Ultra-Reliable Low-Latency Communication (URLLC) is challenging due to its extremely higher reliability requirement with stringent short latency packet transmission. In order to overcome this reliability and latency bound, a communication access scheme needs to assure almost error-free and high speed packet transmission. In this paper, a new multiple-access scheme-Orthogonal Frequency-Subcarrier-based Multiple Access (OFSMA)-is proposed with URLLC's high requirement adaptation. In this scheme, the packet diversity concept is incorporated to achieve the expected packet transmission reliability and a diverse number of the duplicated packet are processed with a set of operations and transmitted over randomly selected orthogonal subcarrier frequency channels. Performances of the OFSMA system are measured in terms of applying several numbers of frequency bands, a massive number of subcarrier channels, a different number of packet duplications, and a diverse rate of traffic arrival conditions. We determined the minimum number of subcarrier channels requirement to satisfy the reliability of 99.999% for different packet duplication in presence of different frequency bands. The reliability response for a fixed number of subcarrier channels is evaluated for different frequency band conditions. Finally, the air interface latency of the OFSMA system is measured for single packet uplink transmission and compared with that of a traditional OFDMA system. The performance results in terms of reliability and latency express that the OFSMA scheme can assure the expected reliability and latency defined by URLLC.