The Department of Labour has announced that they have appointed Forensic auditors to audit companies who received TERS payouts. This is to ensure all claims and payments received were above board and correctly paid to employees.
Audits have already commenced in December 2020; employers are urged to work with the Forensic auditors and provide them with the necessary information. Non-compliance may result in legal action taken against companies.
It was established that some companies illegally benefitted from TERS payouts. It was confirmed that legal proceedings will be initiated against these companies.
You can view the original announcement here
Ensure you are prepared for these audits with our checklist here.
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