174Records relating to wages, contracts etc to be kept and supplied

174 Records relating to wages, contracts etc to be kept and supplied

174 Records relating to wages, contracts etc to be kept and supplied

(cf former ss 18 (8) (a)–(c), 44 (5))

(1) An employer shall keep correct records of—

(a) all wages paid to workers employed by the employer,

(b) the trade, occupation or calling of each such worker, and

(c) such other matters relating to those wages (or otherwise relevant to the calculation of premiums payable under policies of insurance) as may be prescribed by the regulations.

(2) An employer shall retain any such record in good order and condition for at least 5 years after the last entry was made in the record.

(3) If the regulations so provide, any such record shall be kept in such manner as may be specified in the regulations.

(4) Any such record may be combined with any record of wages required to be kept by an employer by or under any other Act. However, it is not to be combined in such a manner as would prevent its disclosure under any law.

(5) The Authority may order an employer to do either or both of the following—

(a) to supply to the Authority, within the time specified in the order, a full and correct statement of the information required to be recorded by the employer under subsection (1) during a period so specified (being a period during which the record is required to be kept under this section), or

(b) to make available, at such time and at such place as is specified in the order, for inspection by a specified person authorised by the Authority, the records required to be kept by the employer under this section during a period so specified (being a period during which the record is required to be kept under this section), or

(c) to make available, at such time and at such place as is specified in the order, for inspection by a specified person authorised by the Authority, records of a specified kind in the possession of the employer that are relevant to the calculation of premiums payable under policies of insurance or to the determination of whether the employer or another employer is required to obtain a policy of insurance or has paid the correct premium for a policy of insurance.

(5A) The Authority may provide information supplied to the Authority by an employer under subsection (5) (a) to any insurer for the purpose of assisting the insurer to determine whether the correct premium has been paid under a policy of insurance issued by the insurer.