New South Wales Consolidated Regulations

INSURANCE PREMIUMS ORDER (JANUARY-JUNE) 2008 - NOTES

I, Professor Marie Bashir AC, CVO, Governor of the State of New South Wales, with the advice of the Executive Council, and on the recommendation of the WorkCover Authority, and in pursuance of the Workers Compensation Act 1987 and the regulations made under that Act, make the following Order.
Dated, this 5th day of December 2007.
By Her Excellency’s Command,
Minister Assisting the Minister for Finance

Explanatory note

Section 168 of the Workers Compensation Act 1987 provides that the Governor may, by order made on the recommendation of the WorkCover 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 under the Act is to be calculated.
The object of this Order is to fix the manner in which such a premium is to be calculated in respect of policies of insurance that are to be or have been issued or renewed so as to take effect on or after 4 pm on 31 December 2007 and before 4 pm on 30 June 2008.
The Order also specifies the interest rate that is to be used to calculate late payment fees for the late payment of insurance premiums.
This Order is made under sections 160, 168, 170 and 172 of the Workers Compensation Act 1987 and clauses 137 and 138 of the Workers Compensation Regulation 2003.

Historical notes

The following abbreviations are used in the Historical notes:

Table of amending instruments