{"id":"nsw:sl-2014-0311","name":"Insurance Premiums Order 2014–2015","slug":"insurance-premiums-order-2014-2015","collection":"regulation","jurisdiction":"nsw","status":"in_force","isInForce":true,"actNumber":"311 of 2014","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":177820,"registerId":"nsw-nsw:sl-2014-0311-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Name of Order","content":"#### 1 Name of Order\n\n1 Name of Order\n\n> This Order is the [Insurance Premiums Order 2014–2015](/view/html/inforce/current/sl-2014-0311).","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Commencement","content":"#### 2 Commencement\n\n2 Commencement\n\n> This Order commences at 4 pm on 30 June 2014 and must be published in the Gazette.","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"Calculation of insurance premium payable by employer","content":"#### 3 Calculation of insurance premium payable by employer\n\n3 Calculation of insurance premium payable by employer\n\n> > (1) The premium payable by an employer for a policy of insurance is to be calculated by requiring the premium to be calculated for a period of insurance of not more than 12 months and:\n> > \n> > > (a) if the employer is a medium or large employer for the purposes of the policy, in accordance with the following formula:\n> > > \n> > > ![](/image/((Type%3D%22subordleg%22)%20AND%20(No%3D0311)%20AND%20(Year%3D2014)%20AND%20(%22Historical%20Document%22%3D0))/g1.gif)\n> > \n> > > (b) if the employer is a small employer for the purposes of the policy, in accordance with the following formula:\n> > > \n> > > ![](/image/((Type%3D%22subordleg%22)%20AND%20(No%3D0311)%20AND%20(Year%3D2014)%20AND%20(%22Historical%20Document%22%3D0))/g2.gif)\n> > \n> > where:\n> > \n> > P is the premium for the time being payable by the employer in respect of the period of insurance to which the policy relates, being:\n> > \n> > > (a) except as provided by paragraph (b), the initial premium so payable in accordance with this Order, or\n> > \n> > > (b) where adjustments are required to be made to that premium by reason of the operation of this Order, the premium so payable by reason of those adjustments.\n> > \n> > T is the basic tariff premium for the employer, calculated with respect to the period of insurance in accordance with Schedule 3.\n> > \n> > S is the experience adjustment factor for the employer determined with respect to the period of insurance in accordance with Schedule 4.\n> > \n> > E is the experience premium, if any, for the employer determined with respect to the period of insurance in accordance with Schedule 5.\n> > \n> > Q is the premiums adjustment contribution, if any, for the employer.\n> > \n> > D is the dust diseases contribution, if any, for the employer calculated with respect to the period of insurance in accordance with Schedule 11.\n> > \n> > I is the input tax credit adjustment, if any, for the employer determined with respect to the period of insurance in accordance with Schedule 8.\n> > \n> > M is the Mine Safety Fund premium adjustment, if any, for the employer calculated with respect to the period of insurance in accordance with Schedule 9.\n> > \n> > A is the apprentice incentive amount, if any, for the employer determined with respect to the period of insurance in accordance with Schedule 10.\n> > \n> > ESI is the employer safety incentive, if any, for the employer calculated with respect to the period of insurance in accordance with Schedule 12.\n> > \n> > RTWI is the return to work incentive, if any, for the employer calculated with respect to the period of insurance in accordance with Schedule 13.