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This enactment amends the Employment Insurance Act as follows:
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(a) the obligation for the Canada Employment Insurance
Commission to fix the premium rate with the approval of the
Governor in Council on the recommendation of the Minister of
Human Resources Development is amended and the Commission
sets the premium rate by itself; and
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(b) On September 1 of each and every year, the amounts received in
the preceding financial year by the Consolidated Revenue Fund
under the Employment Insurance Act that have not been used by the
Consolidated Revenue Fund to meet its obligations under this Act
during that financial year are credited to the Employment Insurance
Account.
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