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Payment to employers of employment premiums.
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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.
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(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.
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