Liability to keep accounts
163 Liability to keep accounts
For the purpose of completing returns in accordance with this Part, an employer must keep—
an accurate account of all remuneration paid or payable to the workers of the employer;
such other information as may be required by the
Corporation. Maximum penalty: $10 000.
If an employer employs workers in more than 1 class of industry, the Corporation may require the employer to keep an account and other information under subsection (1) in respect of each separate class.
Any accounts and other information required to be kept under this section must be kept within the State and in writing in the English language or so as to be readily accessible and convertible into writing in the English language.
This section does not apply so as to require the retention of accounts or other information beyond 7 years or such lesser period as the
Corporation may determine in a particular case from the end of the period to which the accounts or other information relates.
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