Definition of “Salary”

The LexisNexis Concise Australian Legal Dictionary defined “salary” as:

“A fixed amount paid regularly to an employee as remuneration for work done. It is some times used in contradistinction to ‘wage’, which may vary in amount from pay period to pay period according to the type or amount of work done.”

In a contributory superannuation fund the employees make a contribution from their salaries, generally at a fixed rate, and the employer will also make periodic lump sum contributions to the fund as recommended by the fund actuary.

The term “remuneration” is often used to include amounts such as allowances or employer superannuation contributions made in addition to salary and wages.

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This tab updated on 2 June 2015