\n> \n> > (2) However, where the basic tariff premium less the apprentice incentive amount \\[T − A\\] for a policy of insurance whose total premium is to be calculated under subclause (1) (a):\n> > \n> > > (a) is less than $50,000 (or, if the period of insurance is to be less than 12 months, where the basic tariff premium less the apprentice incentive amount \\[T − A\\] would be less than $50,000 were that period of insurance to be 12 months), the experience adjusted premium \\[(T × (1 − S)) + (E × S)\\] is not to exceed one and a half times the amount of that basic tariff premium \\[1.5 × T\\], and\n> > \n> > > (b) is or exceeds $50,000 but is less than $100,000 (or, if the period of insurance is to be less than 12 months, where the basic tariff premium less the apprentice incentive amount \\[T − A\\] would be or would exceed $50,000 but would be less than $100,000 were that period of insurance to be 12 months), the experience adjusted premium \\[(T × (1 − S)) + (E × S)\\] is not to exceed 1.75 times the amount of that basic tariff premium \\[1.75 × T\\], and\n> > \n> > > (c) is or exceeds $100,000 but is less than $200,000 (or, if the period of insurance is to be less than 12 months, where the basic tariff premium less the apprentice incentive amount \\[T − A\\] would be or would exceed $100,000 but would be less than $200,000 were that period of insurance to be 12 months), the experience adjusted premium \\[(T × (1 − S)) + (E × S)\\] is not to exceed 1.85 times the amount of that basic tariff premium \\[1.85 × T\\], and\n> > \n> > > (d) is or exceeds $200,000 but is less than $300,000 (or, if the period of insurance is to be less than 12 months, where the basic tariff premium less the apprentice incentive amount \\[T − A\\] would be or would exceed $200,000 but would be less than $300,000 were that period of insurance to be 12 months), the experience adjusted premium \\[(T × (1 − S)) + (E × S)\\] is not to exceed twice the amount of that basic tariff premium \\[2 × T\\], and\n> > \n> > > (e) is or exceeds $300,000 but is less than $500,000 (or, if the period of insurance is to be less than 12 months, where the basic tariff premium less the apprentice incentive amount \\[T − A\\] would be or would exceed $300,000 but would be less than $500,000 were that period of insurance to be 12 months), the experience adjusted premium \\[(T × (1 − S)) + (E × S)\\] is not to exceed two and a half times the amount of that basic tariff premium \\[2.5 × T\\], and\n> > \n> > > (f) is or exceeds $500,000 (or, if the period of insurance is to be less than 12 months, where the basic tariff premium less the apprentice incentive amount \\[T − A\\] would be or would exceed $500,000 were that period of insurance to be 12 months), the experience adjusted premium \\[(T × (1 − S)) + (E × S)\\] is not to exceed three times the amount of that basic tariff premium \\[3 × T\\].\n> \n> > (3) However, if the employer is a member of a group:\n> > \n> > > (a) subclause (2) does not apply, and\n> > \n> > > (b) where the sum of the basic tariff premiums less the sum of apprentice incentive amounts \\[TG− AG\\] for all the members of that group:\n> > > \n> > > > (i) is less than $50,000 (or, if the period of insurance is to be less than 12 months, where the sum of basic tariff premiums less the sum of apprentice incentive amounts \\[TG− AG\\] would be less than $50,000 were that period of insurance to be 12 months), the experience adjusted premium for the employer’s policy \\[(T × (1 − S)) + (E × S)\\] is not to exceed one and a half times the amount of the employer’s basic tariff premium \\[1.5 × T\\], and\n> > > \n> > > > (ii) is or exceeds $50,000 but is less than $100,000 (or, if the period of insurance is to be less than 12 months, where the sum of basic tariff premiums less the sum of apprentice incentive amounts \\[TG− AG\\] would be or would exceed $50,000 but would be less than $100,000 were that period of insurance to be 12 months), the experience adjusted premium for the employer’s policy \\[(T × (1 − S)) + (E × S)\\] is not to exceed 1.75 times the amount of the employer’s basic tariff premium \\[1.75 × T\\], and\n> > > \n> > > > (iii) is or exceeds $100,000 but is less than $200,000 (or, if the period of insurance is to be less than 12 months, where the sum of basic tariff premiums less the sum of apprentice incentive amounts \\[TG− AG\\] would be or would exceed $100,000 but would be less than $200,000 were that period of insurance to be 12 months), the experience adjusted premium for the employer’s policy \\[(T × (1 − S)) + (E × S)\\] is not to exceed 1.85 times the amount of the employer’s basic tariff premium \\[1.85 × T\\], and\n> > > \n> > > > (iv) is or exceeds $200,000 but is less than $300,000 (or, if the period of insurance is to be less than 12 months, where the sum of basic tariff