175.-Applications for registration.

(1) An application for the registration of a profit-related pay scheme under this Chapter-

    (a) shall be in such form as the Board may prescribe;
    (b) shall contain a declaration by the applicant that the scheme complies with the requirements of Schedule 8;
    (c) shall contain an undertaking by the applicant that the emoluments paid to any employee to whom the scheme relates and to whom minimum wage legislation applies will satisfy that legislation without taking account of profit-related pay12;
    (d) shall specify the profit period or periods to which the scheme relates;
    (e) shall be supported by such information as the Board may require.

(2) An application for the registration of a profit-related pay scheme under this Chapter shall be accompanied by a report by an independent accountant, in a form prescribed by the Board, to the effect that in his opinion-

    (a) the scheme complies with the requirements of Schedule 8;
    (b) the books and records maintained and proposed to be maintained by the applicant are adequate for the purpose of enabling the documents required by section 180(1) to be produced.

(3) [Repealed by 1989 Schs.4 para.10(2)(a) and 17 Pt.IV.]
(4)
In subsection (1) above "minimum wage legislation" means the provisions relating to remuneration in ...13, the Wages Councils (Northern Ireland) Order 198214, the Agricultural Wages Act 1948, the Agricultural Wages (Scotland) Act 1949 and the Agricultural Wages (Regulation) (Northern Ireland) Order 197712 15.

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12 Subs.(c) repealed by 1999 s. 46(1),(3) and Sch . 20 Pt. III (9) in relation to any application made at any time on or after 28 July 1998.

13 Words repealed by Trade Union Reform and Employments Rights Act 1993(c.19) Sch.10 (by virtue of S.I. 1993 No.1908(C.34)) into force on 30 August 1993.

14 Words repealed by S.I. 1993 No.2668 (N.I.11) Sch.8 (by virtue of S.R.1994 No.215 (C.7)) into force on 1 July 1994.

15 See 1997 s.61 and Sch.18 Pt.VI(3) and 1998 Sch.11 (transitional)-relief to be phased out: no-relief in relation to payments made by reference to profit periods beginning on or after 1 January 2000.