Queensland Consolidated Regulations

WORKERS' COMPENSATION AND REHABILITATION REGULATION 2014 - REG 20

20 Adjusted annual levy—not agreed but decided

(1) This section applies if the Regulator and the self-insurer do not agree to an amount under section 19 and the amount (the
"decided adjusted amount" ) decided by the arbiter under section 63 (1) is not the same as the amount of the estimated claims liability used to calculate the provisional annual levy.

(2) If subsection (1) applies, the Regulator must give the self-insurer an adjusted levy notice based on the decided adjusted amount within 14 days after the Regulator or the self-insurer receives notice of the amount.

(3) If the amount of the adjusted levy is more than the provisional annual levy, the self-insurer must pay the Regulator the difference between the provisional annual levy and the amount of the annual levy actually payable by the self-insurer.

(4) If the amount of the adjusted levy is less than the provisional annual levy paid by the self-insurer, the Regulator must pay the self-insurer the difference between the actual annual levy payable and the amount paid as the provisional annual levy.