22Contribution rates and times

22 Contribution rates and times

22 Contribution rates and times

(1) An employer shall pay to the Fund in accordance with subsection (2) an amount equal to one-half of the amount of the contributions payable to the Fund by contributors employed by the employer.

(2) The times at which contributions under subsection (1) are payable, and the basis on which the amount of each contribution is to be calculated, shall be as decided by the Board.

(3) Where a benefit becomes payable to, or in relation to, a contributor, the employer or employers, as the case may be, who employed the contributor between entry date and exit date shall pay to the Fund within a time notified by the Board so much of the employer-financed benefit payable as, in the opinion of the Board, is not provided for by way of contributions under subsection (1), the amount payable by each employer where there was more than one employer being calculated as prescribed.

(4) (Repealed)

s 22: Am 1985 No 154, Sch 1 (11).