On-Costs
Oncosts associated with Salaries
|
NSW Oncosts
(effective date 01/07/2016)
|
Non -Casuals | Casuals | |
|
With contributory super
(contracts greater than 2 years)
|
Without contributory super
(contracts less than 2 years
|
||
| Employer Contribution for Super | 17.00% | 9.50% | 9.50% |
| Payroll Tax on salaries & allowances | 5.45% | 5.45% | 5.45% |
| Payroll Tax on Super (17.00% × 5.45% or 9.50% × 5.45%) | 0.93% | 0.52% | 0.52% |
| Workers Compensation | 0.20% | 0.20% | 0.20% |
| Provision for Long Service Leave | 4.50% | 4.50% | |
| Leave Loading | 1.34% | 1.34% | |
| NSW Total | 29.42% | 21.51% | 15.67% |
|
ACT Oncosts
(effective date 01/07/2016)
|
Non -Casuals | Casuals | |
|
With contributory super
(contracts greater than 2 years)
|
Without contributory super
(contracts less than 2 years
|
||
| Employer Contribution for Super | 17.00% | 9.50% | 9.50% |
| Payroll Tax on salaries & allowances | 6.85% | 6.85% | 6.85% |
| Payroll Tax on Super (17.00% × 6.85% or 9.50% × 6.85%) | 1.16% | 0.65% | 0.65% |
| Workers Compensation | 0.20% | 0.20% | 0.20% |
| Provision for Long Service Leave | 4.50% | 4.50% | |
| Leave Loading | 1.34% | 1.34% | |
| ACT Total | 31.05% | 23.04% | 17.20% |
A Payroll Tax of 5.45% is applicable to employer superannuation contributions payable by the Faculty/School/Division.
Oncosts for Termination Payments
|
Oncost
|
UNSW | |
|---|---|---|
|
|
1/7/2016
|
|
|
Annual Leave
|
Payroll Tax + Workers Compensation
|
5.45% + 0.2%
|
|
Long Service Leave Pre 78 (Lump Sum B)
|
Payroll Tax + Workers Compensation
|
5.45% + 0.2%
|
|
Long Service Leave Pre 93 (Lump Sum A)
|
Payroll Tax + Workers Compensation
|
5.45% + 0.2%
|
|
Long Service Leave Post 93 (Lump Sum C)
|
Payroll Tax + Workers Compensation
|
5.45% + 0.2%
|
| Leave Loading | Payroll Tax + Workers Compensation | 5.45% + 0.2% |
|
Lump Sum C
|
Payroll Tax only
|
5.45%
|
|
Lump Sum D
|
Payroll Tax + Workers Compensation
|
Nil for both
|
Superannuation
New rates for compulsory super payments
| Start Date | Super guarantee rate |
|---|---|
| 1 July 2014 | 9.5% |
| 1 July 2021 | 10% |
| 1 July 2022 | 10.50% |
| 1 July 2023 | 11% |
| 1 July 2024 | 11.5% |
| 1 July 2025 | 12% |
Further Information of assistance:
17% of ordinary time earnings if the employee is :
Employed on successive fixed term contracts for two (2) years or more where the position in which the employee is employed is funded through an operating grant from government or funding comprised of payment of fees made by or on behalf of students.
Such contributions will be payable from the start date of any new contract which commences after the employee has completed two (2) years or more on successive fixed term contracts.
REF: UNSW Professional Staff EBA Agreement 2015.
13.0 Superannuation (i) (d) or contact your Human Resources Consultant if further information is required.