8Records, returns and information

8 Records, returns and information

[Section 8 Substituted by No. 17 of 2003, s. 7, Applied:09 May 2003]

(1)  An employer or a person liable to pay a levy under section 7 is to –

(a) supply the company with any records or information the company requires in relation to the new scheme; and

(b) make any returns the company requires in relation to the new scheme.

(2)  An employer, in respect of any employee of the employer, must –

(a) keep for a period of 7 years after the termination of that employee's employment, a record of that employment; and

(b) provide the company with access to that record when requested by the company to do so.

Penalty:  Fine not exceeding 10 penalty units.

(3)  A termination of the employment of an employee in accordance with section 12(4) is not a termination for the purposes of subsection (2) of this section.