Seksyen 7
of Akta 272
Seksyen 7
Subject to the provisions 6f section 16 of this
Ordinance, every employee and every employer of a person who is an employee within the meaning of this
Ordinance shall be liable to pay monthly contributions at the rate respectively set out in the Second Schedule to this Ordinance : \
Provided that the Board may, at ‘its discretion and on such terms and conditions as! it may impose, authorise an employer, or a class or classes of employers, to pay such contributions at intervals of three months. :
(2)
Without prejudice to the provisions of sub-section (1) of this section, an employer and an employee may, at any time, by mutual agreement, elect each to pay equal monthly contributions at a rate which exceeds the rate respectively set out in the Second
Schedule to this Ordinance by one dollar or a multiple of one dollar.
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(3)
Notice of such ele¢tion shall be given to the
Board in such manner and form as may be prescribed by the Board and where anly such notice has been given the provisions of this Ordinance shall, in respect of the employer and employee who have elected as afore-said, apply as if the rat eof contribution which such employer and employee haye elected to pay, were the rate respectively set out in the Second Schedule to this Ordinance.