New South Wales Consolidated Acts
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WORKPLACE INJURY MANAGEMENT AND WORKERS COMPENSATION ACT 1998 - SECT 37
(cf 1987 s 258)
In this Division--
"Comcare employer" means an employer who--
(a) is licensed under Part VIII of
the Safety, Rehabilitation and Compensation Act 1988 of the Commonwealth
after a declaration of eligibility under that Part made on the basis that the
employer is a corporation carrying on business in competition with a
Commonwealth authority or with another corporation that was previously a
Commonwealth authority, and
(b) would otherwise be required--
(i) to obtain
and maintain in force a policy of insurance pursuant to section 155 of
the 1987 Act, or
(ii) to be licensed as a self-insurer.
"deemed insurer" means a corporation (other than a licensed insurer) that is a
party to a claims transfer agreement under Division 6 (Transfer of claims) of
Part 7 of the 1987 Act.
"deemed premium income" , in relation to the contribution payable by a
self-insurer or Comcare employer under this Division for any period during a
financial year, means the amount that the self-insurer or Comcare employer
would have been liable to pay (in such circumstances as may be prescribed by
the regulations) to a licensed insurer as premiums on policies of insurance
that would otherwise be required under the 1987 Act during that period if the
person were not a self-insurer or Comcare employer, and--
(a) includes any
amount prescribed by the regulations for the purposes of this paragraph in
relation to that financial year, and
(b) does not include any amount
prescribed by the regulations for the purposes of this paragraph in relation
to that financial year.
"financial year" , in relation to an insurer--
(a) includes the period after 4
pm on the day preceding the first day of the financial year, and
(b) does not
include the period after 4 pm on the last day of the financial year.
"insurer" means a licensed insurer or a former licensed insurer who was
previously a licensed insurer under this Act.
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