provided to the extent that the cost to the University of providing the benefits and the reduced salary does not exceed the cost to the University of providing the salary prior to entering into the salary packaging arrangement. Any arrangements will be in accordance with relevant taxation legislation.

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