Automatic Enrolment Retirement Savings System Act 2024 section 120

Interpretation (Part 9)

Section 120 defines the key terms used throughout the compliance and enforcement part of the Act, including what constitutes a "record," what it means to "participate" in the auto-enrolment system, and how employer contribution obligations are to be understood.

• An "authorised officer" is a person appointed under section 121, while a "compliance notice" and a "fixed payment notice" are formal enforcement tools defined in sections 123 and 124 respectively.
• A "record" is defined very broadly to include not only written documents but also audio recordings, visual recordings, film, photographs, and any copies or transcripts derived from these formats.
• "Participating" in the automatic enrolment system covers both applying to join and continuing as a contributing participant, including by choosing not to opt out or not to suspend contributions.
• References to contributions payable by an employer encompass both the employer's own contributions and the participant contributions that the employer is responsible for deducting and remitting.