Department of Premier and Cabinet
Category
Department of Premier and Cabinet Circular
Identifier
C2005-27
Status
Archived

C2005-27 Senior Executive Service - Notional Salary

Description:

Superannuation Guarantee legislation requires quarterly employer contributions of at least 9% of ordinary time earnings, up to the maximum contribution base. The Australian Taxation Office has advised the maximum contribution base will be adjusted to $33,720 per quarter ($134,880 per annum) from 1 July 2005.

Superannuation Guarantee legislation requires quarterly employer contributions of at least 9% of ordinary time earnings, up to the maximum contribution base. The Australian Taxation Office has advised the maximum contribution base will be adjusted to $33,720 per quarter ($134,880 per annum) from 1 July 2005.

As a result, from 1 July 2005, 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 cashing out and paying out SES entitlements or when non-SES act in SES positions).

  • If the Total Remuneration Package (TRP) is greater than $147,019.20 p.a. then the notional salary is the TRP less $12,139.20

For example, if an SES officer is on a TRP of $200,000.00 then the notional salary for that package is $200,000 - $12,139.20 = $187,860.80

  • If the TRP is less than or equal to $147,019.20 p.a. then the notional salary is the TRP divided by 1.09

For example, if an SES officer is on a TRP of $130,000.00 then the notional salary for that package is $130,000.00 / 1.09 = $119,266.06

C Gellatly Director-General

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superseded by C2006-22