Workers Compensation Act 1951

A regulation may make provision in relation to the temporary fund, including—

the imposition of levies on insurers for the fund; and

payments from the fund.

In particular, a regulation may make provision in relation to—

levies for the fund, including their rate; and

payments to the fund, including contributions by the Territory to the fund; and

payments from the fund, including the information insurers claiming an entitlement to reimbursement from the fund must give to the fund’s manager.

However, a regulation must not impose a levy for a period that is—

for a licensed insurer—more than 10% of the premiums received by the insurer in relation to compulsory insurance policies issued by the insurer that begin during the period; and

for a licensed self-insurer—more than 10% of the estimated premium that would have been payable by the licensed self‑insurer for a compulsory insurance policy obtained by the licensed self-insurer that began at the beginning of the period.