VNPF and TAFEA Provincial Council sign MOU to register businesses

The Vanuatu National Provident Fund (VNPF) and TAFEA Provincial Government Council (TPGC) have agreed in a Memorandum of Understanding (MOU) to work together to register all businesses operating in TAFEA Province.

The GM of VNPF, Parmod Achary, traveled to Tanna recently to sign the MOU with the TPGC at the TAFEA Provincial Headquarter.

GM Achary said the agreement is about reinforcing compliance with employers

An employer is any business owner or company that is doing business in Vanuatu and employing people. All employers in Vanuatu are required under the VNPF Act to register with VNPF and must ensure that their employees are also registered as members of the fund.

It is a serious offence under the VNPF Act for employers not to pay employee contributions.

Both VNPF and TPGC agreed in the MOU to cooperate and exchange relevant information as part of their legal obligation in handling effective compliance.

GM Achary said the trip was an opportunity to find out the number of employers and employees in TAFEA Province before we can introduce the new social schemes.

”The way forward for us is to develop a new plan for TAFEA Province. We want to build a new office and increase the number of staff there.

”We also want to improve the existing telephone system so that we can reach out to members,” he said.

GM Achary said they also talked with farmers and locals engaged in the seasonal worker’s program to find out the possibility of including them in the informal sector scheme.

VNPF signed a similar MOU with SANMA Provincial Government Council and SHEFA Provincial Government Council before TAFEA. It is anticipated that a similar agreement with the MALAMPA Provincial Government Council (MPGC) will be signed shortly.

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