7Functions of Corporation

7 Functions of Corporation

The functions of the Corporation are: (a) to establish and maintain the Fund; and (b) to make payments into and out of the Fund, and invest the Fund, in accordance with this Act and the Payroll Levy Collection Act; and (c) to advise the Minister as to the rates of payroll levy that should be imposed on employers; and (d) to monitor payments of the payroll levy and keep the Minister informed of any failure by an employer to pay the payroll levy; and (da) to maintain records relating to: (i) the employment of eligible employees; and (ii) the qualifying service completed by, and the long service leave entitlements of, eligible employees; and (iii) employers of eligible employees; and (iv) amounts that are, or may become, payable to employers under Part 7; and (e) to advise the Minister generally on the operation of this Act, the Payroll Levy Act and the Payroll Levy Collection Act; and (f) such other functions as are conferred on the Corporation by the Payroll Levy Collection Act.