Section 38: Employer classification.

(1) For the purposes of this section, the Board may establish classes and sub-classes of industries as it deems appropriate.
(2) The Board shall assign every employer to an appropriate class or sub-class based upon the industry in which the employer operates.
(3) The Board may, by regulations-
(a) create new classes in addition to those referred to in sub-section (1) of this section;
(b) divide classes into sub-classes and divide sub-classes into further sub-classes;
(c) consolidate or rearrange any existing class and sub-class;
(d) assign an employer, independent operator or industry to one or more classes or sub-classes;
(e) withdraw from a class-
(i) an employer, independent operator or industry,
(ii) a part of the class, or
(iii) a sub-class or part of a sub-class and transfer it to another class or sub-class or form it into a separate class or sub-class; or
(f) withdraw from a sub-class-
(i) an employer, independent operator or industry
(ii) a part of the sub-class, or
(iii) another sub-class or part of another sub-class and transfer it to another class or sub-class or form it into a separate class or sub-class.
(4) If the Board exercises authority under sub-section (3) of this section, it may make the adjustment and disposition of the funds, reserves and accounts of the classes and sub-classes affected as the Board considers just and expedient.