WORKERS COMPENSATION REGULATION 2003 - REG 174 Definitions

This legislation has been repealed.

WORKERS COMPENSATION REGULATION 2003 - REG 174

174 Definitions

(1) In this Division:

"first verification" means a verification to assess whether:

(a) in the case of an employer participating in the PDS (General)--the employer has met the standards, benchmarks or performance criteria set by the Authority for the first verification, or

(b) in the case of an employer participating in the Small Business Strategy--the employer has met the objectives set by the employer's sponsor for the first verification.

"first year of participation", in relation to an employer, means the premium year of the employer in which the employer attempts to pass the first verification and the second verification.

"fourth verification" means a verification to assess whether:

(a) in the case of an employer participating in the PDS (General)--the employer has met the standards, benchmarks or performance criteria set by the Authority for the fourth verification, or

(b) in the case of an employer participating in the Small Business Strategy--the employer has met the objectives set by the employer's sponsor for the fourth verification.

"premium year", in relation to an employer, means a period of insurance of up to 12 consecutive months commencing on the date of issue or renewal of a policy of insurance by the employer.

"second verification" means a verification to assess whether:

(a) in the case of an employer participating in the PDS (General)--the employer has met the standards, benchmarks or performance criteria set by the Authority for the second verification, or

(b) in the case of an employer participating in the Small Business Strategy--the employer has met the objectives set by the employer's sponsor for the second verification.

"second year of participation", in relation to an employer, means the premium year of the employer in which the employer attempts to pass the third verification.

"third verification" means a verification to assess whether:

(a) in the case of an employer participating in the PDS (General)--the employer has met the standards, benchmarks or performance criteria set by the Authority for the third verification, or

(b) in the case of an employer participating in the Small Business Strategy--the employer has met the objectives set by the employer's sponsor for the third verification.

"third year of participation", in relation to an employer, means the premium year of the employer in which the employer attempts to pass the fourth verification.

"year of participation" means the first year of participation, the second year of participation or the third year of participation.

(2) For the purposes of this Division:

(a) an employer passes a verification when the employer's PDA or sponsor issues a certificate verifying that the employer:

(i) in the case of an employer participating in the PDS (General)--has met the standards, benchmarks or performance criteria set by the Authority for that verification, or

(ii) in the case of an employer participating in the Small Business Strategy--has met the objectives set by the sponsor for that verification, and

(b) a reference to a PDA Rating, in relation to a PDA verifying that an employer has passed a verification, is a reference to the PDA Rating of the PDA at the time that it so verifies.