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WORKERS' COMPENSATION AND REHABILITATION REGULATION 2014 - REG 14
Cancellation of policy if workers no longer employed
14 Cancellation of policy if workers no longer employed
(1) This section applies if— (a) a person (a
"former employer" ) has notified WorkCover under section 13 (3) that the
former employer has stopped employing workers; or
(b) WorkCover is satisfied,
after making reasonable enquiries, that a person (also a
"former employer" ) has stopped employing workers.
(2) WorkCover may cancel
the former employer’s policy.
(3) WorkCover must assess the premium payable
by the former employer for the period during which the Act required the
former employer to maintain a policy.
(4) If the premium paid by the
former employer for the last employment period is— (a) greater than the
amount of premium assessed under subsection (3) —WorkCover must refund the
amount overpaid to the former employer; or
(b) less than the amount of
premium assessed under subsection (3) —the former employer must pay
WorkCover the amount of the deficit on or before the due date under a final
premium notice issued for the amount of the deficit.
(5) Nothing in this
section is taken to limit chapter 2 , part 3 , division 2 of the Act .
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