C2003-19 Senior Executive Service - Notional Salary
Issued: 13 June 2014 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
- C2003-19
- Compliance
- Not mandatory
About
The Australian Taxation Office has set the maximum contribution base for Superannuation Guarantee payments at $30,560 per quarter ($122,240 per annum) from 1 July 2003. The Superannuation Guarantee charge remains at 9%.
As a result, from 1 July 2003 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 out SES entitlements or when non-SES act in SES positions).
- If the Total Remuneration Package (TRP) is greater than $133,241.60 p.a. then the notional salary is the TPR less $11,001.60.
For example, if an SES officer is on a TRP of $200,000.00 then the notional salary for that package is $200,000 - $11,001.60 = $188,998.40. - If the TRP is less than or equal to $133,241.60 p.a. then the notional salary is the TRP divided by 1.09.
For example, if an SES officer is on a TRP of $125,000.00 then the notional salary for that package is $125,000.00 รท1.09 = $114,678.89.
C Gellatly
Director-General
Issued : PSMO
Contact: Robert Horrocks
EMail: [email protected]
Telephone no: 9228 4263 Facsimile: 9228 4056
File no: PSMO/01229
Date: 20 June 2003
This circular replaces Circular No. 2002-32
___________________________________________________
Superseded by C2004-14