New South Wales Consolidated Acts

SPORTING INJURIES INSURANCE ACT 1978 - SECT 16

16 Determination of premiums

(1) The Committee shall, from time to time, determine premiums for each sporting organisation.

(2) The Committee 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 Committee 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 Committee considers appropriate.

(3) The Committee 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 Committee 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.