Effective September 7, 1999, the Panel approved changes to the penalty and interest provisions that apply when employers fail to provide their assessment payments or payroll information to the Board. The penalty rate under section 38(2), for failing to provide payroll information, was set at 8%; the penalty rate under section 40(2), for failure to make a return on the required form and remit the assessment payment, was increased to 8% but will be calculated on a reduced amount; the penalty rates under section 47(1) were set at 8% for failure to pay on time and 1% per month on outstanding (overdue) amounts, and the Vice President was given the authority to change the monthly rate to reflect changes in the Bank of Canada prime rate; the interest rate under section 49(1), for paying less than what is due, was decreased to 8%; the maximum penalty under section 40(2) of $1500 was eliminated; and the committee established under section 47(2) was given the authority to reconsider its own decisions where there is significant new evidence or a clear mistake of evidence, law or policy in their previous decision.