Contribution Levy Payment Risk An ongoing risk to the Authority is that eligible employers do not register, declare service for employees or pay the required contribution levy. The Authority mitigates this risk by ensuring that its Compliance Team monitors the activity of covered industries in the Territory and liaises with employers and their representative associations to ensure that all eligible employers and employees are registered. The Authority also works cooperatively with other ACT Government organisations including Shared Services Procurement, the Office of Regulatory Services and the Building and Construction Industry Training Board. Contribution Levy Risk Under the Act, the Authority collects a levy from scheme employers to pay long service leave entitlements. The levy rate is based on advice from the Authority's actuary and is subject to approval by the responsible Minister on recommendation from the Board. Actuarial calculations to determine an appropriate levy rate take into account levy revenues, investment returns and the entitlement liability. The levy amount, together with investment returns, is designed to ensure that there are sufficient funds to pay the employee long service leave entitlements. Key Performance Indicators for 2016-17 to 2019-20 Target Target Target Target Objective Measure 201617 201718 201819 201920 Ensure the Percentage of employer registrations 97% 98% 99% 100% maximum number completed within 10 working days of of eligible receipt of a correctly completed and employers and verified application form. their employees Number of visits to employer sites or 80 90 100 100 are registered premises to ensure that all employees with the working in the covered industries are Authority. registered with the Authority. Percentage of eligible unregistered 100% 100% 100% 100% active businesses, identified through a Yellow Pages review, contacted and registered with the Authority. Annual statements made available to 100% 100% 100% 100% employees by 30 September.
Contribution Levy Payment Risk An ongoing risk to the Authority is that eligible employers do not register, declare service for employees or pay the required contribution levy. The Authority mitigates this risk by ensuring that its Compliance Team monitors the activity of covered industries in the Territory and liaises with employers and their representative associations to ensure that all eligible employers and employees are registered. The Authority also works cooperatively with other ACT Government organisations including Shared Services Procurement, the Office of Regulatory Services and the Building and Construction Industry Training Board. Contribution Levy Risk Under the Act, the Authority collects a levy from scheme employers to pay long service leave entitlements. The levy rate is based on advice from the Authority's actuary and is subject to approval by the responsible Minister on recommendation from the Board. Actuarial calculations to determine an appropriate levy rate take into account levy revenues, investment returns and the entitlement liability. The levy amount, together with investment returns, is designed to ensure that there are sufficient funds to pay the employee long service leave entitlements. Key Performance Indicators for 2016-17 to 2019-20 Objective Measure Target 201617 Target 201718 Target 201819 Target 201920 Ensure the maximum number of eligible employers and their employees are registered with the Authority. Percentage of employer registrations completed within 10 working days of receipt of a correctly completed and verified application form. 97% 98% 99% 100% Number of visits to employer sites or premises to ensure that all employees working in the covered industries are registered with the Authority. 80 90 100 100 Percentage of eligible unregistered active businesses, identified through a Yellow Pages review, contacted and registered with the Authority. 100% 100% 100% 100% Annual statements made available to employees by 30 September. 100% 100% 100% 100%