Payroll Operations Terms of Service

Novated Lease Terms of Service

Declaration

I declare the following:

The information I have provided in this checklist is true and accurate.
I acknowledge the information provided by Recruitment Hive does not constitute financial or taxation advice. Recruitment Hive recommends that employees seek independent financial advice.
I understand that any changes to the Novated Lease must be made in writing to Recruitment Hive. Employee (Applicant) withdrawal from the Novated Lease must be made in writing to Recruitment Hive with 30 days’ notice.
Recruitment Hive accepts no liability should I incur additional income tax or other costs, now or in the future, as a result of this salary sacrifice claim.
I agree to reimburse Recruitment Hive the full cost of any Fringe Benefits Tax liability or penalty incurred as a result of this salary sacrifice claim.

Please note: This should not be claimed again in your personal income tax return, as the ATO would consider it to be double-dipping.

By signing to this form, you agree that the information has been checked and is accurate, and you authorise Recruitment Hive Pty Ltd to implement the details of the request.

Super Salary Sacrifice Terms of Service

Superannuation Fund

The Employee's salary sacrifice superannuation contributions will be paid into the employee's nominated superannuation fund. The fund details are identical to those entered by the employee in Astute.

Salary Sacrifice Amount

The Employee wishes to sacrifice the following amount from their pre-tax salary to be contributed to their nominated superannuation fund.

Frequency of Sacrifice

The salary sacrifice deduction will align with the employee’s regular pay cycle and will be paid into the employee’s nominated superannuation fund concurrently with the processing of the employer contributions.

Variation and Termination

This Agreement can be varied by written agreement between the Employer and the Employee.
The Employee may terminate this Agreement by providing one month's written notice to the Employer.
The Employer may terminate this Agreement in accordance with relevant company policy.

Employee Acknowledgements

I have chosen to enter into this salary sacrifice arrangement voluntarily.
I understand that the sacrificed amount will be paid into my nominated superannuation fund and will be subject to the rules and regulations of that fund and relevant superannuation legislation.
I have sought my own independent financial advice regarding the salary sacrifice and the suitability of this arrangement.
I agree the information has been checked and is accurate, and I authorise Recruitment Hive Pty Ltd to implement the details of the request.
I acknowledge that it is my responsibility to ensure any salary sacrificing arrangements do not breach the Concessional Contributions Cap for individuals.
I understand that any breach of the Concessional Contributions Cap may result in additional tax payable to the Australian Taxation Office, which is levied at the marginal (average) rate of tax.

By signing to this form, you agree that the information has been checked and is accurate, and you authorise Recruitment Hive Pty Ltd to implement the details of the request.

Work Related Equipment Terms of Service

Declaration

I declare the following:

The above expense(s) is directly related to my work and is a legitimate expenditure incurred by me.
I acknowledge the information provided by Recruitment Hive does not constitute financial or taxation advice. Recruitment Hive recommends that employees seek independent financial advice.
Recruitment Hive accepts no liability should I incur additional income tax or other costs, now or in the future, as a result of this salary sacrifice claim. I agree to reimburse Recruitment Hive the full cost of any Fringe Benefits Tax liability or penalty incurred as a result of this salary sacrifice claim.

Please note: This expense should not be claimed again in your personal income tax return, as the ATO would consider it to be double-dipping.

By signing to this form, you agree that the information has been checked and is accurate, and you authorise Recruitment Hive Pty Ltd to implement the details of the request.

LAFHA Terms of Service

Declaration

I declare the following:

I have read and understood the information provided by all parties regarding the salary sacrifice of a Novated Lease.
I understand that any changes to the Novated Lease must be made in writing to Recruitment Hive. Employee (Applicant) withdrawal from the Novated Lease must be made in writing to Recruitment Hive with 30 days’ notice. Reconciliation of funds will be finalised, and any held balance will either be paid out or returned to payroll, as determined by Recruitment Hive. If my contract terminates before the full amount is able to be salary sacrificed, any outstanding amount will be settled by me as instructed by Recruitment Hive.
Recruitment Hive will not indemnify the employee or the Financier against any losses or liabilities. As an employee, I will indemnify the Financier and Recruitment Hive against all losses and liabilities incurred by me, whether directly or indirectly.
I acknowledge that the information provided by Recruitment Hive does not constitute financial or taxation advice. Recruitment Hive recommends that employees seek independent financial advice.
Recruitment Hive accepts no liability should I incur additional income tax or other costs, now or in the future, as a result of this salary sacrifice claim. I agree to reimburse Recruitment Hive the full cost of any Fringe Benefits Tax liability or penalty incurred as a result of this salary sacrifice claim.

Please note: This expense should not be claimed again in your personal income tax return, as the ATO would consider it to be double-dipping.

By signing this form, you agree that the information has been checked and is accurate, and you authorise The Recruitment Hive Pty Ltd to implement the details of the request.