s 50 Interpretation for purposes of sections 48 and 49
50.—(1) Where a notice is served under section 18 of the Industrial Relations Act 1960 by an employer or a trade union representing the employer’s employees in respect of any matter referred to in sections 48 and 49 and no agreement is reached between the parties, either party may, despite the provisions of the Industrial Relations Act 1960, refer the matter to the Industrial Arbitration Court established under the Industrial Relations Act 1960 for arbitration.(2) In sections 48 and 49 —“annual wage supplement” means a single annual payment to employees that is supplemental to the total amount of annual wages earned by them, whether expressed as a percentage thereof or otherwise; “variable payment” means such payment, however expressed and whether paid annually or otherwise, which serves as an incentive to all employees to increase their productivity or as a reward for their contribution; “wages” means the basic wages payable to an employee in respect of work done under his or her contract of service but does not include any commission, overtime allowance or other allowances payable to an employee. —(1) Where a notice is served under section 18 of the Industrial Relations Act 1960 by an employer or a trade union representing the employer’s employees in respect of any matter referred to in sections 48 and 49 and no agreement is reached between the parties, either party may, despite the provisions of the Industrial Relations Act 1960, refer the matter to the Industrial Arbitration Court established under the Industrial Relations Act 1960 for arbitration. (2) In sections 48 and 49 —“annual wage supplement” means a single annual payment to employees that is supplemental to the total amount of annual wages earned by them, whether expressed as a percentage thereof or otherwise; “variable payment” means such payment, however expressed and whether paid annually or otherwise, which serves as an incentive to all employees to increase their productivity or as a reward for their contribution; “wages” means the basic wages payable to an employee in respect of work done under his or her contract of service but does not include any commission, overtime allowance or other allowances payable to an employee.