premiums less the sum of apprentice incentive amounts \\[TG− AG\\] would be or would exceed $200,000 but would be less than $300,000 were that period of insurance to be 12 months), the experience adjusted premium for the employer’s policy \\[(T × (1 − S)) + (E × S)\\] is not to exceed twice the amount of the employer’s basic tariff premium \\[2 × T\\], and\n> > > \n> > > > (v) is or exceeds $300,000 but is less than $500,000 (or, if the period of insurance is to be less than 12 months, where the sum of basic tariff premiums less the sum of apprentice incentive amounts \\[TG− AG\\] would be or would exceed $300,000 but would be less than $500,000 were that period of insurance to be 12 months), the experience adjusted premium for the employer’s policy \\[(T × (1 − S)) + (E × S)\\] is not to exceed two and a half times the amount of the employer’s basic tariff premium \\[2.5 × T\\], and\n> > > \n> > > > (vi) is or exceeds $500,000 (or, if the period of insurance is to be less than 12 months, where the sum of basic tariff premiums less the sum of apprentice incentive amounts \\[TG− AG\\] would be or would exceed $500,000 were that period of insurance to be 12 months), the experience adjusted premium for the employer’s policy \\[(T × (1 − S)) + (E × S)\\] is not to exceed three times the amount of the employer’s basic tariff premium \\[3 × T\\],\n> > \n> > where:\n> > \n> > AG is the sum of apprentice incentive amounts (if any) for all the members of the group calculated:\n> > \n> > > (a) where the period of insurance to which the premium relates is 12 months—in accordance with Schedule 10 with respect to that period of insurance, or\n> > \n> > > (b) where the period of insurance to which the premium relates is not 12 months—in accordance with Schedule 10 as if the policies to which the premiums relate had a period of insurance of 12 months.\n> > \n> > TG is the sum of the basic tariff premiums for all the members of the group calculated:\n> > \n> > > (a) where the period of insurance to which the premium relates is 12 months—in accordance with Schedule 3 with respect to that period of insurance, or\n> > \n> > > (b) where the period of insurance to which the premium relates is not 12 months—in accordance with Schedule 3 as if the policies to which the premiums relate had a period of insurance of 12 months.","sortOrder":2},{"sectionNumber":"4","sectionType":"section","heading":"Discount available for premiums paid in full","content":"#### 4 Discount available for premiums paid in full\n\n4 Discount available for premiums paid in full\n\n> > (1) An employer (other than a small employer) is entitled to a discount of 3 percent on the initial premium payable by the employer for a policy of insurance if:\n> > \n> > > (a) the period of insurance to which the policy relates is 12 months (or a period of less than 12 months if the policy is issued to an employer who is a member of a group to enable the policy to renew on the same date as the policies of other members of the group), and\n> > \n> > > (b) the employer has paid the discounted amount of the premium in full by the date on which payment of the premium is due, and\n> > \n> > > (c) the employer has not elected to pay the premium by instalments, and\n> > \n> > > (d) the employer has notified the insurer, in accordance with the regulations, of the reasonable estimate of the wages that will be payable during the period of insurance.\n> > \n> > Note—\n> > \n> > Clause 147 of the [Workers Compensation Regulation 2010](/view/html/repealed/current/sl-2011-0037) requires an employer to notify the insurer concerned of the matter referred to in paragraph (d).