endstream endobj 159 0 obj <>stream To support staff with family or other commitments there are options available for full-time staff to adopt a 46/48/50-week year for a negotiated 12-month period. endstream endobj startxref The salary paid to them will be 46/52, 48/52 or 50/52 of their full-time salary. Purchased Leave is an agreement between the Employer and Employee, to allow an Employee to use part of their annual salary to purchase additional leave. �Jb�3�!XE It does not alter an Employee’s equivalent full-time (EFT) status. A “purchased leave agreement” is a written agreement that as a minimum, includes the duration of the work and purchased leave periods, the anticipated dates of purchased leave taking, the basis for calculating the applicable fortnightly salary deductions and theagreed right of return to pre -existing employment arrangements. If you change an existing purchased leave agreement, you might receive an overpayment or see an adjustment of your leave balances. All other leave taken during the 12 month Purchased Leave Agreement period i.e. endstream endobj 153 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 156 0 obj <>/Subtype/Form/Type/XObject>>stream 214 0 obj <>stream EMC /Tx BMC All paid leave, including long service leave, taken during the operation of the arrangement will be at the reduced rate applicable to the number of weeks purchased. The purchase of leave is through a pre-tax deduction of 20% from the employee’s fortnightly pay over 48 months. endstream endobj 157 0 obj <>/Subtype/Form/Type/XObject>>stream EMC 3. EMC endstream endobj 152 0 obj <>/Subtype/Form/Type/XObject>>stream /Tx BMC h��Z{o�6�*��š����E om��&�I��.�B�iG���걻駿�RdGvr����A��r^�q(�C"�LLx"�) aqD������X� cVaB*� �f���j�#� ��uì��$�� K"\hF0a‰1V*��$"�1T��A.M$g�`b� EMC /Tx BMC 2. %PDF-1.6 %���� /Tx BMC EMC Purchased leave may be taken in conjunction with other periods of leave. Within the nominated 12-month period staff are able to apply to have two weeks (50/52) or four weeks (48/52) additional annual leave, with a proportionate reduction in salary spread over the full year. /Tx BMC &7�H�j0{#��v�k0�"���&(��*�� �d}_"�. EMC EMC ��00}� ���q�����0 �o� :aY�=�L�&��2~7�� r�,��=ʁ���X�L30zi&���>�M -���}����#2I@fƚ#`��lp��30N+��` � * /Tx BMC % DSBlank h2�0|a����5��A���!B�DM! /Tx BMC Employee signature: Date: Section 2 – Manager/delegate to complete Application for purchased leave is: Approved Declined endstream endobj 141 0 obj <>/Metadata 5 0 R/Outlines 9 0 R/PageLayout/OneColumn/Pages 138 0 R/StructTreeRoot 19 0 R/Type/Catalog>> endobj 142 0 obj <>/ExtGState<>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 143 0 obj <>/Subtype/Form/Type/XObject>>stream /Tx BMC EMC /Tx BMC endstream endobj 146 0 obj <>/Subtype/Form/Type/XObject>>stream Additional leave is purchased using funds from your fortnightly salary. The deduction will be based on ordinary hours of work and paid leave takings, and will exclude payments for penalties, allowances and overtime. endstream endobj 154 0 obj <>/Subtype/Form/Type/XObject>>stream EMC EMC 176 0 obj <>/Filter/FlateDecode/ID[<0EA5AD46BC920047B756BAF418589A7E><01F38CB50993124DBFBF84FFBD68176E>]/Index[140 75]/Info 139 0 R/Length 140/Prev 104643/Root 141 0 R/Size 215/Type/XRef/W[1 3 1]>>stream Purchased leave is a scheme which provides the flexibility for employees enables you to fund an additional period of leave (up to a maximum of eight weeks per year) by reducing your fortnightly salary. including sick leave, annual leave, extended leave or leave in lieu, will be paid at the purchased leave rate of pay. V���%T���:'2*���(�$�90����Q �G0+h@� �IH"Q^��pЀ1�"��8��htaB ��=�~C��g0�����[z���Y9ϊ%TϏN��Y���w��,v�`(褿�G7��@����_v�4G&#�f6���w��|�. Purchased leave should be booked in advance and must be used within twelve (12) months after the agreed start date of the agreement with Council. EMC The purchased leave cannot be accrued and the dollar value of unused leave will be refunded where it has not been taken in the 12 month Purchased Leave Agreement period. /Tx BMC endstream endobj 144 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 148 0 obj <>/Subtype/Form/Type/XObject>>stream endstream endobj 145 0 obj <>/Subtype/Form/Type/XObject>>stream 140 0 obj <> endobj The cost of the additional leave is averaged over the twelve month Purchasing Year and paid by way of a reduced fortnightly salary. endstream endobj 150 0 obj <>/Subtype/Form/Type/XObject>>stream All contents of the lawinsider.com excluding publicly sourced documents are Copyright © 2013-, Assumed Executory Contract and Unexpired Lease List. endstream endobj 151 0 obj <>/Subtype/Form/Type/XObject>>stream Where an employee is participating in a Purchased Leave type of VFWA, the rate of pay to be used for calculating overtime payments, leave loading or shift penalties will be the rate of pay that would have been payable had the employee not been participating in the Purchased Leave arrangement. endstream endobj 147 0 obj <>/Subtype/Form/Type/XObject>>stream /Tx BMC All six (50/52) or eight (48/52) weeks leave must be taken during the 12-mont… endstream endobj 155 0 obj <>/Subtype/Form/Type/XObject>>stream /Tx BMC EMC Purchased Leave means a form of additional paid leave whereby an employee elects to purchase up to a maximum of four weeks additional paid leave per year, by having the employer set aside a portion of their weekly wage, for a period of up to 12 months prior to clearing the additional leave, equal to the value of the additional paid leave. spread the purchase of leave over the year, which is 52 weeks. %%EOF 0 • I have read and understood and agree to all the conditions within this Policy. The payment during the additional leave period will be based on an equal payment each fortnight over 12 months based on the employee’s endstream endobj 158 0 obj <>/Subtype/Form/Type/XObject>>stream /Tx BMC EMC Date to commence purchased leave: Conditions: • All conditions of purchased leave are outlined in the Purchased Leave Policy. h�b``Pb``�����X���1G����L.�6�/ /Tx BMC h�bbd```b``��K��B0�D2�I�U`r����W��+�dw!H�U5���"{&�ĀH6g0i agreement between the employer and the employee, purchased leave may be accessed in single days. /Tx BMC You are effectively taking leave without pay but instead of taking the financial hit in one go, it spreads the cost over 12 months. endstream endobj 149 0 obj <>/Subtype/Form/Type/XObject>>stream EMC Apply, change or cancel purchased leave Use this form to purchase additional leave, or to change or cancel an existing purchased leave agreement. The leave must be taken in the 12 month period specified in the Purchased Leave Agreement and will not attract any leave loading. EMC Purchased leave does not accrue and any portion of unutilised purchased leave is The purchased leave will be funded through the reduction in the Employee's ordinary rate of pay for the 12 month period of the Purchased Leave Agreement.

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