Queensland Consolidated Regulations

WORKERS' COMPENSATION AND REHABILITATION REGULATION 2014 - REG 53

53 Payment of amount

(1) The former self-insurer’s liability amount the former self-insurer must pay WorkCover is—

(a) the amount (the
"agreed amount" ) agreed to by WorkCover and the former self-insurer; or

(b) if there is no agreement, the amount (the
"decided amount" ) decided by the arbiter.

(2) The former self-insurer’s actuary must adjust the amount to take into account—

(a) compensation and damages payments made between the assessment day and the cancellation day; and

(b) claims lodged against the former self-insurer between the assessment day and the cancellation day.