On-Costs
Oncosts associated with Salaries
| Oncosts | UNSW | ||
|---|---|---|---|
| 1/7/2014 | |||
|
Payroll Tax
|
(1) | 5.45% | |
|
Workers Compensation
|
(2) | 0.2% | |
|
Provision for Long Service Leave
|
(3) | 4.5% | |
|
Employer Contribution for Super:
|
|||
|
For those employees appointed on contracts of 2 years or more:
|
(4) | 17.0% | |
|
For those employees appointed on contracts less than 2 years:
|
(5) | 9.5% | |
| Casuals | (6) | 9.5% | |
| Leave Loading | (7) | 1.34% | |
A payroll tax of 5.45% is applicable to employer superannuation contributions payable by the Faculty/School/Division.
| Total Oncosts | UNSW | |
|---|---|---|
| 1/7/2014 | ||
| Non-Casuals with contributory super |
(1) +( 2) + (3) + (4) + (7)
|
28.49% |
| Non-Casuals without contributory super |
(1) + (2) + (3) + (5) + (7)
|
20.99% |
| Casuals |
(1) + (2) + (6)
|
15.15% |
Oncosts for Termination Payments
|
Oncost
|
UNSW | |
|---|---|---|
|
|
1/1/2014
|
|
|
Recreation 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
|
* ADFA Oncosts are available via the Staff Gateway on the ADFA Website.
Superannuation
New rates for compulsory super payments
| Start Date | Super guarantee rate |
|---|---|
| 1 July 2014 | 9.5% |
| 1 July 2018 | 10% |
| 1 July 2019 | 10.50% |
| 1 July 2020 | 11% |
| 1 July 2021 | 11.50% |
| 1July 2022 | 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 2010.
13.0 Superannuation (i) (d) or contact your Human Resources Consultant if further information is required.