\n> \n> > (2) A small employer is entitled to a discount of 5 percent on the initial premium payable by the small employer for a policy of insurance if:\n> > \n> > > (a) the period of insurance to which the policy relates is:\n> > > \n> > > > (i) 12 months, or\n> > > \n> > > > (ii) a period of less than 12 months but only if the policy is issued to a small employer who is a member of a group to enable the policy to renew on the same date as the policies of other members of the group, or\n> > > \n> > > > (iii) a period of less than 12 months but only if the policy is issued to a small employer to enable the policy to expire at the end of a month, and\n> > \n> > > (b) the small employer has paid the discounted amount of the premium in full by the date on which payment of the premium is due, and\n> > \n> > > (c) the small employer has not elected to pay the premium by instalments.","sortOrder":3},{"sectionNumber":"5","sectionType":"section","heading":"Recovery of excess from employer: section 160 of Act","content":"#### 5 Recovery of excess from employer: section 160 of Act\n\n5 Recovery of excess from employer: section 160 of Act\n\n> For the purposes of the definition of prescribed excess amount in section 160 (1) of the Act, the following excess amount is specified:\n> \n> > (a) if the employer concerned notified the relevant insurance scheme agent of the injury that led to the weekly compensation claim of the worker within 5 days of the employer becoming aware of it—$0,\n> \n> > (b) in all other cases—the lesser of the following:\n> > \n> > > (i) the amount that is the weekly payment of compensation to which the worker is entitled as determined by section 36 of the Act,\n> > \n> > > (ii) $1,948.80.\n> \n> Note—\n> \n> Under section 160 (2) of the Act, an employer is required to repay the prescribed excess amount to the insurer under a policy of insurance in respect of each weekly compensation claim that the insurer has paid under the policy. However, if the amount that the insurer has paid in respect of any such claim is less than the prescribed excess amount, the amount the employer must repay is that lesser paid amount.","sortOrder":4},{"sectionNumber":"6","sectionType":"section","heading":"Late payment prescribed rates: sections 170 (8) and 172 (5) of Act","content":"#### 6 Late payment prescribed rates: sections 170 (8) and 172 (5) of Act\n\n6 Late payment prescribed rates: sections 170 (8) and 172 (5) of Act\n\n> For the purposes of sections 170 (8) and 172 (5) of the Act, the prescribed rate is 0.845% per month compounded monthly.","sortOrder":5},{"sectionNumber":"7","sectionType":"section","heading":"Calculation of costs of individual claims and provisional payments of compensation: clauses 154 (2) (d) (ii) (C) and 155 (2) (d) (ii) (C) of Regulation","content":"#### 7 Calculation of costs of individual claims and provisional payments of compensation: clauses 154 (2) (d) (ii) (C) and 155 (2) (d) (ii) (C) of Regulation\n\n7 Calculation of costs of individual claims and provisional payments of compensation: clauses 154 (2) (d) (ii) (C) and 155 (2) (d) (ii) (C) of Regulation\n\n> For the purposes of clauses 154 (2) (d) (ii) (C) and 155 (2) (d) (ii) (C) of the [Workers Compensation Regulation 2010](/view/html/repealed/current/sl-2011-0037), the amount specified is $1,948.80.","sortOrder":6},{"sectionNumber":"8","sectionType":"section","heading":"Exemption limit for certain employers: section 155AA (8) of Act","content":"#### 8 Exemption limit for certain employers: section 155AA (8) of Act\n\n8 Exemption limit for certain employers: section 155AA (8) of Act\n\n> The exemption limit (within the meaning of section 155AA (8) of the Act) for the following employers for the 2014–2015 financial year is fixed at $0:\n> \n> > (a) an employer who carries on a business that is covered by Table A classes 612310, 612315, 612320, 612322, 612324, 612326, 612330, 931120, 931130, 931930, 931940 or 931950 (being classes that refer to a per capita rate), regardless of whether the employer carries on any other business,\n> \n> > (b) an employer who carries on a business in the thoroughbred racing industry and who is required by the Rules of Racing (within the meaning of the [Thoroughbred Racing Act 1996](/view/html/inforce/current/act-1996-037)) to hold a policy of insurance with Racing NSW, regardless of whether the employer carries on any other business.\n> \n> Note—\n> \n> The effect of fixing the exemption limit for the specified employers at $0 is that those employers will not be exempt employers within the meaning of section 155AA (Exempt employers not required to obtain policy of insurance) of the Act.