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Derwent Search Pty Ltd (ABN 17 115 355 112) of Level 21, 123 Pitt Street, Sydney, New South Wales, 2000 (“Client”)
and
Hyper Automate Consulting Services (ABN 13 277 039 647) of 21 Coniston Street, Wheeler Heights, New South Wales, 2097 (“Consulting Business”)
Following on from our recent discussion, this document outlines the proposed terms for extending our partnership. To ensure I can continue delivering AI & Automation outcomes for Derwent, whilst also accommodating my external business commitments with Hyper Automate, I propose adjusting the engagement to 2 days per week (0.4 FTE equivalent).
This renewal includes a standard 5% increase on the base rate and transitions the pricing structure to a model that incorporates the value of annual, sick, and wellness leave into the day rate. This simplifies administration on both sides, allowing for flexible working days while ensuring Derwent only pays for active days worked. Additional days will be added to the weekly invoices, which will continue to be sent in arrears.
| Base Salary | $231,000.00 |
| Super (12%) | $27,720.00 |
| Total Package | $258,720.00 |
| 0.4 FTE Value (2 days) | $103,488.00 |
| Added Loading (+31%) | $135,569.28 |
| 2-Day Weekly Fee ($135,569.28 ÷ 52 weeks) | $2,607.10 |
No new allowances. Remaining unused allowances from DEHA04 will be used within the first 2 weeks of July:
Added or removed from weekly invoices based on the rate of $1,303.55 per day.
All other Agreement Terms and Conditions remain the same as the initial agreement DEHA01, signed on 24 September 2024 by both parties. As per the original agreement, only worked days are invoiced.
This agreement will be reviewed in line with Derwent annual pay increases on 1 July each year.