South Australian Numbered Acts South Australian Numbered Acts142—Industry rates and base premiums
(1) The Corporation must, in relation to each class of industry, fix a rate (expressed as a percentage and to be called the "industry premium rate") that is to be applied for the purposes of determining base premiums under subsection (4).
(2) The rates under subsection (1)—
(a) must be fixed by the Corporation by notice in the Gazette; and
(b) may be varied by the Corporation by subsequent notice in the Gazette.
(3) In fixing the percentage applicable to a particular class of industry the Corporation must apply any criteria or principles specified by the regulations.
(4) A base premium under this Act, in its application to a particular industry, is determined as follows:
where
"BP" is the base premium
"remuneration" is the remuneration payable by an employer to workers employed in the particular industry
"industry premium rate" is the industry premium rate for the relevant class of industry.
Subdivision 4—Premiums (calculation and application)