Self-insured employers—fees
146 Self-insured employers—fees
A self‑insured employer is liable to pay a fee to the
Corporation under this section.
The fee payable by a self‑insured employer will be a percentage of the base premium that would have been payable by the employer if the employer were not registered as a self‑insured employer and liable to pay a base premium under this Part and will be fixed by the Corporation with a view to raising from self‑insured employers—
a fair contribution towards the administrative expenditure of the
Corporation; and
a fair contribution towards the cost of recovery and return to work funding; and
a fair contribution towards the costs of the system of dispute resolution established by this Act (including the costs associated with independent medical assessors); and
a fair contribution towards the costs associated with the operation of Part 8; and
a fair contribution towards actual and prospective liabilities of the Corporation arising from the insolvency of employers and the other liabilities of the Corporation as an insurer of last resort.
If the Corporation is satisfied that there are good reasons for differentiating between different self‑insured employers or classes of self‑insured employers, the percentage on which the fee for self‑insured employers is based may vary from self‑insured employer to self‑insured employer or from class to class.
If the measures taken by a self‑insured employer—
to reduce the incidence of work related traumas and injuries;
and
to provide for the recovery or return to work of workers who have suffered compensable injuries; and
to provide for the administration of claims, conform to or exceed standards determined by the Corporation for the purposes of this subsection, the Corporation may grant to the self‑insured employer such remission of the fee that would otherwise be payable by the self‑insured employer as the Corporation thinks fit.
A fee payable under this section must be paid by a date specified by the Corporation.
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