Employment Premium Act, 1975

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Payment to employers of employment premiums.

4.—(1) The Scheme shall provide for the payment by the Minister to an employer to whom it applies of a sum (to be known, and in this Act referred to, as an employment premium) in respect of the person or persons to whom the Scheme applies employed by that employer.

(2) An employment premium shall be of such amount as may be specified in the Scheme, and different amounts may be so specified for different periods.

(3) Notwithstanding subsections (1) and (2) of this section, the Scheme may provide for the reduction or non-payment of an employment premium in a case where the Minister is satisfied that the employer concerned is in receipt of, or has received, moneys by way of a grant or loan from any body established by statute for the purpose of promoting, encouraging or assisting employment or industry.