Payment of amount
57 Payment of amount
The former self-insurer must pay to WorkCover the amount of the former self-insurer’s liability under sections 68C and 87(1) of the Act (the final amount)—
agreed to by WorkCover and the former self-insurer; or
if there is no agreement—decided by the arbiter under section 102(2)(b)(ii).
However, the final amount paid by the former self-insurer must be adjusted by the former self-insurer’s appointed actuary to take into account—
the amount of compensation and damages, if any, paid by the former self-insurer during the final period; and
claims for compensation and damages, if any, lodged against the former self-insurer during the final period.
In this section—
final period, in relation to a former self-insurer, means the period that—
starts on the assessment day; and
ends on the cancellation day.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.