Premier & Cabinet

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

C2005-27 Senior Executive Service - Notional Salary

Detailed Outline

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

______________________________________________

superseded by C2006-22

Overview

Compliance

Not Mandatory

AR Details

Date Issued
Jun 20, 2005
Review Date
Jun 13, 2024
Replaces
Replaced By

Contacts

Contact
Contact us
Phone
02 9228 5555
Publishing Entity
Department of Premier and Cabinet
Issuing Entity
Department of Premier and Cabinet