(2) The Authority shall, under subsection (1),
determine premiums for a sporting organisation which to it seem equitable,
taking into account:
(a) the nature of the organisation's authorised
activities or authorised activity in relation to which each of the premiums is
being determined,
(b) the period with respect to which each of the premiums
will be required to be paid,
(c) any adjustment which it considers should be
made by reason of:
(i) the amounts of the previous premiums, if any, paid by
the organisation, and
(ii) any amount that has been paid pursuant to, or that
is, or in the opinion of the Authority will be, required to be paid by, an
adjustment notice served on the organisation under section 18A (2), and
(d)
such other criteria as the Authority considers appropriate.
(2A) Any
determination with respect to premiums for payment to the Sporting Injuries
Fund has no effect unless it is approved by the State Insurance Regulatory
Authority.
(3) The Authority may determine a uniform amount to be paid in
respect of every person it estimates will participate as a
registered participant in the authorised activities of a sporting organisation
during a particular period and determine the premium for the
sporting organisation in respect of that period as the total of the amounts to
be paid by all of those persons or calculate the premium in any other manner
it considers appropriate.
(4) Notwithstanding subsections (2) and (3), the
Authority shall, when discharging its duty under subsection (1), so determine
premiums that those premiums and the income of the Fund are sufficient to meet
the liabilities that are or may be required to be met from time to time by the
Fund.
