South Australian Consolidated Regulations South Australian Consolidated Regulations (1) For the purposes
of section 76AA(1)(a) of the Act, but subject to this regulation, in relation
to an employer who ceases to be registered under section 59 of the Act, the
fee to be paid by the employer will be calculated as follows:
where—
"DF" is the fee to be paid
"TEL" is the total amount of levies paid or payable with respect to the
relevant period by the employer
"TSL" is the total amount of levies paid or payable with respect to the
relevant period by all employers registered under section 59 of the Act,
as shown in the relevant audited accounts of the Corporation
"SUL" is the unfunded liability of the scheme under the Act, being the amount
by which the total consolidated liabilities of the Corporation exceed the
total consolidated assets of the Corporation, as shown in the most recently
published audited accounts of the Corporation (as at the relevant day).
(2) The Corporation
may, as it thinks fit, waive the whole or a part of any fee payable under this
regulation.
(3) In this
regulation—
"levy" is levy payable under Division 4 of Part 5 of the Act;
"relevant day", in relation to an employer, is the day on which the employer
ceases to be registered under section 59 of the Act;
"relevant period", in relation to an employer, is a period comprising the last
3 financial years for which audited accounts of the Corporation are available
(as at the relevant day).