Insurance Premiums Order (January-June) 2006 Amendment (Mine Safety Cost Recovery) Order 2006 (NSW)

2006 No 249

New South Wales

Insurance Premiums Order

(January–June) 2006 Amendment
(Mine Safety Cost Recovery) Order

2006

under the

Workers Compensation Act 1987

JAMES JACOB SPIGELMAN, Lieutenant-Governor I, the Honourable James Jacob Spigelman AC, Lieutenant-Governor of the State of New South Wales, with the advice of the Executive Council, and on the recommendation of the WorkCover Authority, and in pursuance of section 168 of the Workers Compensation Act 1987, make the following Order.

Dated, this 17th day of May 2006.

By His Excellency’s Command,

JOHN DELLA BOSCA, M.L.C.,

Minister for Commerce

Explanatory note
Under the Mine Safety (Cost Recovery) Act 2005, certain mining industry workers compensation insurers are required to make contributions to the Mine Safety Fund administered by the Director-General of the Department of Primary Industries. Section 10 (5) of that Act provides that such an insurer may, subject to and in accordance with any relevant insurance premiums order, adjust the premium payable in respect of a workers compensation insurance policy issued to a mining industry employer so as to include an amount equivalent to such part of the contributions payable by the insurer as relates to that employer and that policy.
The object of this Order is to amend the Insurance Premiums Order (January–June) 2006 to enable such adjustments of mining industry employers’ insurance premiums to take place in relation to policies that are to be or have been issued or renewed so as to take effect on or after 4 pm on 31 December 2005 and before 4 pm on 30 June 2006.
This Order also makes an amendment to a ICCR Rate (Industry Claims Cost Rate) in Table B
to the Insurance Premiums Order (January–June) 2006.

This Order is made under section 168 of the Workers Compensation Act 1987.

Published in Gazette No 66 of 19 May 2006, page 3102	Page 1
2006 No 249	Insurance Premiums Order (January–June) 2006 Amendment (Mine Safety
Clause 1	Cost Recovery) Order 2006

Insurance Premiums Order (January–June) 2006

Amendment (Mine Safety Cost Recovery) Order 2006

under the

Workers Compensation Act 1987

1      Name of Order

This Order is the Insurance Premiums Order (January–June) 2006
Amendment (Mine Safety Cost Recovery) Order 2006.

2 Amendment of Insurance Premiums Order (January–June) 2006

The Insurance Premiums Order (January–June) 2006 is amended as set out in Schedule 1.

Insurance Premiums Order (January–June) 2006 Amendment (Mine Safety	2006 No 249
Cost Recovery) Order 2006
Amendments	Schedule 1
Schedule 1	Amendments

(Clause 2)

[1]      Clause 6

Insert after clause 5:

6      Mine Safety Fund Premium Adjustment

(1)  Despite any other provision of this Order, if an employer carries on a business that is covered by any of the classes appearing in Division B of Table A to this Order (that is, classes 120000 to 152000), the premium payable by the employer for the policy of insurance is to be adjusted by the addition of an amount calculated in accordance with the following formula:

MSF Amount = Wages x Mine Safety Levy Rate
where:
MSF Amount is the additional amount of premium required to be
paid by an employer under this clause.
Wages means a part of the total wages payable to workers by the
employer in respect of the period of insurance for which the
premium is to be calculated, being the part of the total wages
attributable to a class appearing in Division B of Table A
applicable to the employer.

Mine Safety Levy Rate means 0.462%.

(2) For the purposes of subclause (1), the calculation of the MSF amount for an employer is to be made using the reasonable estimate of the wages payable by the employer in the notice supplied to the insurer in accordance with clause 130 (1) of the Workers Compensation Regulation 2003.

[2]      Table B Industry Claims Cost Rates1

Omit “2.39%” from Column 3 where appearing opposite “786620” and “Cleaning Services: Government Contractors” in Columns 1 and 2, respectively.

Insert instead “3.38%”.

BY AUTHORITY