Section 174 — Injury Prevention, Rehabilitation, and Compensation Act 2001: Employer to notify increase or decrease of relevant employee earnings

174 Employer to notify increase or decrease of relevant employee earnings (1) Subsection (2) applies if an employer, during a tax year, reasonably believes that there will be an increase or decrease in the relevant employee earnings for that tax year from the relevant employee earnings for the immediately preceding tax year. (2) When this subsection applies,— (a) if the increase or decrease is 20% or more, the employer must notify the Corporation of the employer's estimate of the relevant employee earnings for that tax year; and (b) in any other case, the employer may notify the Corporation of that estimate. (3) The Corporation may require an employer to provide further information to support the employer's estimate. (4) As soon as practicable after receiving the earnings figures necessary for the Corporation to recalculate the levy, the Corporation must recalculate the levy and notify the employer of the recalculated levy. Compare: SR 1999/196 r 6G Subsection (1) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ a tax year ” for the words “ an income year ” . Subsection (1) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ tax year ” for the words “ income year ” in all places in which they appear. Subsection (2) was amended, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35) by substituting the words “ tax year ” for the words “ income year ” .