Section 33: Employers' contribution to the Fund

(1) Every employer shall, within the first 2 years of the commencement of this Act, make a minimum monthly contribution of 1.0 per cent of the total monthly payroll into the Fund.
(2) Without prejudice to the provisions of sub-section (1) of this section, the Board shall, from time to time, make regulations prescribing-
(a) the categorization of risk factors of each class or sub-class of industry, sector or workplace and the amount of contributions to be made into the Fund; and
(b) for different assessment rates applicable to each class and sub-class of industry, sector or workplace mentioned under paragraph (a) of this sub-section.