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@@ -47,3 +47,19 @@ requirements for the various pieces of legislation from these sources.
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practitioners, this means performing payroll functions according to
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federal and provincial/territorial legislative and non-governmental
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stakeholder requirements.
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The legislative requirements are termed **statutory**. This means they are
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enacted, created, or regulated by statute, a law enacted by the legislative
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branch of a government. Fines and penalties can be imposed if an organization
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is not in compliance with the legislative requirements in each jurisdiction.
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When dealing with federal and provincial/territorial government agencies,
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payroll administrator must know the many pieces of legislation that
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regulate their work and the compliance requirements associated with each.
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Payroll administrators are responsible for ensuring their organization is
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compliant with all payroll related legislation, thus eliminating the
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potential for any fines or penalties.
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In payroll, there are also compliance requirements from other non-government stakeholders,
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for example, union collective agreements or group insurance policies. Payroll administrator
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must therefore ensure the organization is compliant with all stakeholder requirements.
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