## Queensland Consolidated Regulations

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###
WORKERS' COMPENSATION AND REHABILITATION REGULATION 2014 - REG 49

**Actuarial report**
#### 49 Actuarial report

(1) For each calculation of a former self-insurer’s liability amount the
appointed actuary must prepare an actuarial report under the actuarial
standard.

(2) The actuarial report must state the following— (a) the
amount;

(b) the key assumptions made for the calculation;

(c) how the key
assumptions have been derived, including— (i) the average amount of claims
for compensation against the employer; and

(ii) the average amount of claims
for damages against the employer; and

(iii) claims anticipated to have been
incurred by the employer for which no formal claim has been lodged; and

(iv)
the frequency of claims for compensation against the employer; and

(v) the
frequency of claims for damages against the employer; and

(vi) the net amount
of the claims after allowing for future inflation (

**"inflated value" **); and

(vii) the net present value of the inflated value
after allowing for income from assets set aside by the employer to pay the
amount; and

(viii) the rate of inflation used;

(d) the nature of the data
used in the calculation;

(e) the actuary’s assessment of the data,
including its accuracy;

(f) how the actuary interpreted the data;

(g) the
actuarial model used in the calculation;

(h) the results of the calculation;

(i) the actuary’s confidence in the results of the calculation.

(3) Each
appointed actuary must prepare an actuarial report within 35 days after the
cancellation day.

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