The Salary Sacrifice Agreement Template – Australia is offered in multiple formats including PDF, Word, and Google Docs. Each version is customizable and print-ready, ensuring they suit your requirements effortlessly.
Salary Sacrifice Agreement Template – Australia Editable | PrintableSample
1. Parties Involved 2. Purpose of the Agreement 3. Salary Sacrifice Amount 4. Benefits Provided 5. Tax Implications 6. Duration of Agreement 7. Review and Changes 8. Termination Conditions 9. Confidentiality Obligations 10. Governing Law 11. Signatures and Acceptance
PDF
WORD
Examples
[Employee’s Name]
[Employee’s ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
[Employer’s Name]
[Employer’s ACN]
[Employer’s Address]
[Employer’s Phone]
[Employer’s Email]
This Salary Sacrifice Agreement (“Agreement”) outlines the terms under which [Employee’s Name] will sacrifice a portion of their salary, in accordance with tax laws, to benefit from [specific benefits, e.g., superannuation contributions, car lease, etc.], effective from [Start Date].
The Employee agrees to sacrifice [percentage or amount] of their gross salary as per the agreed terms.
In exchange for the sacrificed salary, the Employee will receive the following benefits: [list of benefits, e.g., additional superannuation contributions, company car, etc.].
The Employee acknowledges understanding that salary sacrifice may have tax implications and agrees to seek independent financial advice prior to entering this Agreement.
This Agreement will be reviewed annually, and adjustments can be made based on changes in salary, taxation laws, or personal circumstances upon mutual agreement.
Either party may terminate this Agreement with [Notice Period] written notice to the other party, effective from the end of the current pay period.
[Employee’s Signature]
[Employee’s Name]
[Employer’s Signature]
[Employer’s Name]
[Employee’s Name]
[Employee’s ID]
[Employee’s Address]
[Employee’s Phone]
[Employee’s Email]
[Employer’s Name]
[Employer’s ACN]
[Employer’s Address]
[Employer’s Phone]
[Employer’s Email]
This Salary Sacrifice Agreement (“Agreement”) is entered into between [Employee’s Name] and [Employer’s Name] to specify the terms of salary sacrifice for benefits including [specific benefits, e.g., additional superannuation, novated leases, etc.], starting on [Start Date].
The Employee agrees to sacrifice [specific percentage or dollar amount] of their salary. The sacrificed amount will be deducted before tax calculations.
In consideration of salary sacrifice, the Employee will receive [description of benefits, e.g., increased employer contributions to superannuation, a vehicle for personal use, etc.].
Should the total sacrificed amount exceed the allowable limits, the Employer agrees to refund the overpaid amount to the Employee in the subsequent pay cycle.
Any changes to this Agreement must be documented in writing and signed by both parties, ensuring mutual consent.
Both parties agree to comply with applicable taxation and employment laws related to the salary sacrifice arrangement.
[Employee’s Signature]
[Employee’s Name]
[Employer’s Signature]
[Employer’s Name]
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