Western Australian Numbered Acts Western Australian Numbered Acts (1) WorkCover WA may,
on advice from the Insurance Commission and after determining the total annual
CIF contribution for a financial year, determine an additional CIF
contribution for the year if satisfied that the resulting additional
contributions to the CIF are necessary to enable the CIF to meet unexpected
workplace injury liabilities in the financial year.
(2) A workplace injury
liability must satisfy the following requirements to be considered an
unexpected workplace injury liability in a financial year —
(a) the
liability was not reasonably foreseeable when the determination of the total
annual CIF contribution for the financial year was made;
(b) the
liability will be incurred during the financial year;
(c) in
the opinion of the Insurance Commission the amount standing to the credit of
the CIF in respect of workplace injury liabilities will not be sufficient to
meet the liability without the additional CIF contribution.
(3) If an additional
CIF contribution is determined for a financial year, each licensed insurer and
self-insurer must pay additional contributions to WorkCover WA for crediting
to the CIF and for that purpose sections 261 and 262 apply in
respect of an additional CIF contribution in the same way as they apply in
respect of a total annual CIF contribution.
(4) More than
1 additional CIF contribution may be determined under subsection (1)
for a financial year.