Victorian Numbered Acts

WORKPLACE INJURY REHABILITATION AND COMPENSATION ACT 2013 (NO. 67 OF 2013) - SECT 460

In this Division—

"default penalty "means an amount payable in accordance with, and set out in, a notice of penalty given under section 444, 452, 455 or  457;

"estimated future claim cost" means an estimate specified in a claims statement made available to an employer, against which one or more claims have been made within a relevant claims reporting period as determined in accordance with the relevant premiums order, of the future cost of claims of the employer;

"late payment penalty", in relation to an amount of premium unpaid or the whole or a part of an amount payable in accordance with a notice of penalty and unpaid, means interest at the rate from time to time applying under section 25 of the Taxation Administration Act 1997 , with interest compounding monthly, calculated on a daily basis from the end of the 28th day after the date of the relevant notice given under section 449 or  451 or notice of penalty given under section 444, 452, 455 or 457;

"premium" means an amount specified in a notice of premium, or of adjusted premium, given under this Part and paid or payable, or purportedly paid or payable, as premium;

"reviewable amount" means—

        (a)     premium; or

        (b)     default penalty; or

        (c)     late payment penalty; or

        (d)     estimated future claim cost.