In accordance with the Staff Agreement or other industrial instrument, eligible staff may apply to receive a salary lower than that to which they are otherwise entitled, in exchange for University payment of the item(s) outlined in the Agreement or industrial instrument.
In such cases the amount of reduction in salary payable will be equal to the University payment, together with any tax payable upon such payment being made by the University to the benefit of the employee.
- These salary sacrifice options do not apply to casual staff.
- There is no restriction on the amount of salary that can be sacrificed under salary sacrifice arrangements entered into by agreement with the University. Where staff wish to sacrifice a significant amount of salary, however, it is strongly recommended that they take independent financial advice before doing so.