Workers’ Compensation and Rehabilitation Regulation 2025

be prepared under the actuarial standard; and

apply a central estimate of the liability; and

apply the risk free rate of return; and

include claims administration expenses of 7% of the self-insurer’s estimated claims liability; and

not include a prudential margin; and

be based, to the extent practicable, on claims for compensation and damages made against the self-insurer; and

be based on data that is up-to-date on—

for a calculation in relation to the renewal of the self-insurer’s licence—the last day of the financial quarter immediately before the day the renewed licence starts; or

otherwise—the day immediately before the amount is calculated.