Labour Hire Licensing Regulation 2018
sec.6Information about financial viability of business— Act , s 13
Start here
Get a plain-English read of sec.6
Turn the raw legal text into a practical explanation grounded in Labour Hire Licensing Regulation 2018.
sec.6 Information about financial viability of business— Act , s 13
For section 13 (3) (c) (ii) of the Act , the prescribed information is a description of the financial documents held by the applicant relating to the business’s ability to— meet its actual, or projected, operating costs and expenses; and pay each worker supplied by the business as and when the worker is due to be paid; and pay other financial obligations or entitlements in relation to workers, including, for example, the payment of payroll tax and superannuation for workers. a profit and loss statement a balance sheet an independent accountant’s report a financial plan a statement of actual, or projected, cash flow a bank statement a document showing amounts withheld from payments made to employees and paid to the Australian Taxation Office a document showing payment of employee superannuation
- (a) meet its actual, or projected, operating costs and expenses; and
- (b) pay each worker supplied by the business as and when the worker is due to be paid; and
- (c) pay other financial obligations or entitlements in relation to workers, including, for example, the payment of payroll tax and superannuation for workers.
- • a profit and loss statement
- • a balance sheet
- • an independent accountant’s report
- • a financial plan
- • a statement of actual, or projected, cash flow
- • a bank statement
- • a document showing amounts withheld from payments made to employees and paid to the Australian Taxation Office
- • a document showing payment of employee superannuation