Western Australian Numbered Acts

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WORKERS COMPENSATION AND INJURY MANAGEMENT ACT 2023 (NO. 21 OF 2023) - SECT 302

302 .         Additional insurer contribution for unexpected liabilities

        (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.



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