Queensland Consolidated Acts

WORKERS' COMPENSATION AND REHABILITATION ACT 2003 - SECT 102

102 Assessing liability after cancellation

(1) This section applies if a licence is cancelled.

(2) WorkCover must appoint an actuary to assess the former self-insurer’s liability under sections 68C and 87 (1) .

(3) The amount of liability is the amount calculated under a regulation.

(4) The amount of liability assessed and management costs—

(a) are a debt due to WorkCover by the former self-insurer; and

(b) are payable within 20 business days after the date of assessment, or a further period allowed by WorkCover.

(5) Without limiting subsection (4) , if the former self-insurer fails to pay the debt within the period, WorkCover may recover the debt from the former self-insurer’s section 84 security.

(6) The Regulator must retain the section 84 security until it is satisfied that the former self-insurer’s liability under sections 68C and 87 (1) has been discharged or adequately provided for.

(7) In this section—

"management costs" means the reasonable costs of—

(a) administering the former self-insurer’s claims; and

(b) the actuarial assessment of liability.