(1) An employer in a designated sector must pay a levy required under this Division to the industry board for that designated sector within 14 days after a return is required under section 60 .
(2) The levy must be paid in the manner prescribed by regulation.
(3) An industry board may grant an employer, or employers of a particular class, an extension to the time to pay a levy.
(4) An extension under subsection (3) may be granted on conditions specified by the industry board.