Note: See regulation 2.06AA.
Fair Work Act 2009 , sections 179 and 179A
DISCLOSURE BY BARGAINING REPRESENTATIVE OF FINANCIAL BENEFITS AS A CONSEQUENCE OF PROPOSED ENTERPRISE AGREEMENT
This document is prepared by [Name of organisation or employer] in relation to a proposed enterprise agreement ( [Name of proposed enterprise agreement] ).
Certain financial benefits that will be, or can reasonably be expected to be, received or obtained as a direct or indirect consequence of the operation of one or more terms ( beneficial terms ) of a proposed enterprise agreement must be disclosed to employees before they vote on the agreement. The nature and (as far as reasonably practicable) the amount of each such benefit, and the name of each person who will or can reasonably be expected to receive, or provide, each such benefit must be disclosed in the following table, using a separate section for each beneficial term.
Examples of benefits that must be disclosed include director's fees, management fees, brokerage fees, commissions, dividends and trust and share distributions. See sections 179 and 179A of the Fair Work Act 2009 .
Beneficial term: [insert, e.g. clause number] | |||
Nature of financial benefit | Amount of financial benefit | Name of beneficiary | Name of provider |
[Describe nature of section 179 disclosable benefit or section 179A disclosable benefit] | [Describe (as far as reasonably practicable) amount of benefit. This could be the total amount or, for a recurring benefit, the amount and frequency. If not reasonably practicable to describe amount of benefit, set out the basis on which the amount is or will be determined.] | [Name of each beneficiary] | [Name of each person who will or can reasonably be expected to provide the benefit (if known). This does not need to be a party to the proposed enterprise agreement.] |
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Beneficial term: [insert, e.g. clause number] | |||
Nature of financial benefit | Amount of financial benefit | Name of beneficiary | Name of provider |
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Name of authorised person: [Full name of person authorised to give document on behalf of organisation or prepare document on behalf of employer]
Signature of authorised person:
Date: [Date on which document is signed by authorised person]