Paid/Unpaid Leave

 

What happens when I'm on paid leave?

Your contributions will continue towards Shareplus every pay period. Your rights to any Matched Shares on any Acquired Shares that you have received will not be affected.

Can I make contributions while I am on temporary paid leave (e.g. paid parental leave, sick leave, long-service leave)?

You can continue to participate in Shareplus while you are on temporary paid leave and your contributions will continue for the periods you are receiving salary during that time. If your salary stops during the time you are on paid leave, then your contributions will also stop. Any shares that you have acquired through Shareplus will be held in the Plan while you are on leave and the Holding Period and eligibility to receive any applicable Matched Shares will remain unchanged.

Can I make contributions while I am on unpaid leave (e.g. unpaid parental leave, sabbatical)?

No, you must be receiving a salary to make contributions to Shareplus. Your participation in the Plan will be suspended for any periods when you do not receive a salary. Acquired Shares will still be purchased at the end of the quarter with the contributions that you have made, and your Acquired and Matched Shares will remain in the Shareplus Nominee account (unless you choose to sell or transfer them). The Holding Period and eligibility to receive any applicable Matching Shares will remain unchanged.

Can I make advance or backdated contributions to cover my period of unpaid leave?

No, you cannot make advance or backdated contributions into the Plan.

If I am on temporary or unpaid leave during the Holding Period will my Matched Shares be reduced?

No, you will still be eligible to receive a one-for-one share match for each Acquired Share you have at the end of the Holding Period.