20Contribution by employer under Part 2 of Schedule 3

20 Contribution by employer under Part 2 of Schedule 3

20 Contribution by employer under Part 2 of Schedule 3

(1) An employer specified in Part 2 of Schedule 3 shall pay to the Fund an amount equal to one-half of the amount of contributions payable to the Fund by contributors employed by the employer.

(2) Contributions under subsection (1) shall be calculated on a monthly basis and the contributions payable in respect of a month shall be paid to the Board within 7 days after the last day of the month to which they relate.

(3) Where a benefit becomes payable from the Fund to, or in relation to, a contributor who, immediately before the benefit became payable, was employed by an employer specified in Part 2 of Schedule 3, the employer shall pay to the Fund, within a time determined by the Board, so much of the employer-financed benefit applicable as, in the opinion of the Board, was not provided for by way of contributions under subsection (1).

(4) An employer specified in Part 2 of Schedule 3 shall pay to the Fund such amounts referred to in section 9 (3) (c) and (d) as are from time to time determined by the Board.

s 20: Am 1985 No 178, Sch 1 (7).