WORKERS COMPENSATION REGULATION 2003 - REG 179 Third year of participation

This legislation has been repealed.

WORKERS COMPENSATION REGULATION 2003 - REG 179

179 Third year of participation

(1) An employer is provisionally entitled to a discount on the insurance premium payable with respect to the employer's third year of participation if the employer's PDA or sponsor verifies that the employer has passed the third verification.

Note: An employer who is participating in the Small Business Strategy has a third year of participation only if the employer is enrolled in a small business premium discount program of 3 years duration.

(2) The amount of premium discount to which the employer is provisionally entitled is to be calculated in accordance with the relevant Insurance Premiums Order. For that purpose, the "PDS level" for the third year of participation is:

(a) in the case of an employer participating in the PDS (General)--a percentage rate equal to one-third of the PDA Rating of the PDA who verifies that the employer has passed the third verification, or

(b) in the case of an employer participating in the Small Business Strategy--a percentage rate of 5%.

Note: The relevant Insurance Premiums Order may set a maximum amount of premium discount for a year of participation.

(3) An employer is to attempt to pass the fourth verification within 12 months of the commencement of the employer's third year of participation. The employer may make more than one attempt during that period.

(4) The employer's entitlement to the discount referred to in subclause (1) is confirmed if the employer's PDA or sponsor verifies that the employer has passed the fourth verification.