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WORKERS' COMPENSATION AND REHABILITATION REGULATION 2014 - REG 90
Payment of amount
90 Payment of amount
(1) For section 105O (3) (b) of the Act , the old insurer must pay the
agreed amount or decided amount— (a) within 3 months after the final day; or
(b) on a later day agreed to by the old insurer and WorkCover.
(2) The old
insurer must pay WorkCover— (a) the non-scheme member’s total liability
amount (the
"agreed amount" ) agreed to by the old insurer and WorkCover; or
(b) if there
is no agreement—the non-scheme member’s total liability amount (the
"decided amount" ) decided by the arbiter.
(3) The agreed amount or
decided amount paid to WorkCover must be adjusted by the actuary of the old
insurer to take into account— (a) compensation and damages payments made
between the assessment day and the final day; and
(b) claims lodged against
the non-scheme member between the assessment day and the final day.
(4) The
old insurer must advise the Regulator of the following no later than the day
the total liability amount must be paid— (a) the amount of the total
liability;
(b) the day WorkCover assumes liability;
(c) details of the old
insurer and the non-scheme member.
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