C2002-32 Senior Executive Service - Notional Salary
Issued: by Department of Premier and Cabinet
This AR is archived. No replacements were suggested by the author.
Key information
- Status
- Archived
- Type
- Department of Premier and Cabinet Circular
- Identifier
- C2002-32
- Compliance
- Not mandatory
- Updated
About
Senior Executive Service - Notional Salary
The Australian Taxation Office has set the maximum contribution base for Superannuation Guarantee payments at $29,220 per quarter ($116,880.00 per annum) from 1 July 2002. On the same date, the Superannuation Guarantee charge percentage increases from 8% to 9%.
As a result of these changes, from 1 July 2002 the following calculations apply to determine notional salary for a SES remuneration package. (NOTE: these calculations are for notional salary purposes only and are used for paying SES entitlements or when non-SES act in SES positions).
- If the Total Remuneration Package (TRP) is greater than $127,399.20 p.a. then the notional salary is the TPR less $10,519.20.
For example, if an SES officer is on a TRP of $200,000.00 then the notional salary for that package is $200,000 - $10,519.20 = $189,480.80.
- If the TRP is less than or equal to $127,399.20 p.a. then the notional salary is the TRP divided by 1.09.
For example, if an SES officer is on a TRP of $120,000.00 then the notional salary for that package is $120,000.00 / 1.09 = $110,091.74.
Advice concerning the impact of the increases on the Superannuation Guarantee charge percentage for other purposes will be the subject of a separate Circular. This Circular updates the figures provided in Circular No. 2001 - 31.
C. Gellatly
Director-General
Issued (Branch): Public Sector Management Office
Contact: Robert Horrocks
EMail: [email protected]
Telephone no: (02) 9228-4263
File no: PSMO/01229
Date: 1 July 2002
This circular supersedes Circular No. 2001-31
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