Queensland Consolidated Regulations

WORKERS' COMPENSATION AND REHABILITATION REGULATION 2014 - REG 17

17 Annual levy—Act, s 81(2)

(1) For section 81 (2) of the Act , the prescribed way to calculate the annual levy is using the formula—

(2) In subsection (1) —

"estimated claims liability" means estimated claims liability calculated under part 3 , division 4 stated in the most recent actuarial report agreed by the Regulator, or decided by the arbiter, under that division, before a date fixed by the Regulator by gazette notice.

"rate" means the rate published in the gazette notice under section 81 of the Act for the particular financial year.