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Salary On Costs
With the exception of superannuation, the salary on-cost rates shown below will be charged by the University. The rate shown for superannuation is a guide only and may be used in estimating superannuation on-costs for potential new employees. Prior to the introduction of the Concept Personnel/payroll system, the rate for superannuation was based on the average cost of the different types of superannuation funds. With the introduction of the new system, the actual superannuation rate for each employee is used which varies according to his/her fund membership.
The minimum superannuation contribution payable by the University for each employee is 9% of salary providing the monthly salary exceeds $450. Hence as a general rule, a rate of 9% is applicable for the superannuation on-costs of casual employees.
For permanent employees, the amount payable will depend on his/her term of employment and fund membership. All employees at level 3 and above and employed for a period of two or more years are required to contribute to superannuation. For employees who do not meet this criteria, the minimum rate of 9% referred to above will apply.
The rate varies for employees contributing to a superannuation fund depending on their rate of contribution and the type of fund. There are four (4) different funds currently in operation:
Superannuation Scheme for Australian Universities (SSAU)
State Superannuation Fund (SSF)
State Authorities Superannuation Scheme (SASS)
Professorial Superannuation Scheme (Prof Super)
SSF, SASS and Prof Super have been closed to new members. Except where a new employee is already a member of one of these schemes in another organisation and transfers to the University, all new employees who are required to contribute to superannuation will join SSAU.
The University contributes basic benefit superannuation for members of these schemes as well as the contributory superannuation. For SSAU and Prof Super, the university contributes to the Tertiary Education Superannuation Scheme (TESS) for the basic benefit. For SSF and SASS, the University contributes to the State Authorities Non contributory Superannuation (SANCS). The combined superannuation on-cost rates for employees in each of these schemes are:
|
Contributory fund rate |
Basic benefit rate |
Total rate |
|
|
SSAU (note 1) |
14.0% |
3.0% (TESS) |
17.0% |
|
SSF |
14.0% (RDS) |
3% (SANCS) |
17% |
|
SASS (note 2) |
14.0% (RDS) |
3% (SANCS) |
17% |
|
Prof Super |
29.15% plus 2 times the employee contribution |
3.0% (TESS) |
32.15% plus 2 times the employee contribution |
Notes:
1. Employees at levels 1-2 are not required to join superannuation but have the option of contributing half or full rates. Employees at level 3-4 are required to contribute at half rates but have the option of contributing at full rates. For staff contributing at half rates, the university contributory fund rate will be 7%.
2. Employee contributions vary between 1% and 9% of salary
|
SALARY ON COSTS
|
|||
|
Permanent staff & Limited Term over 2yrs or over 50% |
Casual staff |
Limited Term contract less than 2 yrs or less than 50% |
|
|
Payroll tax (See note) |
5.75 |
5.75 |
5.75 |
|
Payroll tax on Superannuation |
1.17 |
0.41 |
1.17 |
|
Workers' compensation ** |
1.8 |
1.8 |
1.8 |
|
Maternity and extended sick leave provision |
0.90 |
0.90 |
0.90 |
|
Long-service leave |
2.15 |
0.00 |
2.15 |
|
Holiday pay loading |
1.34 |
0.00 |
1.34 |
|
Basic benefit and SGC superannuation* |
3.00 |
9.00 |
9.00 |
|
Contributory superannuation * |
14.00 |
0.00 |
0.00 |
|
TOTAL* |
30.11 |
17.86 |
22.11 |
* Superannuation rates are provided for guidance in costing only - as previously advised. The amount payable depends on the employee's fund membership. There are no changes to superannuation rates. However for members of the Professorial Superannuation scheme, the rate to apply is as follows:
| Contributory fund rate | 29.15% plus 2 times the employee contribution |
| Basic benefit (TESS) | 3.00% |
|
Total rate |
32.15% plus 2 times the employee contribution |
** Workers Compensation rates apply to all units with the exception of Buildings and Grounds and Halls of Residence. The on cost for these units is six percent.
Last Updated 9 July 2009
