Victorian Consolidated Legislation

Accident Compensation (WorkCover Insurance) Act 1993 - SECT 20

Revised estimates of rateable remuneration

20. Revised estimates of rateable remuneration



(1) If as a result of changed circumstances an employer becomes aware that the
actual rateable remuneration paid or payable by the employer exceeds or is
likely to exceed by more than 20 per cent or such other percentage as is
prescribed the estimate of rateable remuneration previously provided by the
employer for the whole of the policy period or previously assessed under
section 24, the employer must advise the Authority of the changed
circumstances and submit a revised estimate of rateable remuneration in a form
approved by the Authority within 28 days of becoming aware of the changed
circumstances.

(2) If the actual rateable remuneration paid or payable by an employer as at
any time before the last 2 months of a policy period exceeds the estimate of
rateable remuneration previously provided by the employer for the whole of the
policy period, the employer must advise the Authority and submit a revised
estimate of rateable remuneration in a form approved by the Authority within
28 days of the actual rateable remuneration exceeding the estimate.

(3) An employer who does not comply with this section is guilty of an offence
and liable to a penalty not exceeding 20 penalty units.