(1) Subject to this Act, every employer shall pay to the Fund in respect of each employee at the end of each contribution period, as contributions for the relevant period the several amounts for employers and employees set out in Schedule 2.
(2) Except where regulations otherwise provide, an employer liable to make deductions and to pay contributions in respect of the wages of an insured person employed by him or her is liable to pay into the Fund on behalf of such person any deductions and contributions payable in respect of such person for the relevant contribution period and for the purposes of this Act, any contributions so paid by an employer on behalf of such person are contributions paid by such person.