Insurance Premiums Order (Retro-Paid Loss Premium Method) 2010–2011 (2010-266) (NSW)

Insurance Premiums Order (Retro-Paid Loss Premium Method) 2010–2011 (2010 SI 266)

Her Excellency the Governor, with the advice of the Executive Council and on the recommendation of the WorkCover Authority, has made the following Order under the Workers Compensation Act 1987.

MICHAEL DALEY, M.P.,Minister for Finance

1 Name of Order This Order is the Insurance Premiums Order (Retro-Paid Loss Premium Method) 2010–2011.

2 Commencement This Order commences at 4 pm on 30 June 2010 and is required to be published in the Gazette.

3 Interpretation (1) In this Order, words and expressions have the same meanings as they have in the General Order, unless this Order provides otherwise. (2) In this Order: adjustment date, in relation to a policy of insurance, means each of the following dates: (a) the date that is 15 months after the date of the commencement of the period of insurance (the first adjustment date), (b) the date that is 24 months after the date of the commencement of the period of insurance (the second adjustment date), (c) the date that is 36 months after the date of the commencement of the period of insurance (the third adjustment date), (d) the date that is 48 months after the date of the commencement of the period of insurance (the fourth adjustment date), (e) the date that is 60 months after the date of the commencement of the period of insurance (the fifth adjustment date). cost of claims has the same meaning as in Division 4 of Part 20 of the Workers Compensation Regulation 2003. General Order means: (a) the Insurance Premiums Order 2010–2011, or (b) if no such order has been made, the Insurance Premiums Order 2009–2010. (3) The explanatory note does not form part of this Order.