\n> \n> **cl 8:** Am 2015 (81), Sch 1 \\[1\\].","sortOrder":7},{"sectionNumber":"9","sectionType":"section","heading":"Schedules form part of Order","content":"#### 9 Schedules form part of Order\n\n9 Schedules form part of Order\n\n> Schedules 1–15 form part of this Order.","sortOrder":8},{"sectionNumber":"Schedule 1","sectionType":"schedule","heading":"Interpretation","content":"# Schedule 1 Interpretation\n\nSchedule 1 Interpretation\n\n(Clause 9)","sortOrder":9},{"sectionNumber":"10","sectionType":"section","heading":"Determination of wages—small employers","content":"#### 10 Determination of wages—small employers\n\n10 Determination of wages—small employers\n\n> > (1) This clause applies in relation to small employers.\n> \n> > (2) In this Order, a reference to wages, in relation to a period of insurance under a policy issued or to be issued to an employer or in relation to a period of 12 months ascertained by reference to any such period of insurance, is a reference to:\n> > \n> > > (a) if there is no immediately preceding period of insurance—the reasonable estimate of the monetary value of the wages (not including any wages to which Schedule 7 applies) supplied to the insurer under clause 147 (1) of the [Workers Compensation Regulation 2010](/view/html/repealed/current/sl-2011-0037) for the relevant period of insurance, or\n> > \n> > > (b) if the small employer has, in accordance with clause 147 (3) of the [Workers Compensation Regulation 2010](/view/html/repealed/current/sl-2011-0037), supplied to the insurer the actual wages paid by the employer during the employer’s second last period of insurance to workers employed by the employer—the actual monetary value of all wages (not including any wages to which Schedule 7 applies) paid to workers by the employer in respect of the second last period of insurance multiplied by 1.026, or\n> > \n> > > (c) otherwise—the monetary value of the wages (not including any wages to which Schedule 7 applies) used to calculate the employer’s premium in respect of the immediately preceding period of insurance, multiplied by 1.3.\n> \n> > (3) For the purposes of subclause (2) (b) and (c), if the second last period of insurance or the immediately preceding period of insurance is less than 12 months, the monetary value of the wages concerned is to be adjusted to reflect the wages that would be paid on a 12 monthly basis.\n> \n> > (4) For the avoidance of doubt:\n> > \n> > > (a) in this Order, a reference to wages payable to workers includes wages payable to apprentices, and\n> > \n> > > (b) in subclauses (2) and (3), the monetary value of wages for an employer for a period of insurance includes the monetary value of wages for that period of insurance paid to apprentices.","sortOrder":19},{"sectionNumber":"11","sectionType":"section","heading":"Meaning of “predecessor”","content":"#### 11 Meaning of “predecessor”\n\n11 Meaning of “predecessor”\n\n> > (1) For the purposes of this Order, a person is the predecessor of an employer if:\n> > \n> > > (a) Acquisition or otherwise gaining possession of predecessor’s business\n> > > \n> > > the employer has acquired or otherwise come into the possession of the business of the person, or\n> > \n> > > (b) Transfer of all or majority of predecessor’s workforce\n> > > \n> > > the employer has, during any policy period, employed workers who at any time constituted all or a majority of the workers employed, during any policy period, by the person and those workers have carried out activities or performed services for the employer that were the same or similar to activities carried out or services performed by those workers for the person.\n> > \n> > Note—\n> > \n> > The claims and wages history of an employer’s predecessor are used in the calculation of the employer’s workers compensation insurance premium—see clause 4 of Schedule 4 and clause 1 (3) of Schedule 5 to this Order.\n> \n> > (2) Subclause (1) (a) applies whether the business acquired is the whole or main part of the business of the person or is the whole or main part of a separate and distinct business of the person, and whether or not the business acquired is carried on at the same location.\n> \n> > (3) Subclause (1) (b) applies whether or not the activities carried out or services performed for the employer were carried out or performed at the same location as those carried out or performed for the person.