Workplace Injury Rehabilitation and Compensation Act 2013

For the purposes of clause 1(b), the fee limit for an application for approval as a self-insurer is $55 330 or that amount as varied in accordance with subclauses (2), (3) and (4) as at the date on which the application is made.

The fee limit must be varied, in respect of the financial year beginning on 1 July 2014 and each subsequent financial year, in accordance with the formula—

If the variation of the fee limit by operation of subclause (2) has the effect of reducing the amount of the fee limit—

the variation is deemed not to have taken effect, except for the purposes of the application of this subclause; and

when the fee limit is varied and increased by operation of subclause (2) in respect of the next or a subsequent financial year, that variation has effect as an increase only to the extent (if any) to which the amount of the increase exceeds the amount of the reduction in respect of a preceding financial year, or that part of such a reduction that has not been set off against a previous increase.

The amount produced by a variation of the fee limit must be calculated to the nearest whole $10.