are registered with receipt of a the Authority. correctly completed and verified application form. Number of visits to 70 70 N/A employer sites or premises to ensure that all employees working in the covered industries are registered with the Authority. Percentage of 100% 100% N/A eligible unregistered active businesses, identified through a Yellow Pages review, are contacted and registered with the Authority. Annual statements 100% 100% N/A made available to employees by 30 September. Ensure that Percentage of 80% 84% Majority of the employers’ employer returns employers are contribution levies and payments compliant and are collected submitted by due have submitted efficiently and date (five working their quarterly effectively. days after the end returns and made of the month payments in the following the required relevant quarter). timeframe. Ensure that Percentage of 85% 100% All of the payments to payments applications are employees, completed within expected to be contractors and 10 working days of processed in the reimbursements to receipt of a required time employers are correctly frame. made in completed and accordance with verified claim form. the Act. Ensure that long Annual net return 3.5% above Zero return for The schemes’ service leave for each each administered investment CPI averaged over administered administered scheme. performance was five years for each schemes’ funds are scheme on funds adversely impacted scheme.
are registered with the Authority. receipt of a correctly completed and verified application form. Number of visits to employer sites or premises to ensure that all employees working in the covered industries are registered with the Authority. 70 70 N/A Percentage of eligible unregistered active businesses, identified through a Yellow Pages review, are contacted and registered with the Authority. 100% 100% N/A Annual statements made available to employees by 30 September. 100% 100% N/A Ensure that employers’ contribution levies are collected efficiently and effectively. Percentage of employer returns and payments submitted by due date (five working days after the end of the month following the relevant quarter). 80% 84% Majority of the employers are compliant and have submitted their quarterly returns and made payments in the required timeframe. Ensure that payments to employees, contractors and reimbursements to employers are made in accordance with the Act. Percentage of payments completed within 10 working days of receipt of a correctly completed and verified claim form. 85% 100% All of the applications are expected to be processed in the required time frame. Ensure that long service leave administered schemes’ funds are Annual net return for each administered scheme on funds 3.5% above CPI averaged over five years for each scheme. Zero return for each administered scheme. The schemes’ investment performance was adversely impacted