Review of amendments
27 Review of amendments
The Minister is to conduct a review of the amendments made by the 2012 amending Act to determine whether the policy objectives of those amendments remain valid and whether the terms of the Workers Compensation Acts remain appropriate for securing those objectives.
The review is to be undertaken as soon as possible after the period of 2 years from the date of assent to the 2012 amending Act.
A report on the outcome of the review is to be tabled in each House of Parliament within 12 months after the end of the period of 2 years.
However, if the Minister determines on actuarial advice that the scheme under the Workers Compensation Acts is projected to return to surplus before the end of the period of 2 years—
the review is to be undertaken as soon as possible after that projected date, and
the report of the outcome of the review is to be tabled within 12 months after that projected date.
This Act’s bill:Explanatory memorandum
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