130Statement of payments to workers to be supplied to insurer

130 Statement of payments to workers to be supplied to insurer (1) Subject to subsection (4), an employer applying to an insurer for the issue or renewal of a policy of insurance or indemnity (for which purpose policy of insurance or indemnity includes a cover note) against liability under this Act shall: (a) not later than 28 days after: (i) the issue of the policy; (ii) the date for renewal of the policy; or (iii) the policy expires, as the case may be, give to the insurer a statement containing the information referred to in subsection (3); and (b) not later than 28 days after the expiration of each such period of insurance or indemnity, supply the insurer with a full and correct statement of the amounts actually paid by him or her during the period. (2) An employer who contravenes subsection (1) is guilty of a Maximum penalty: 25 penalty units.

Return to Work Act 1986 119 (3) An employer shall include in a statement referred to in subsection (1)(a): (a) a proper estimate of the payments that will be payable by him or her during the insurance or indemnity period to the workers in his or her employ in respect of whom the employer would be entitled to claim under the policy; (b) a statement showing the trade, occupation and calling of such (c) such other information as is prescribed. (4) Where: (a) the Authority approves a form in or to the effect of which a statement referred to in subsection (1) is to be supplied; or (b) the Regulations prescribe the manner in which the statement is to be verified, a statement is not sufficient for the purposes of subsection (1) unless it is supplied in that form or verified in that manner. (5) An employer shall keep full and correct records of: (a) all wages paid to; (b) the trade, occupation or calling of; and (c) such other matters as are prescribed relating to wages paid to, workers employed by him or her. (6) An employer shall, for not less than 7 years, retain in the Territory the records referred to in subsection (5). (7) An employer who fails to comply with subsection (6) is guilty of a Maximum penalty: 17 penalty units.