(1) An industry board may make an assessment of the levy payable on the basis of estimates made by the board if:
(a) an employer fails or neglects to:
(i) provide a return to the board when required by or under this Act; or
(ii) pay a levy to the board when required by or under this Act; or
(b) the board has reasonable grounds to believe that an employer has provided a return to the board that is defective in any respect.
(2) An industry board must, as soon as is reasonably practicable after making an assessment under subsection (1), give written notice of the assessment to the employer to whom the assessment relates.
(3) An employer to whom a notice of assessment is given under this section must pay the amount of the assessment within 14 days, or within the longer period specified by the notice.
(4) The amount of an assessment under this section constitutes a levy payable under this Act.