New South Wales Consolidated Acts

WORKPLACE INJURY MANAGEMENT AND WORKERS COMPENSATION ACT 1998 - SECT 38

38 Assessment by Authority of amount to be contributed to Fund

(cf 1987 s 260)
The Authority is required, as soon as practicable in respect of each financial year--

(a) to make an estimate of the total of the amounts already paid and the amounts to be paid from the Workers Compensation Operational Fund during that financial year, and

(b) to determine what amounts, if any, are to be set aside as provision to meet expenditure from the Fund in future years, and specify for what purpose each such provision is being made, and

(c) to make an estimate of the total amounts (including the amounts already received) to be received into the Fund during that financial year otherwise than by way of contributions in respect of that financial year from insurers, deemed insurers and Comcare employers under this Division, and

(c1) to make an estimate of the amount required to be contributed to the Fund from the Insurance Fund during that financial year, and

(d) to determine the total amount to be contributed to the Fund in respect of that financial year by insurers, deemed insurers and Comcare employers under this Division after having regard to--

(i) the amounts standing to the credit of the Fund at the beginning of the year, including any amounts set aside in earlier years as provisions to meet expenditure in later years, and

(ii) the amounts estimated under paragraph (c) to be received into the Fund during the year, and

(iii) the amounts to be contributed to the Fund from the Insurance Fund during the year, and

(e) to specify in writing the estimates, provisions and amounts to be contributed to the Fund by insurers, deemed insurers and Comcare employers.