New South Wales Consolidated Acts

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WORKERS COMPENSATION ACT 1987 - SECT 169

Premiums to be calculated in accordance with insurance premiums order

169 Premiums to be calculated in accordance with insurance premiums order

(cf former s 30AC)

(1) The premium payable by an employer (or a person who proposes to become an employer) for a policy of insurance to which an insurance premiums order applies shall be calculated in the manner fixed by the order.
(2) An insurer breaches an insurance premiums order if the insurer demands or receives:
(a) for the issue of a policy of insurance to which the order applies, or
(b) for the renewal of any such policy,
an amount which is, or amounts the sum of which is, different from a premium which is payable in accordance with subsection (1) by the employer (or the person who proposes to become an employer) to whom the policy relates.
(3) An insurer who wilfully breaches an insurance premiums order is guilty of an offence and liable to a penalty not exceeding 1,000 penalty units.



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