Queensland Consolidated Regulations

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WORKERS' COMPENSATION AND REHABILITATION REGULATION 2014 - REG 57

Actuarial calculation

57 Actuarial calculation

A calculation of a estimated claims 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 liability; and
(e) not include a prudential margin; and
(f) be based, as far as practicable, on the self-insurer’s claims experience; and
(g) be based on the self-insurer’s data as at—
(i) the last day of the financial quarter immediately before the anniversary of the day the renewed licence commences; or
(ii) another day fixed by the Regulator.



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