New South Wales Consolidated Acts New South Wales Consolidated Acts(cf former s 30AB)
(1) The Governor may, by an order made on the recommendation of the Authority and published in the Gazette, fix the manner in which the premium payable by an employer (or a person who proposes to become an employer) for a policy of insurance shall be calculated, whether by reference only to annual rates or otherwise.Note: For orders under this subsection see the Historical notes at the end of this Act.
(2) An insurance premiums order shall:(a) take effect on and from the date of its publication in the Gazette or a later date specified in the order, and(b) apply to and in respect of policies of insurance which are to be or have been issued or renewed so as to take effect while the order is in force.
(3) An insurance premiums order may:(a) apply generally or be limited in its application by reference to specified exceptions or factors,(b) apply differently according to different factors of a specified kind, or(c) authorise any matter or thing to be from time to time determined, applied or regulated by any specified person or body,or may do any combination of those things.
(3A) Without limiting the generality of subsection (3), an insurance premiums order may provide for the payment of increased premiums by employers who (under any specified or class of contract of employment, industrial agreement, award or other arrangement) are or may become liable to make payments to workers or their dependants in respect of injuries or deaths (including payments as a supplement or an alternative to the periodic or lump sum payments of compensation under this Act).
(4) The following policies of insurance are exempt from insurance premiums orders:(c) policies of insurance of any class exempted by the regulations from orders under this section.