sch.1-sec.32Provision of financial statements

sch.1-sec.32 Provision of financial statements

As soon as practicable, but no later than 10 days after receiving an amount payable to a model or performer, a private employment agent must give the model or performer a statement— giving particulars of the amount received; and showing the amount paid to the model or performer for the engagement. Maximum penalty—14 penalty units. A private employment agent who receives an amount from someone else on behalf of a model or performer must— hold the amount exclusively for the model or performer; and pay the amount to the model or performer within 7 days after receiving the amount. Maximum penalty—14 penalty units. The private employment agent must pay the amount to the model or performer personally or deposit the amount into an account nominated by the model or performer at a nominated financial institution. Maximum penalty—14 penalty units. (sch.1-sec.32-ssec.1) As soon as practicable, but no later than 10 days after receiving an amount payable to a model or performer, a private employment agent must give the model or performer a statement— giving particulars of the amount received; and showing the amount paid to the model or performer for the engagement. Maximum penalty—14 penalty units. (sch.1-sec.32-ssec.2) A private employment agent who receives an amount from someone else on behalf of a model or performer must— hold the amount exclusively for the model or performer; and pay the amount to the model or performer within 7 days after receiving the amount. Maximum penalty—14 penalty units. (sch.1-sec.32-ssec.3) The private employment agent must pay the amount to the model or performer personally or deposit the amount into an account nominated by the model or performer at a nominated financial institution. Maximum penalty—14 penalty units.

• (a) giving particulars of the amount received; and
• (b) showing the amount paid to the model or performer for the engagement.
• (a) hold the amount exclusively for the model or performer; and
• (b) pay the amount to the model or performer within 7 days after receiving the amount.