Annual assessment of employer
54(1)The Commission shall every year assess and levy upon and collect from the employers in each class, by an assessment rated upon the payroll, or otherwise as the Commission may deem proper
(a)
sufficient funds to meet all claims for compensation incurred during that year;
(b)
the estimated cost of those claims in paragraph (
a) payable during subsequent years; and
(c)
such sum as the Commission considers appropriate for the administrative expenses of the Commission.
Assessment respecting deficit
54(1.1)Notwithstanding subsection (1), in the event the Commission incurs a deficit in any fiscal year, the Commission shall take such steps as are necessary to assess, levy and collect within five years of the deficit having been incurred, sufficient funds to fund the deficit which was incurred.
Assessment of contractor and sub-contractor
54(2)Where an employer is a contractor and sublets the whole or part of the work to a subcontractor, the Commission, if it deems proper, may determine the percentage of assessment of each such employer on the price agreed upon for the work done by him, instead of upon his payroll.
R.S., c.255, s.49; 1994, c.70, s.12