WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 55
Setting premium on change of ownership of business
WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 55
Setting premium on change of ownership of business
55 Setting premium on change of ownership of business
(1) This section applies if a person (a
"new employer" ) acquires the whole or a part of a business from an employer
(a
"former employer" ) who is currently insured under a policy with WorkCover.
(2) In calculating the premium payable by the new employer, WorkCover may have
regard to the claims experience of the business under the former employer.
(3) In deciding whether to have regard to the claims experience of the
business under a former employer, WorkCover may consider any relevant matter,
including the following—