Queensland Consolidated Regulations

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WORKERS' COMPENSATION AND REHABILITATION REGULATION 2014 - REG 38

Actuarial calculation

38 Actuarial calculation

A calculation of the total liability amount must—

(a) be prepared under the actuarial standard; and
(b) apply a central estimate of the liability; and
(c) apply the risk free rate of return; and
(d) include claims administration expenses of 7% of the outstanding liability; and
(e) not include a prudential margin; and
(f) be based, as far as practicable, on the claims experience of the employer or member of a group employer that is the subject of the transfer of liability; and
(g) be based on data as at the assessment day.



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