\n> \n> > (4) In this clause, business has the same meaning as in Division 2B of Part 7 of the Act.","sortOrder":20},{"sectionNumber":"Schedule 2","sectionType":"schedule","heading":"Application","content":"# Schedule 2 Application\n\nSchedule 2 Application\n\n(Clause 9)","sortOrder":21},{"sectionNumber":"Schedule 3","sectionType":"schedule","heading":"Basic tariff premium","content":"# Schedule 3 Basic tariff premium\n\nSchedule 3 Basic tariff premium\n\n(Clause 3)","sortOrder":24},{"sectionNumber":"Schedule 4","sectionType":"schedule","heading":"Experience adjustment factor","content":"# Schedule 4 Experience adjustment factor\n\nSchedule 4 Experience adjustment factor\n\n(Clause 3)","sortOrder":27},{"sectionNumber":"Schedule 5","sectionType":"schedule","heading":"Experience premium","content":"# Schedule 5 Experience premium\n\nSchedule 5 Experience premium\n\n(Clause 3)","sortOrder":33},{"sectionNumber":"Schedule 6","sectionType":"schedule","heading":"Minimum premium","content":"# Schedule 6 Minimum premium\n\nSchedule 6 Minimum premium\n\n(Clause 9)","sortOrder":37},{"sectionNumber":"Schedule 7","sectionType":"schedule","heading":"Reduction of premium for employers of previously injured workers etc","content":"# Schedule 7 Reduction of premium for employers of previously injured workers etc\n\nSchedule 7 Reduction of premium for employers of previously injured workers etc\n\n(Clause 9)","sortOrder":39},{"sectionNumber":"Schedule 8","sectionType":"schedule","heading":"Input tax credit adjustment","content":"# Schedule 8 Input tax credit adjustment\n\nSchedule 8 Input tax credit adjustment\n\n(Clause 3)","sortOrder":45},{"sectionNumber":"Schedule 9","sectionType":"schedule","heading":"Mine Safety Fund premium adjustment","content":"# Schedule 9 Mine Safety Fund premium adjustment\n\nSchedule 9 Mine Safety Fund premium adjustment\n\n(Clause 3)","sortOrder":49},{"sectionNumber":"Schedule 10","sectionType":"schedule","heading":"Apprentice incentive scheme","content":"# Schedule 10 Apprentice incentive scheme\n\nSchedule 10 Apprentice incentive scheme\n\n(Clause 3)","sortOrder":51},{"sectionNumber":"Schedule 11","sectionType":"schedule","heading":"Dust diseases contribution","content":"# Schedule 11 Dust diseases contribution\n\nSchedule 11 Dust diseases contribution\n\n(Clause 3)","sortOrder":54},{"sectionNumber":"Schedule 12","sectionType":"schedule","heading":"Employer safety incentive","content":"# Schedule 12 Employer safety incentive\n\nSchedule 12 Employer safety incentive\n\n(Clause 3)","sortOrder":57},{"sectionNumber":"Schedule 13","sectionType":"schedule","heading":"Return to work incentive","content":"# Schedule 13 Return to work incentive\n\nSchedule 13 Return to work incentive\n\n(Clause 3)","sortOrder":59},{"sectionNumber":"Schedule 14","sectionType":"schedule","heading":"Table A","content":"# Schedule 14 Table A\n\nSchedule 14 Table A\n\nEditorial note—\n\nFor the text of Schedule 14 see Gazette No 56 of 25 June 2014, p 2240. Amended by Gazette No 13 of 20 February 2015, p 373.\n\n**sch 14:** Am 2014 (385), cl 3; 2015 (81), Sch 1 \\[2\\].","sortOrder":61},{"sectionNumber":"Schedule 15","sectionType":"schedule","heading":"Table B","content":"# Schedule 15 Table B\n\nSchedule 15 Table B\n\nEditorial note—\n\nFor the text of Schedule 15 see Gazette No 49 of 30 May 2014, p 1530. Amended by Gazette No 13 of 20 February 2015, p 373.\n\n**sch 15:** Am 2015 (81), Sch 1 \\[3\\] \\[4\\].","sortOrder":62}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"summary":{"complexity_score":4,"scope_assessment":{"changed":false,"description":"Based on available information, the order appears to have remained within its original intended scope of setting workers compensation insurance premium rates for the 2014–2015 period. The amendments reflected in the three version dates likely updated specific premium figures or technical details rather than expanding the instrument's purpose or reach."