Territory Stories

NT Build annual report 2008-2009

Details:

Title

NT Build annual report 2008-2009

Collection

NT Build reports; Reports; PublicationNT

Date

2009

Description

Made available via the Publications (Legal Deposit) Act 2004 (NT).

Notes

Date:2009; Inlcudes NT Build : year four at a glance 2008-2009

Language

English

Subject

Northern Territory. Office of the Commissioner for Public Employment. NT Build. -- Periodicals; Long service leave -- Northern Territory -- Periodicals; Construction industry -- Northern Territory -- Periodicals; Construction industry -- Northern Territory -- Employees -- Periodicals

Publisher name

NT Build

Place of publication

Darwin

Copyright owner

Check within Publication or with content Publisher.

Parent handle

https://hdl.handle.net/10070/248783

Citation address

https://hdl.handle.net/10070/569736

Page content

Annual Report 2008 - 200920 These factors include: as a relatively new scheme, the limited extent of established historical data available to enable an accurate assessment of the schemes liability; work exempt from payment of the levy; expenses estimated in administering the scheme; level of worker registrations and service turnover; and Notwithstanding the above, the schemes consulting actuary Cumpston Sarjeant Pty Ltd million be adopted for accounting purposes as at 30 June 2009, an increase of $6 million from the million provision has been disclosed on the balance sheet As required by the , the Minister for Public Employment requested an extensive actuarial review of the scheme be undertaken the actuarys advice was also sought on options for adopting a variable threshold levy rate The Actuarys report on his review of the scheme was completed and submitted to the Treasurer requested the actuary provide additional advice, based on revised estimates of NT construction industry employees and updated assumptions of relevant economic indicators, Both the original report and the supplementary report were tabled in the Northern Territory Actuarial advice