Compliance monitoring? What is the employers responsibility?

Compliance monitoring: Understanding the employers responsibility when considering the monitoring of employees' compliance with the scheme's requirements.

Workride’s scheme operates under a principle that enables employees to benefit from equipment for commuting purposes, with an understanding that the primary use of this equipment is for transport to and from work.

While the scheme allows for some incidental personal use, it is incumbent upon employees to ensure their usage predominantly aligns with commuting. 

This structure is supported by a trust-based and obligation-driven framework, affirmed by a binding ruling from Inland Revenue. It's important to note that there is no requirement from Inland Revenue for employers to conduct periodic monitoring of compliance with these stipulations.

The responsibility lies with the individual participants to fulfil their contractual obligations, underpinning the scheme’s integrity with their adherence.

• Related Articles

• Cost, cash flow impact, and uptake expectations?

  Cost, cash flow impact, and uptake: Understanding how Workride may impact a businesses cash flow, based on team size and expected uptake. Workride operates without a sign-up or operating fee and is cost neutral across a 12-month period for every ride ...

• Tax and legal: GST, Fringe Benefit Tax, and the Consumer Guarantee Act.

  Tax and legal: Considerations of how the Workride arrangement allows for GST, Fringe Benefit Tax, and consumer rights under the Consumer Guarantee Act. The NZ government is helping businesses support a shift to healthier transport modes by removing ...

• Administrative complexity: Effort required from payroll, tax, accounting, and HR teams?

  Administrative complexity: Concerns about the effort required from payroll, tax, accounting, and HR teams to implement and manage the scheme. Implementing an internal benefits scheme, such as Workride, understandably requires initial effort from your ...

• Explain the process of an Employee early termination

  Employee early termination: Explain the process that an employer follows if an Employees’ employment is terminated prior to the end of lease and salary sacrifice periods. Workride provides the following as a default process to follow in the event of ...