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B/7.11 Superannuation |
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7.11.1 Provision of superannuation coverage 7.11.1 Provision of superannuation coverage
QUT provides superannuation coverage for staff members through membership of UniSuper. This policy
provides information concerning legislative requirements, employment and scheme conditions.
7.11.2 Maximum CoverageAll staff members who have an appointment of 12 months or more are eligible for maximum superannuation coverage. The maximum superannuation coverage for staff members in UniSuper requires that QUT contribute the equivalent of 17% of gross salary. Staff members can choose a contribution rate of between 0% and 7% of gross salary subject to the UniSuper Trust Deed, with 7% of gross salary being the default rate. Inclusion in Maximum Coverage A staff member who is not normally eligible may apply for maximum coverage, provided that the staff member's position is funded from external sources and provides for maximum coverage. 7.11.3 Minimum CoverageStaff members who do not qualify for maximum superannuation coverage are provided minimum superannuation coverage. Minimum superannuation coverage requires that QUT pays the equivalent of the contribution required to be paid under the Superannuation Guarantee Administration Act 1992 (Cwth). The current level of the Superannuation Guarantee (SG) contribution is the equivalent of 9% of ordinary times earnings. From 1 January 2011, SG contributions extend to staff members who
7.11.4 Closed QSuper Superannuation FundsA number of staff appointed prior to 3 September 1990 (for academic staff) and 1 July 1991 (for professional staff) are members of the Queensland Government superannuation plans
These funds are not available for membership for all new or existing staff appointed after 3 September 1990 (for academic staff) and 1 July 1991 (for professional staff). Related DocumentsUniSuper website QSuper website Modification History
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