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Salary Sacrifice Options  
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The Human Resources site has been redeveloped and is now available at

http://www.human-resources.utas.edu.au/

This site is no longer being updated, but will remain live until 27 November 2009. Please update any bookmarks and enjoy using the new site.

 

In accordance with the relevant Enterprise Agreement or other industrial instrument, eligible staff may apply to receive a salary lower than that to which they are otherwise entitled, in exchange for University payment of the item(s) outlined in the Agreement or industrial instrument..

In such cases the amount of reduction in salary payable will be equal to the University payment, together with any tax payable upon such payment being made by the University to the benefit of the employee.

Please note:

  • These salary sacrifice options do not apply to casual staff.

  • There is no restriction on the amount of salary that can be sacrificed under salary sacrifice arrangements entered into by agreement with the University. Where staff wish to sacrifice a significant amount of salary, however, it is strongly recommended that they take independent financial advice before doing so.

Salary sacrifice arrangements are currently available in respect of the following:

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Motor Vehicle Salary Packaging

Information in relation to the salary packaging of a leased vehicle is available from the following website.

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Laptop Computers

Laptop computers may be salary sacrificed where the use of the laptop computer is primarily for use in the employee’s employment.  Please take a few minutes to read the details of the UTAS arrangement contained within the following information sheet.

Prior to purchasing a laptop, the Approval for the Salary Sacrifice of a Laptop Computer form must be completed and signed by your Head of Budget Centre.  The details of your application will be assessed by the University.  If it is agreed that based on the information provided, it is reasonable to conclude that the laptop is to be used primarily for use in your employment at UTAS, you will be advised that a sacrifice arrangement has been agreed and you will be provided with a Salary Sacrifice/Reimbursement form which can be used once you have purchased the laptop computer.

If you have any questions in relation to laptop salary sacrifice please call Stephen Mace on ext. 3053 or Kylie Burke on ext. 3415.

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Airline Club Membership


Employees who wish to salary sacrifice Qantas Club or Virgin Blue Memberships should read the details contained in the University of Tasmania Airline Club Membership – Salary Sacrifice Arrangements [PDF] document.

The following forms must be completed for new Qantas Club Memberships:

* Both these forms should be returned directly to Qantas


For new Virgin Blue Memberships:

  • Contact Carol Connors ext 3655 or email Carol.Connors@utas.edu.au with Velocity account number, and full name (as it appears on the Velocity account) so as you can be included in the Corporate Scheme.
  • You will receive an email from Virgin Blue’s The Lounge for you to complete and pay for your membership.

For all memberships:
The following salary sacrifice/reimbursement form needs to be completed and appropriate documentation attached for new memberships and renewal of memberships:


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Superannuation

Staff may opt to have their employee superannuation contribution (7 per cent of salary) to UniSuper's Defined Benefit Plan or Investment Choice Plan (both formerly SSAU) paid by the University as an employer superannuation contribution. In such cases, the employee’s salary will be reduced by the amount necessary to pay both the superannuation contribution and the 15 per cent tax payable by the University upon making the payment as an employer superannuation contribution. For more details refer to the form [PDF].

Voluntary pre-tax contributions can also be made under salary sacrifice arrangements. For more details refer to the UTAS form [PDF] and the UniSuper form [PDF]. Note: Both forms must be completed when electing to make voluntary pre-tax contributions.

Leave Payouts
It is not possible to receive a lump sum leave pay-out in the form of an employer superannuation contribution as opposed to receiving it as PAYG salary. (Current taxation legislation does not allow salary sacrifice of entitlements already accrued, however, the legislation does allow salary sacrifice of entitlements yet to be accrued.) However, it is possible to receive a lump sum leave payment as PAYG salary on the one hand, and salary sacrifice an equivalent amount of normal salary into superannuation on a prospective basis on the other hand. Information in relation to this option is available here.

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University Parking Fees

University staff parking fees. For more details refer to the form [PDF] which is available from the Asset Management website.

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University Sport and Recreation Membership Fees

Membership fees for the University's Sport and Recreation Centres. For more details refer to the form [PDF].

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Last Modified: 02-Oct-2009