Accident Compensation (Self-Insurers' Contributions) Regulations 1999

i Accident Compensation (Self-Insurers' Contributions) Regulations 1999 S.R. No. 91/1999 TABLE OF PROVISIONS Regulation Page 1. Objectives 1 2. Authorising provision 1 3. Principal Regulations 1 4. Amendment to formula 2 5. Amendment to surcharge 4 ═══════════════ NOTES 5 -- 1 of 6 -- 1 STATUTORY RULES 1999 S.R. No. 91/1999 Accident Compensation Act 1985 Accident Compensation (Self-Insurers' Contributions) Regulations 1999 The Governor in Council makes the following Regulations: Dated: 13 July 1999 Responsible Minister: ROGER M. HALLAM Minister for Finance STACEY ROBERTSON Acting Clerk of the Executive Council 1. Objectives The objectives of these Regulations are to— (a) amend the formula used to determine the amount of contributions payable by a self- insurer to the WorkCover Authority Fund; and (b) increase the surcharge for late contributions. 2. Authorising provision These Regulations are made under sections 33A and 253 of the Accident Compensation Act 1985. 3. Principal Regulations In these Regulations, the Accident Compensation Regulations 1990 1 are called the Principal Regulations. -- 2 of 6 -- S.R. No. 91/1999 Accident Compensation (Self-Insurers' Contributions) Regulations 1999 2 4. Amendment to formula For regulation 12(1) of the Principal Regulations, substitute— '(1) The amount of contributions payable by a self-insurer pursuant to section 33A of the Act, shall be determined in accordance with the following formulas— (a) for the contribution payable on 1 August 1999, the formula shall be— B C D A B C A B C × − × × ⋅ + ×                       0 4 ; (b) for the contribution payable on 1 November 1999, the formula shall be— B C D A B C A B C × − × × ⋅ + ×                       0 5 ; (c) for any contribution payable after 1 November 1999, the formula shall be— B C D A B C A B C × − × × ⋅ + ×                       0 6 . (1A) In sub-regulation (1)— "A" is the sum of the costs incurred by the Authority during the preceding quarter referred to in sections 32(4)(d) and (fa) of the Act and the costs incurred by the Authority during the preceding quarter in the administration of Division 2 of Part III of the Act; "B" is the rateable remuneration calculated as if the self-insurer were an employer liable to pay the premium for a r. 4 -- 3 of 6 -- S.R. No. 91/1999 Accident Compensation (Self-Insurers' Contributions) Regulations 1999 3 WorkCover insurance policy under the Accident Compensation (WorkCover Insurance) Act 1993 paid or payable by the self-insurer during the preceding financial year; "C" is the sum of the total rateable remuneration paid or payable by all employers liable to pay the premium for a WorkCover insurance policy under the Accident Compensation (WorkCover Insurance) Act 1993 and the total leviable remuneration calculated in accordance with B in respect of all self-insurers during the preceding financial year; "D" is the sum of— (a) the total of those costs incurred by the Authority in the preceding quarter referred to in— (i) section 32(4)(d) of the Act; and (ii) section 32(4)(e) of the Act excluding those costs— (A) directly related to the administration, operation, management and maintenance of the Authority's central computer network used by authorised agents; and (B) related to compliance audits in relation to the collection and recovery of premium payable r. 4 -- 4 of 6 -- S.R. No. 91/1999 Accident Compensation (Self-Insurers' Contributions) Regulations 1999 4 under the Accident Compensation (WorkCover Insurance) Act 1993 and levy payable under the Act; and (C) related to actuarial services provided to the Authority other than any such costs incurred under section 151 of the Act; and (iii) section 32(4)(f) of the Act; and (iv) section 32(4)(fa) of the Act; and (v) section 32(4)(i) of the Act; and (b) those costs incurred by the Authority in the preceding quarter in the administration of Division 2 of Part III of the Act; and (c) those costs incurred by the Authority in the preceding quarter directly related to meeting any liability incurred by the Authority under section 151 of the Act.'. 5. Amendment to surcharge In regulation 12(4) of the Principal Regulations, for "$50" substitute "$100". ═══════════════ r. 5 -- 5 of 6 -- S.R. No. 91/1999 Accident Compensation (Self-Insurers' Contributions) Regulations 1999 5 NOTES 1 Reg. 3: S.R. No. 49/1990. Reprint No. 2 as at 13 July 1998. Further amended by S.R. No. 8/1999. Notes -- 6 of 6 --