Section 172 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Work Account levy not payable on earnings of employee over specified maximum

172 Work Account levy not payable on earnings of employee over specified maximum (1) Except as provided in subsection (2) , nothing in this Act requires an employer to pay a Work Account levy on earnings of an employee that exceed the specified maximum. (2) If a person's earnings as an employee for a tax year are paid by 2 or more employers, and the total of those earnings exceeds the specified maximum,— (a) each employer must pay a Work Account levy on all earnings paid by the employer up to the specified maximum; but (b) each employer may apply in writing to the Corporation for a pro rata refund of the excess levy paid, to be calculated according to the following formula: where—

a is the total earnings on which the levy is paid by the employer in respect of that employee b is the total earnings on which the levy is paid by all employers in respect of that employee c is the total excess levy paid by all employers in respect of that employee. (3) An employer is not entitled to a refund under subsection (2)(b) after the expiry of a period of 4 years beginning from the close of the tax year in respect of which the relevant Work Account levy was payable. Compare: SR 1999/196 r 6J The heading to section 172 was amended, as from 1 April 2007, by section 13(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8) by substituting “ Work Account levy ” for “ Employer levy ” . See sections 14 to 16 of that Act for the transitional provisions. The heading to section 172 was amended, as from 1 April 2007, by section 13(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8) by inserting “ of employee ” after “ earnings ” . See sections 14 to 16 of that Act for the transitional provisions. Subsection (1) was amended, as from 1 April 2007, by section 13(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8) by substituting “ a Work Account levy ” for “ an employer levy ” . See sections 14 to 16 of that Act for the transitional provisions. Subsection (2) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting “ a tax year ” for “ an income year ” . Subsection (2)(a) was amended, as from 1 April 2007, by section 13(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8) by substituting “ a Work Account levy ” for “ an employer levy ” . See sections 14 to 16 of that Act for the transitional provisions. Subsection (2)(b) was substituted, as from 1 July 2005, by section 32 Injury Prevention, Rehabilitation, and Compensation Amendment Act (No 2) 2005 (2005 No 45). Subsection (3) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting “ tax year ” for “ income year ” . Subsection (3) was amended, as from 1 April 2007, by section 13(1) Injury Prevention, Rehabilitation, and Compensation Amendment Act 2007 (2007 No 8) by substituting “ Work Account levy ” for “ employer levy ” . See sections 14 to 16 of that Act for the transitional provisions.