},"complexity_factors":["Workers compensation premium calculation often involves industry classification codes and employer-specific experience ratings, which can be technically complex","The order was amended at least twice during its lifespan (versions dated 30 May 2014, 25 June 2014, and 23 February 2015), suggesting substantive changes were made mid-year","The full substantive content (premium tables, formulas, industry categories) is not present in the provided text, preventing a complete complexity assessment","Applies within a broader regulatory framework (Workers Compensation Acts) requiring cross-referencing to understand full obligations","Limited complexity as it is a time-limited annual instrument with a defined, narrow purpose — setting premium rates for one financial year"],"plain_english_summary":"The Insurance Premiums Order 2014–2015 (NSW) sets the workers’ compensation premium rates for the 2014–15 financial year. It determines what employers in NSW must pay for mandatory workers’ compensation cover, with rates varying by industry and claims history, and guides insurers/WorkCover in charging those premiums. It matters because it fixes legally binding insurance costs and compliance."},"issue_detection":{"absurdities":[],"contradictions":[]},"kimi_summary":{"content_quality":"ok","complexity_score":9,"scope_assessment":{"changed":false,"description":"The legislation remains focused on its original purpose of setting insurance premium rates and calculation methodologies for the 2014–2015 period. While the Order contains extensive technical detail and multiple schedules, this complexity serves the core function of premium calculation rather than expanding into unrelated policy areas. The inclusion of incentives (safety, return-to-work, apprentices) and industry-specific adjustments (mining, dust diseases, racing) are integral to the premium-setting function rather than scope creep."},"complexity_factors":["15 separate schedules with intricate mathematical formulas (many rendered as images in the source)","Nested conditional logic with multiple tiers: employer size (small/medium/large), group membership, insurance history length (new vs established), and per capita vs wage-based calculations","Extensive cross-referencing: 47+ defined terms in Schedule 1 alone, with references to the Workers Compensation Act 1987, Workers Compensation Regulation 2010, Corporations Act 2001, GST Act, and Apprenticeship and Traineeship Act 2001","Multiple calculation methods for the same concept: different formulas for initial premiums vs hindsight adjustments, single employers vs group members, and Comcare employers","Complex wage determination rules: motor vehicle allowances calculated by continuous recording or averaging methods (12-week sampling periods), accommodation allowances, and predecessor business attribution","Experience rating caps: Six-tiered premium caps (1.5× to 3×) based on premium bands ($50k, $100k, $200k, $300k, $500k thresholds), with different rules for group vs non-group employers","Exception handling: Special cases for self-insurers becoming insured, departing group members, per capita rates (boxing, taxis), and dust diseases contributions","Temporal complexity: Provisions for periods less than 12 months, breaks in insurance, and retrospective adjustments after policy expiry"],"plain_english_summary":"This Order sets out how much New South Wales employers must pay for workers compensation insurance for the 2014–2015 financial year. It applies to most businesses that employ workers in NSW.\n\n**What it does:**\n- **Calculates premiums** using different formulas depending on whether an employer is small (basic tariff premium up to $30,000), medium, or large (over $500,000).\n- **Uses a base rate plus adjustments**: The premium starts with a 'basic tariff premium' based on wages and industry type, then adjusts for:\n  - **Experience**: Employers with fewer claims pay less; those with more claims pay more (capped at 1.5× to 3× the base rate depending on size).\n  - **Incentives**: Discounts for employing apprentices, workplace safety, and helping injured workers return to work.\n  - **Extra charges**: Contributions for dust diseases, mine safety, and GST adjustments.\n- **Sets payment discounts**: 5% for small employers and 3% for larger ones if they pay the full premium upfront.\n- **Fixes the excess**: Employers must pay the first $1,948.80 of a weekly compensation claim (or the weekly payment amount, whichever is less) unless they report the injury within 5 days.