Tap calls on employers to keep vital papers at hand

EMPLOYERS were urged by Tap (Employees Trust Fund) to provide documentations on their businesses to ensure they are complying with the laws under TAP Act.

Tap's compliance department assistant manager, Omar Arsad stressed this during the agency's bi-monthly inspections on industrial and commercial premises in the capital. "We sometimes have trouble in getting the documents because some them are kept at homes and there were no employers available at the business premise,"said Omar.

He added that the documents were important to make comparison between the information provided by employees and employers.

Moreover, the difficulty in obtaining accurate and up-to-date information becomes more arduous as some companies would transfer to another area without informing Tap on it's current developments. "It is an ongoing process," said Omar.

About 13 Tap officials inspected five building in the Gadong area yesterday.

During the inspection, the officers took the opportunity to promote better understanding on the responsibilities of the employers and employees.

Tap's main function and responsibilities are to receive members' monthly contributions, to invest and save them until a certain period of time when the members are entitled to withdraw their contribution subject to Section 17 of the Tap Act Chapter 167.

Under Section 17 of the Tabung Amanah Pekerja Act Chapter 167, failure to register with the nation's pension fund will result in legal action. The offence carries a fine of $3,000 for first offence and $10,000 for subsequent offences.

The operations has been conducted since March last year. .

This is the eighth inspection which Tap have conducted this year, which took them toareas in Menglait and more recently at Gadong Properties.

The Brunei Times