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Policy decisions finalized at the December 13, 2000 WCB Panel of Administrators meeting
The following is a summary of the policy decisions finalized by the WCB Panel of Administrators on December 13, 2000. For information about the function and mandate of the Panel, please see Governing Structure.Methods for Calculating Assessments in the Fishing Industry
The Panel of Administrators has approved a change to the way in which the Board calculates assessments in the fishing industry. Currently the Board calculates assessments in three ways. Where commercial fishers are paid by wages and salaries, assessments are calculated on the total wages and salaries. Where fishers are paid by settlement, assessments are calculated on the gross crew share. Finally, where fishing costs are unknown, assessments are estimated on 60% of the landed value of the fish sale.
The Board will continue to allow the use of these three assessment methods. However, the Board will now standardize the treatment of fishing licence lease costs in fish settlements. Beginning in January 2001, the Board will allow 40% of the value of a fishing licence lease to be deducted as expense, and assessments paid on the remaining 60%.
In addition to the new policy on fishing licence lease costs, the Panel of Administrators approved continued consultation with the fishing industry with a view to examining the current assessment methods and recommending changes, where necessary.
For further information on this issue, please contact Meg Brighton at (604) 244-6354, or toll free within B.C. at 1-888-922-2768, local 6354 or Mike Ross (604) 232-1862.
You may also examine the complete resolution.