Payment of amount
98 Payment of amount
The old self-insurer must pay to WorkCover the amount of the non-scheme member’s total liability (the final amount)—
agreed to by the old self-insurer and WorkCover; or
if there is no agreement—decided by the arbiter under section 102(2)(b)(ii).
The old self-insurer must pay the final amount—
within 3 months after the final day; or
on or before a later day agreed to by the old self-insurer and WorkCover.
However, the final amount paid by the old self-insurer must be adjusted by the old self-insurer’s appointed actuary to take into account—
the amount of compensation and damages, if any, paid by the non-scheme member during the final period; and
claims for compensation and damages, if any, lodged against the non-scheme member during the final period.
The old self-insurer must, by written notice, tell the Regulator the following information not later than the day the final amount is paid to WorkCover—
the final amount paid, as adjusted under subsection (3);
the name and contact details of the old self-insurer and the non-scheme member.
In this section—
final period, in relation to a non-scheme member, means the period that—
starts on the assessment day; and
ends on the final day.
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