\n- **Sets minimum premiums**: No policy can cost less than $175.\n- **Excludes certain wages**: Wages paid to previously injured workers (for their first 24 months) can be excluded from premium calculations.\n\n**Who it affects:**\n- All NSW employers required to hold workers compensation insurance.\n- Special rules apply to employers in groups (related companies), the racing industry, and certain high-risk industries like mining.\n\n**Why it matters:**\nThis Order directly determines how much businesses pay for mandatory workers compensation insurance. The 'experience rating' system rewards safer workplaces with lower premiums, while the complex formulas ensure premiums reflect both industry risk and individual claims history."},"flash_summary":{"complexity_score":8,"scope_assessment":{"changed":false,"description":"Scope is limited to policies taking effect from 4pm 30 June 2014 up to 4pm 30 June 2015 and to employers required to hold policies under the Act (Sch 2 cl 1). The Order prescribes calculation, discounts, minimums, caps and record‑keeping for those policies; it does not alter who must obtain cover under the Act, and it preserves specified exemptions for specialised insurers and Racing NSW (Sch 2 cl 1–2; cl 8). No change of broader statutory scope is indicated within the text."},"complexity_factors":["Interlocking numerical formula with many components (basic tariff T, experience factor S, experience premium E, input tax credit adjustment I, apprentice incentive A, dust diseases D, Mine Safety Fund M, employer safety incentive ESI, return to work incentive RTWI) (cl 3; Schedules 3–13).","Tiered caps on experience‑adjusted premiums tied to tariff bands and group aggregation rules (cl 3(2)–(3); Sch 8 adjustments reflect same caps).","Different treatment by employer size (small v medium/large), including distinct formulas and discounts (Sch 1 cl 2; cl 4; Sch 8).","Detailed historic‑data calculations using multiple look‑back periods, industry claim cost rates, and separate handling of per‑capita rates (Sch 5 (ECCR, ICCR) and Sch 3 exceptions).","Group aggregation and departing‑member adjustments that reallocate wages and claims across members (cl 3(3); Sch 5 cl 3).","Multiple cross‑references to other instruments and statutory definitions (Workers Compensation Regulation 2010, Apprenticeship and Traineeship Act, GST Act, Act itself) increasing compliance complexity (Sch 1 definitions; numerous notes).","Record‑keeping and estimation options for motor vehicle and accommodation allowances, with two alternative calculation methods and multi‑period averaging rules (Sch 1 cl 3; cl 4–7).","Discretion and administrative processes: Authority may issue guidelines and determine eligibility for reductions and classifications; Governor may set alternative ICCR rates (Sch 4 cl 5; Sch 5 (ICCR2)).","Multiple small‑print provisions: minimum premium, exemption list, late payment compounded monthly rate, prescribed excess amount, and special exemptions for specialised insurers (Sch 6; cl 8; cl 6; cl 5; Sch 2)."],"plain_english_summary":"Establishes how employers’ workers‑compensation insurance premiums are calculated for policies effective between 4pm 30 June 2014 and 4pm 30 June 2015. It prescribes a mathematical premium formula that combines a basic tariff, experience adjustments and experience premium plus add‑ons (apprentice, dust‑disease, Mine Safety Fund), caps, a minimum, discounts for up‑front payment, a prescribed excess, a late‑payment interest rate and record‑keeping rules.\n\nApplies to employers required to hold policies (small, medium, large, and groups). Employers pay the premiums; insurers and the Authority apply classifications, rates and reporting rules, imposing wage‑reporting and vehicle‑record compliance obligations."}},"importantCases":[],"_links":{"self":"/api/acts/insurance-premiums-order-2014-2015","history":"/api/acts/insurance-premiums-order-2014-2015/history","analysis":"/api/acts/insurance-premiums-order-2014-2015/analysis","conflicts":"/api/acts/insurance-premiums-order-2014-2015/conflicts","importantCases":"/api/acts/insurance-premiums-order-2014-2015/important-cases","documents":"/api/acts/insurance-premiums-order-2014-2015/documents"}}