307. Where an employer fails to transmit the statement contemplated in section 292 within the prescribed time, the Commission shall evaluate the wages earned by the workers of the employer to be not more than 200% of those declared in his last statement to the Commission, and the wage bill that he should have estimated to be not more than 250% of that in the last statement.
The Commission may also, where it considers it appropriate, evaluate the wages earned by his workers and the wage bill he should have estimated to be not more than the result obtained by multiplying the number of workers the Commission knows he has by the Maximum Yearly Insurable Earnings established under section 66.
If the employer subsequently transmits the required statement, the Commission shall adjust the amount of the wages and fix the corresponding assessment, but the employer remains liable to pay the penalty and the interest resulting from the delay.
1985, c. 6, s. 307; 1993, c. 5, s. 9; 1996, c. 70, s. 21.