A-3.001, r. 7 - Regulation respecting financing

Section 205 Disposition versions

2012-09-01

205. Where such a transaction took place and where none of the predecessors applied to qualify for retrospective adjustment of its assessment under section 88 for the year in which the transaction took place and where all the predecessors that qualified for the adjustment for that year applied for the re-determination of their qualification pursuant to section 89, the successor qualifies for retrospective adjustment of its assessment, and the qualification is re-determined pursuant to section 89. In such a case, the Commission takes into account the insurable wages paid to the successor’s workers as well as the wages paid to all the workers of the predecessors that qualified for retrospective adjustment of their assessments for that year, declared for the assessment year in which the transaction took place in respect of the unit in which the predecessors are classified for that year. The unit rates according to risk for the units are used in respect of those wages for the purpose of performing the calculation in paragraph 1 of section 88.

This section does not apply where none of the predecessors qualifies for retrospective adjustment of their assessments pursuant to section 87 for the year in which the transaction took place.

Decision 2010-11-18, s. 205.