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Salary Loadings Policy

The payment of salary loadings to staff in a manner which acknowledges that loadings will be appropriate

in many circumstances, and their continued applicability, must be commensurate with the level of

performance of the staff member concerned. Accordingly, except in special cases as may be approved

by the CEO, all salary loadings will be reviewed in relation to their continued applicability on the basis

of annual performance assessment against agreed objectives in key result areas.

For the purposes of this policy, ‘salary loading’ includes provision of benefits other than as salary.

Basis for the Payment of Loadings

Salary loadings in appropriate circumstances will be used to attract or retain or reward staff. The

continued applicability must be appropriate to the level of performance of the staff member concerned.

Responsibility Loadings

Responsibility loadings (such as Acting Centre Manager loadings) will be at a standardised fixed rate.

The performance management system will be used to determine whether an appointment should be

renewed or not or, where necessary, terminated prior to its normal expiry date.

‘Packaged’ Loadings

Salary loadings shall be non-superannuable, and are therefore able to be ‘packaged’ in accordance with

Bounce Fitness remuneration packaging arrangements.

Flexible Salary Packaging is an Australian Tax Office approved means for staff members to restructure

their salary, allowing them to make additional superannuation contributions and to purchase other

benefits with pre-tax, rather than with after tax, income. This gives staff members the flexibility to build

a salary package that is best suited to their individual needs.

All permanent, full-time staff members employed by Bounce Fitness may enter into Flexible Salary

Packaging arrangements.

Bounce Fitness Salary Packaging arrangements provide staff with the opportunity to incorporate various

Australian Taxation Office approved benefits into the delivery of their remuneration, to maximise any

available tax concessions and to suit their individual needs.

The following principles form the basis of the Policy:

Staff participation in Bounce Fitness Flexible Salary Packaging Scheme is voluntary.

Each staff member is responsible for obtaining his or her own independent financial advice

as to the merits or otherwise of participating in the Flexible Salary Packaging Scheme.

Packaging arrangements

For the majority of staff members, there is no limit on the amount that each staff member

may salary sacrifice. Generally staff members may salary sacrifice up to 100% of their base

salary, provided that obligations for making member contributions for superannuation are

met.

Accountability Requirements

Each Centre Manager in conjunction with the General Managers Human Resources and Finance shall

provide an annual report to the Board of Directors and CEO detailing information as required in relation

to salary loadings paid to staff during the relevant period, and the basis for the decisions taken to pay

such loadings and the reasons for such payments.