Victorian Current Acts

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WORKPLACE INJURY REHABILITATION AND COMPENSATION ACT 2013 - SECT 417

Annual assessment of tail claims liabilities

    (1)     The Authority must ensure that an actuary appointed by the Authority undertakes an assessment of the tail claims liabilities as at the end of each year during the liability period.

Note

Section 44(6)(c) of the Interpretation of Legislation Act 1984 provides that a reference, without qualification, to a year shall be construed as a reference to a period of 12 months.

    (2)     The non-WorkCover employer must pay the cost of conducting the assessment.

    (3)     The actuary must provide the non-WorkCover employer with a copy of the proposed assessment.

    (4)     The non-WorkCover employer may provide comments to the actuary within 28 days of receiving a copy of the proposed assessment or within any further period as may be agreed between the Authority and the non-WorkCover employer.

    (5)     The actuary must finalise the assessment after considering any comments received under subsection (4).



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