That did work but when I had run the backup previously using the following, the data was not saved in backupset. I just tried again using the syntax below and did see data saved in backupset. A bit confused now.
DECLARE @exitcode int
DECLARE @sqlerrorcode int
EXECUTE master..sqlbackup '-SQL "BACKUP DATABASES [model] TO DISK = ''\\\\MIAUTP01\\sqlbackup\\MIASQP01\\<DATABASE>\\<AUTO>.sqb'' WITH ERASEFILES = 2, MAILTO_ONERRORONLY = ''email@example.com
'', DISKRETRYINTERVAL = 30, DISKRETRYCOUNT = 10, THREADCOUNT = 3, VERIFY"', @exitcode OUT, @sqlerrorcode OUT
IF (@exitcode >= 500) OR (@sqlerrorcode <> 0)
RAISERROR ('SQL Backup failed with exit code: %d SQL error code: %d', 16, 1, @exitcode, @sqlerrorcode)