Schedule 1
CurrentAdditional premium
Schedule 1 Additional premium
section 8
| Day declaration of wages is given | Additional premium |
|---|---|
| on or after 1 September and not later than 31 October in 1 calendar year | the greater of— (a) 5% of assessed premium for the period of insurance to which the declaration relates; or (b) $5 |
| on or after 1 November and not later than 30 November in 1 calendar year | the greater of— (a) 10% of assessed premium for the period of insurance to which the declaration relates; or (b) $10 |
| on or after 1 December and not later than 31 December in 1 calendar year | the greater of— (a) 15% of assessed premium for the period of insurance to which the declaration relates; or (b) $15 |
| on or after 1 January in the next calendar year | the greater of— (a) 20% of assessed premium for the period of insurance to which the declaration relates; or (b) $20 |
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