Penalty for failure to pay contribution

(1) Any employer who contravenes the provisions of sections 36, 39, 40, 41, 42 or 43 shall be punishable with such fine and imprisonment as may be prescribed. (2) The fine shall be recovered in accordance with the provisions of the Revenue Recovery Act in force. (3) Any employer who fails to remit the contribution to the Fund within the period as may be specified by the Board shall be liable to pay such interest on the amount due as may be prescribed.