Western Australian Numbered Acts

WORKERS COMPENSATION AND INJURY MANAGEMENT ACT 2023 (NO. 21 OF 2023) - SECT 300

300 .         Requirement for payment of CIF contributions by insurers and self-insurers

        (1)         Each licensed insurer and self-insurer must pay to WorkCover WA for crediting to the CIF —

            (a)         the required CIF contribution for a financial year calculated under this Division; or

            (b)         if a minimum required CIF contribution has been set for the financial year that is greater than the calculated contribution referred to in paragraph (a) — the minimum required CIF contribution for that year.

        (2)         In the case of a group of related self-insurers comprised of the holder of a self-insurer licence and each of the related entities of the holder to which the licence extends —

            (a)         the required CIF contribution for the self-insurers of the group must be calculated as a single contribution for the group; and

            (b)         a minimum required CIF contribution set by WorkCover WA applies to the contribution calculated for the group; and

            (c)         each self-insurer of the group is jointly and severally liable for payment of the required contribution.

        (3)         Section 262 applies to a CIF contribution in the same way as it applies to DI Fund contribution.

        (4)         Contributions paid to or recovered by WorkCover WA under this Division must be remitted to the Insurance Commission in accordance with arrangements agreed to by WorkCover WA and the Insurance Commission.