A Memorandum of Understanding (MOU) was signed yesterday to strengthen compliance concerning businesses operating in Shefa Province.
The General Manager (GM) of the Vanuatu National Provident Fund (VNPF), Parmod Achary, and the Secretary General of the Shefa Provincial Government Council (SPGC), Sakaria Daniel put pens to paper agreeing to improve efficiency on the mechanism of compliance and exchange of information relating to issuing of licenses.
VNPF has recently signed similar MOUs with the Labour Office, Department of Customs and Vanuatu Investment Promotion Authority (VIPA) as part of extending its coverage to other institutions.
VNPF is now looking at making major legislative changes to the VNPF Act to give more power to VNPF to take employers or companies for failing to pay employee’s contribution and also, to include workers in the informal sector.
The General Manager of VNPF, Parmod Achary, said : “It was revealed that after our MOU with Customs, taxi and bus drivers are still violating regulatory compliance.
“They were approaching Shefa Provincial Council to get clearance certificates for renewal instead of coming to us (VNPF)”.
VNPF hopes that the MOU will help to give more respect and credibility to each institutions.
The President of SPGC Sakaraia commended VNPF for its partnership and assured it will work closely with VNPF to meet the MOU requirements.
Another similar MOU will be sign between VNPF and the Maritime Regulator today (Friday).