Queensland Numbered Acts

WORKERS' COMPENSATION AND REHABILITATION (NATIONAL INJURY INSURANCE SCHEME) AMENDMENT ACT 2016 - SECT 11

11 Replacement of s 107 (Meaning of QOTE)

Section 107—
omit, insert—

107 Meaning of QOTE

(1)
"QOTE" , for a financial year, is—

(a) the amount of Queensland full-time adult persons ordinary time earnings declared by the Australian Statistician in the original series of the statistician’s average weekly earnings publication most recently published before the start of the financial year; or

(b) if the amount mentioned in paragraph (a) is less than QOTE for the previous financial year—the amount that is QOTE for the previous financial year.

(2) The Regulator must, before the start of a financial year, notify—

(a) QOTE for the financial year; and

(b) the percentage difference in QOTE for the financial year compared to QOTE for the previous financial year.

(3) The Regulator’s notice is subordinate legislation.