2Determination of wages

2 Determination of wages

2 Determination of wages

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:

(a) except as provided by paragraph (b), to a reasonable estimate of the monetary value of all wages payable to workers by the employer in respect of the period of insurance or the period of 12 months, as the case may be:

(i) as calculated by the insurer by reference to the returns, if any, furnished in accordance with the regulations by the employer to the insurer, or

(ii) where the employer does not agree with the estimate of the insurer and applies to the WorkCover Authority for an estimate of that value—as determined by the Authority, or

(b) where the monetary value of those wages has been ascertained—to the actual value of those wages.