WORKERS' COMPENSATION AND INJURY MANAGEMENT ACT 1981 - SECT 154AB

WORKERS' COMPENSATION AND INJURY MANAGEMENT ACT 1981 - SECT 154AB

154AB .         Minister may give directions as to fixing premium rates

        (1)         The Minister may give directions in writing as to the effect that the matter described in subsection (2) is to have, while the directions remain in effect, on the fixing under section 151 of recommended premium rates.

        (2)         That matter is the extent to which the cost of paying compensation under this Act as amended by the Workers’ Compensation Reform Act 2004 in respect of claims made before section 141 of the Workers’ Compensation Reform Act 2004 commenced would differ from what it would have cost to pay compensation arising out of those claims if section 141 of the Workers’ Compensation Reform Act 2004 had not commenced.

        (3)         Effect is to be given to directions under this section.

        [Section 154AB inserted: No. 42 of 2004 s. 117.]