Victorian Consolidated Legislation

Accident Compensation Act 1985 - SECT 33A

Contributions to the WorkCover Authority Fund

33A. Contributions to the WorkCover Authority Fund





(1) The Authority may, in accordance with the regulations, determine the
amount of contributions payable into the WorkCover Authority Fund having
regard to the amount of leviable remuneration or rateable remuneration within
the meaning of section 3(1) of the
Accident Compensation (WorkCover Insurance) Act 1993 paid or payable during
the financial year and preceding financial year in respect of that year and
preceding year or any quarter of that year or preceding year by each
self-insurer calculated as if the self-insurer were an employer liable to pay
the premium and, if the self-insurer is a holding company, as if the
self-insurer and each of its subsidiaries were an employer liable to pay the
premium.





(2) The contribution by each self-insurer-

   (a)  is payable on 1 August, 1 November, 1 February and 1 May in each year;
        and



   (b)  must be paid within 14 days of the due date.

(3) If the contribution is not paid by the due date, the amount of the
contribution together with interest at the prescribed rate and the prescribed
surcharge may be recovered by the Authority as a civil debt recoverable
summarily.

(4) Each self-insurer must submit a return in the prescribed form and at the
prescribed intervals to enable the Authority to determine the amount of
contributions payable.

(5) A self-insurer who fails to submit a return as required under subsection
(4) within the prescribed period is guilty of an offence against this Act and
liable to a penalty of not more than 1 penalty unit for each day during which
the default continues.

(6) A self-insurer who submits a return which contains any false material
particulars is guilty of an offence.

Penalty applying to this subsection: 10 penalty units.

(7) Contributions under this section must be applied towards the costs
referred to in section 32(4)(d), (e), (f), (fa), or (i) or the costs incurred
by the Authority in the administration of Division 2 of Part III or in meeting
any liability incurred under section 151.