Premium for ascertaining appeal court—Act, s 569
12 Premium for ascertaining appeal court—Act, s 569
For section 569(2)(a) of the Act, the employer’s premium, for a financial year, is the amount calculated using the formula—
where—
rate means the rate for the employer’s industry or business specified by WorkCover by gazette notice under section 54(2) of the Act, or decided by WorkCover under section 54(3) of the Act, that applies to the financial year.
wages means—
the wages paid, or provided, by the employer for the preceding financial year; or
if the employer has been insured for only part of a financial year—a reasonable estimate of the wages that would have been paid, or provided, by the employer for the financial year.
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