New South Wales Consolidated Regulations New South Wales Consolidated RegulationsFor the purposes of the definition of "prescribed excess amount" in section 160 (1) of the Act, the following excess amount is specified:
(a) if the employer concerned notified the relevant insurance scheme agent of the injury that led to the weekly compensation claim of the worker within 5 days of the employer becoming aware of it-$0,
(b) in all other cases-the lesser of the following:(i) the amount that is the current weekly wage rate of the worker as determined by section 42 of the Act,(ii) $1,479.90.
Note: Under section 160 (2) of the Act, an employer is required to repay the "prescribed excess amount" to the insurer under a policy of insurance in respect of each weekly compensation claim that the insurer has paid under the policy. However, if the amount that the insurer has paid in respect of any such claim is less than the prescribed excess amount, the amount the employer must repay is that lesser paid amount.