Review of annual premium

(1) At any time after the expiration of 3 years from the effective date, the Board may increase, the rate of the annual premium (percentage of the average insurable deposits) for the purpose of achieving the target size of the Fund under section 19 (2) The Board may at any time reduce the rate of the annual premium if the Fund has reached the minimum target size. (3) An increase or decrease of the rate of annual premium shall come into force by an Order to amend Schedule II made by the Minister, on the advice of the Corporation, and published in the Gazette. Schedule II.