What sort of records does a hirer / owner-driver have to keep and for how long?
The owner-driver legislation requires a hirer to make and keep some records for a minimum of 6 years – because 6 years is the limit for the Tribunal. Those records are simply the details of owner-driver contracts, including names, dates, the service provided, payments and any deductions. The Code of Conduct will set out what records need to be kept. Note: This requirement will not come into effect until the Code of Conduct is in place. All businesses, including owner-driver businesses, are required to keep business records for a minimum of 5 years – this is a Taxation Office requirement.
