South Australian Consolidated Regulations

WORKERS REHABILITATION AND COMPENSATION (CLAIMS AND REGISTRATION) REGULATIONS 1999 - REG 12

12—Special provisions relating to self-insured employers

        (1)         The registration of an employer as a self-insured employer (or as 1 of a group of self-insured employers) is subject to the terms and conditions prescribed in Schedule 4.

        (2)         For the purposes of subsection (4) of section 50 of the Act—

            (a)         the actuarial guidelines approved by the Corporation from time to time for the purposes of the calculation of financial guarantees under clause 10 of Schedule 4; and

            (b)         the principle that a scaling factor equal to the scaling factor that applies under clause 10(2)(a) of Schedule 4 should be applied to any actuarial determination of the value of liabilities,

are prescribed for estimating and capitalising liabilities under that section.